Last Updated: 04/18/2025
Western New York FCU Smart Savers Kids’ Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.10%(Verified 08/22/2024)
Minimum Opening Deposit
$25
Minimum Balance to Earn APY
$25
Western New York FCU Smart Savers Kids’ Account Review
Western New York FCU Smart Savers Kids’ Account is offered by Western New York Federal Credit Union, a credit union founded in 1964 and based in West Seneca, NY. Western New York FCU Smart Savers Kids’ Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.10%.
- No monthly maintenance fees. This account does not charge any monthly account fees.
Western New York FCU Smart Savers Kids’ Account Pros & Cons
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Western New York FCU Smart Savers Kids’ Account FAQ
Are savings accounts from Western New York 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 Western New York Federal Credit Union offer a signup bonus?
Western New York FCU Smart Savers Kids’ Account doesn't offer a signup bonus.
What is the minimum initial deposit for Western New York FCU Smart Savers Kids’ Account?
The minimum deposit to open a Western New York FCU Smart Savers Kids’ Account is $25.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $25.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Western New York FCU Smart Savers Kids’ Account offer?
Western New York FCU Smart Savers Kids’ Account offers an APY of 0.10% (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 Western New York FCU Smart Savers Kids’ Account charge?
Western New York FCU Smart Savers Kids’ 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 $30.00 fee.
- Western New York FCU Smart Savers Kids’ Account charges a $25.00 fee for an early account closure. Contact Western New York FCU Smart Savers Kids’ Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $25.00 fee per item.
Does Western New York FCU Smart Savers Kids’ Account charge overdraft fees?
Yes, Western New York FCU Smart Savers Kids’ Account charges a $25.00 overdraft fee. Western New York FCU Smart Savers Kids’ 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 Western New York FCU Smart Savers Kids’ Account offer?
This savings account includes the following features:
- Mobile Banking Services - Western New York FCU Smart Savers Kids’ 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 Western New York FCU Smart Savers Kids’ 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 Western New York FCU Smart Savers Kids’ Account?
The customer support email for Western New York FCU Smart Savers Kids’ Account is info@wnyfcu.com.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
9:00AM - 12:00PM