Workers Credit Union Accelerate Savings Account

Key Takeaways

• High yield savings. This account offers an annual percentage yield of up to 2.50%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
• No monthly maintenance fees. This account does not charge any monthly account fees.
• Small minimum initial deposit. You only need $5.00 to open an account.

Workers Credit Union Accelerate Savings Account Pros & Cons

Workers Credit Union Accelerate Savings Account FAQ

Are savings accounts from Workers Credit Union federally insured?

Does Workers Credit Union offer a signup bonus?

What is the minimum initial deposit for Workers Credit Union Accelerate Savings Account?

The minimum deposit to open a Workers Credit Union Accelerate Savings Account is $5.00.

What APY does Workers Credit Union Accelerate Savings Account offer?

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 Workers Credit Union Accelerate Savings Account charge?

• Outgoing domestic bank transfers come with a $25.00 fee.
• Incoming domestic bank transfers come with a $15.00 fee.
• Outgoing international bank transfers come with a $50.00 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 $15.00 fee.
• An overdraft on your account will trigger a $30.00 fee per item.
• Workers Credit Union Accelerate Savings Account charges $5.00 every time you request a paper statement.

Does Workers Credit Union Accelerate Savings Account charge overdraft fees?

Yes, Workers Credit Union Accelerate Savings Account charges a $30.00 overdraft fee.

What features and perks does Workers Credit Union Accelerate Savings Account offer?

• Mobile Banking Services - Workers Credit Union Accelerate 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 Workers Credit Union Accelerate Savings Account?

What is the customer support email for Workers Credit Union Accelerate Savings Account?