Last Updated: 04/18/2025
Transcend Credit Union Personal Reserve Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20% - 0.35%(Verified 06/21/2024)
Minimum Opening Deposit
$5,000
Minimum Balance to Earn APY
$0
Transcend Credit Union Personal Reserve Account Review
Transcend Credit Union Personal Reserve Account is offered by Transcend Credit Union, a credit union founded in 1934 and based in Louisville, KY. Transcend Credit Union Personal Reserve Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Higher than average APY. Transcend Credit Union Personal Reserve Account has an annual percentage yield of up to 0.35%, which is higher than the average interest rate for savings accounts.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Large minimum initial deposit. You need a minimum deposit of $5,000.00 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
Transcend Credit Union Personal Reserve Account Pros & Cons
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Transcend Credit Union Personal Reserve Account FAQ
Are savings accounts from Transcend 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 Transcend Credit Union offer a signup bonus?
Transcend Credit Union Personal Reserve Account doesn't offer a signup bonus.
What is the minimum initial deposit for Transcend Credit Union Personal Reserve Account?
The minimum deposit to open a Transcend Credit Union Personal Reserve Account is $5,000.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5,000.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5,000.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Transcend Credit Union Personal Reserve Account offer?
Transcend Credit Union Personal Reserve Account offers a variable APY starting at 0.20% and ranging up to 0.35% (APY stands for annual percentage yield, rates may change).
What fees does Transcend Credit Union Personal Reserve Account charge?
Transcend Credit Union Personal Reserve Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Transcend Credit Union Personal Reserve Account offer?
This savings account includes the following features:
- Mobile Banking Services - Transcend Credit Union Personal Reserve 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 Transcend Credit Union Personal Reserve 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.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 4:00PM
Tuesday
8:30AM - 4:00PM
Wednesday
8:30AM - 4:00PM
Thursday
8:30AM - 4:00PM
Friday
8:30AM - 6:00PM
Saturday
9:00AM - 12:00PM