Last Updated: 04/18/2025
Westerly Community Credit Union Diamond Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10% - 3.75%(Verified 06/21/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$0
Westerly Community Credit Union Diamond Savings Account Review
Westerly Community Credit Union Diamond Savings Account is offered by Westerly Community Credit Union, a credit union founded in 1948 and based in Westerly, RI. Westerly Community Credit Union Diamond Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 3.75%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No ATM fees. Westerly Community Credit Union Diamond Savings Account does not charge fees on ATM transactions .
Westerly Community Credit Union Diamond Savings Account Pros & Cons
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Westerly Community Credit Union Diamond Savings Account FAQ
Are savings accounts from Westerly Community 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 Westerly Community Credit Union offer a signup bonus?
Westerly Community Credit Union Diamond Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Westerly Community Credit Union Diamond Savings Account?
The minimum deposit to open a Westerly Community Credit Union Diamond Savings Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Westerly Community Credit Union Diamond Savings Account offer?
Westerly Community Credit Union Diamond Savings Account offers a variable APY starting at 0.10% and ranging up to 3.75% (APY stands for annual percentage yield, rates may change).
What fees does Westerly Community Credit Union Diamond Savings Account charge?
Westerly Community Credit Union Diamond 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 $10.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Outgoing international bank transfers come with a $35.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $10.00 fee.
- An overdraft on your account will trigger a $29.50 fee per item.
Does Westerly Community Credit Union Diamond Savings Account charge overdraft fees?
Yes, Westerly Community Credit Union Diamond Savings Account charges a $29.50 overdraft fee. Westerly Community Credit Union Diamond 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 Westerly Community Credit Union Diamond Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Westerly Community Credit Union Diamond 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 Westerly Community Credit Union Diamond 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.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:00PM