Last Updated: 04/18/2025
Southwest Financial FCU Select Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
Up to 1.50%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$500
Southwest Financial FCU Select Savings Account Review
Southwest Financial FCU Select Savings Account is offered by Southwest Financial Federal Credit Union, a credit union founded in 1962 and based in Farmers Branch, TX. Southwest Financial FCU Select Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.50%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Southwest Financial FCU Select Savings Account does not charge fees on ATM transactions .
Southwest Financial FCU Select Savings Account Pros & Cons
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Southwest Financial FCU Select Savings Account FAQ
Are savings accounts from Southwest Financial Federal Credit Union federally insured?
Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Southwest Financial Federal Credit Union offer a signup bonus?
Southwest Financial FCU Select Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Southwest Financial FCU Select Savings Account?
There is no minimum deposit to open a Southwest Financial FCU Select Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Southwest Financial FCU Select Savings Account offer?
Southwest Financial FCU Select Savings Account offers an APY up to 1.50% (APY stands for annual percentage yield, rates may change). This is higher than the national average rate for savings accounts.
What fees does Southwest Financial FCU Select Savings Account charge?
Southwest Financial FCU Select Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Southwest Financial FCU Select Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Southwest Financial FCU Select Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Southwest Financial FCU Select Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Southwest Financial FCU Select Savings Account?
The customer support email for Southwest Financial FCU Select Savings Account is info@swfinancial.org.
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Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
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Rating not yet determined
APY (Annual Percentage Yield)
Up to 1.50%
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$500
Rating not yet determined
APY (Annual Percentage Yield)
Up to 1.50%
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$25
Rating not yet determined
APY (Annual Percentage Yield)
Up to 1.50%
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$500
Rating not yet determined
APY (Annual Percentage Yield)
Up to 1.50%
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$25
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