Last Updated: 04/18/2025
Westmark CU Online High-Yield Savings Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
3.10% - 3.75%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$1,000
Westmark CU Online High-Yield Savings Accounts Review
Westmark CU Online High-Yield Savings Accounts is offered by Westmark Credit Union, a credit union founded in 1954 and based in Idaho Falls, ID. Westmark CU High-Yield Savings are available in 50 states 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. However, you must meet minimum balance requirements for higher APYs.
- $0 monthly account fees available. This account charges a monthly fee of up to $10, but the fee may be waived if you keep a minimum balance of$1,000.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Westmark CU Online High-Yield Savings Accounts does not charge fees on ATM transactions .
Westmark CU High-Yield Savings Pros & Cons
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Westmark CU High-Yield Savings FAQ
Are savings accounts from westmark 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 Westmark Credit Union offer a signup bonus?
Westmark CU High-Yield Savings doesn't offer a signup bonus.
What is the minimum initial deposit for Westmark CU High-Yield Savings?
There is no minimum deposit to open a Westmark CU High-Yield Savings.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Westmark CU Online High-Yield Savings Accounts offer?
Westmark CU High-Yield Savings offers a variable APY starting at 3.10% and ranging up to 3.75% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.
What fees does Westmark CU High-Yield Savings charge?
Westmark CU High-Yield Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $1,000.
What features and perks does Westmark CU High-Yield Savings offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Westmark CU High-Yield Savings 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 Westmark CU High-Yield Savings?
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 Westmark CU High-Yield Savings?
The customer support email for Westmark CU High-Yield Savings is info@westmark.org.
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