Last Updated: 04/18/2025
SUNY Fredonia FCU Share Savings Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.500%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
N/A
SUNY Fredonia FCU Share Savings Accounts Review
SUNY Fredonia FCU Share Savings Accounts is offered by SUNY Fredonia Federal Credit Union, a credit union founded in 1975 and based in Fredonia, NY. SUNY Fredonia FCU Share Savings Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. SUNY Fredonia FCU Share Savings Accounts has an annual percentage yield of up to 0.500%, which is higher than the average interest rate for savings accounts.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
SUNY Fredonia FCU Share Savings Accounts Pros & Cons
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SUNY Fredonia FCU Share Savings Accounts FAQ
Are savings accounts from SUNY Fredonia 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 SUNY Fredonia Federal Credit Union offer a signup bonus?
SUNY Fredonia FCU Share Savings Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for SUNY Fredonia FCU Share Savings Accounts?
The minimum deposit to open a SUNY Fredonia FCU Share Savings Accounts is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does SUNY Fredonia FCU Share Savings Accounts offer?
SUNY Fredonia FCU Share Savings Accounts offers an APY of 0.500% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does SUNY Fredonia FCU Share Savings Accounts charge?
SUNY Fredonia FCU Share Savings Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $15.00 fee.
- Incoming domestic bank transfers come with a $3.00 fee.
- Outgoing international bank transfers come with a $60.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- SUNY Fredonia FCU Share Savings Accounts charges $1.00 every time you request a paper statement.
What features and perks does SUNY Fredonia FCU Share Savings Accounts offer?
This savings account includes the following features:
Can you set up a direct deposit to SUNY Fredonia FCU Share Savings Accounts?
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 SUNY Fredonia FCU Share Savings Accounts?
The customer support email for SUNY Fredonia FCU Share Savings Accounts is credit.union@fredonia.edu.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 2:00PM
Wednesday
9:00AM - 2:00PM
Thursday
8:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed