VyStar Credit Union Savings Account

VyStar Credit Union Savings Account Review

VyStar Credit Union Savings Account is offered by VyStar Credit Union, a credit union founded in 1952 and based in Jacksonville, FL. VyStar Credit Union Savings Account are available in 1 state across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.1%.
• $0 monthly account fees available. This account charges a monthly service fee of up to $5.
• Small minimum initial deposit. You only need $5 to open an account.
• No ATM fees. VyStar Credit Union Savings Account does not charge fees on ATM transactions.

Vystar savings account Pros & Cons

Pros	Cons
Dividend-yielding account. Insured by NCUA. Access to physical branches. No charge on incoming domestic or international wire transfers.	No signup bonus. Does not come with a debit card Only available in one state. Higher than average wire transfer fees. Monthly service charge.

Vystar savings account FAQ

Are savings accounts from VyStar 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 VyStar Credit Union offer a signup bonus?

Vystar savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Vystar savings account?

The minimum deposit to open a Vystar savings account is $5.

VyStar Credit Union Savings Account Minimums

Description
Minimum Balance to Earn APY	$50
Minimum Opening Deposit	Starting at $5

What APY does VyStar Credit Union Savings Account offer?

Vystar savings account offers an APY of 0.1% (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 Vystar savings account charge?

Vystar savings account 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 fee.
• Vystar savings account charges a $5 fee for an early account closure. Contact Vystar savings account for more details on what is considered an early closure.

What features and perks does Vystar savings account offer?

This savings account includes the following features:

• Fraud monitoring - Vystar savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Vystar savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

Can you set up a direct deposit to Vystar 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 Vystar savings account?

The customer support email for Vystar savings account is social@vystarcu.org.