Last Updated: 04/18/2025
Texas Bay Credit Union Share Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.03% - 3.56%(Verified 06/21/2024)
Minimum Opening Deposit
$1
Minimum Balance to Earn APY
$100
Texas Bay Credit Union Share Savings Account Review
Texas Bay Credit Union Share Savings Account is offered by Texas Bay Credit Union, a credit union founded in 1936 and based in Houston, TX. Texas Bay Credit Union Share 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 3.56%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- Small minimum initial deposit. You only need $1.00 to open an account.
Texas Bay Credit Union Share Savings Account Pros & Cons
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Texas Bay Credit Union Share Savings Account FAQ
Are savings accounts from Texas Bay 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 Texas Bay Credit Union offer a signup bonus?
Texas Bay Credit Union Share Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Texas Bay Credit Union Share Savings Account?
The minimum deposit to open a Texas Bay Credit Union Share Savings Account is $1.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $1.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Texas Bay Credit Union Share Savings Account offer?
Texas Bay Credit Union Share Savings Account offers a variable APY starting at 0.03% and ranging up to 3.56% (APY stands for annual percentage yield, rates may change).
What fees does Texas Bay Credit Union Share Savings Account charge?
This account charges a monthly service fee of $2.00. However, you can waive the monthly fees if you have a minimum daily balance of $1.00.
- Outgoing domestic bank transfers come with a $15.00 fee.
- Outgoing international bank transfers come with a $40.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Texas Bay Credit Union Share Savings Account charges a $15.00 fee for an early account closure. Contact Texas Bay Credit Union Share Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $29.00 fee per item.
- Texas Bay Credit Union Share Savings Account charges $1.00 every time you request a paper statement.
Does Texas Bay Credit Union Share Savings Account charge overdraft fees?
Yes, Texas Bay Credit Union Share Savings Account charges a $29.00 overdraft fee. Texas Bay Credit Union Share Savings Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Texas Bay Credit Union Share Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Texas Bay Credit Union Share 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 Texas Bay Credit Union Share 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 Texas Bay Credit Union Share Savings Account?
The customer support email for Texas Bay Credit Union Share Savings Account is webmail@tbacu.org.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM