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The credit union’s APY rates are solid and higher than most competitors.
But you’ll have to deal with banking service fees and strict withdrawal limits for the high-yield savings account.
Here’s a complete CommunityWide Federal Credit Union review.
Read on to learn more.
it’s possible for you to earn a higher interest rate with a high-yield savings account.
But compared to the national average of 0.07%, the APY is solid.
Its a valuable perk that most credit unions dont offer.
CW Checking users can also take advantage of SOS overdraft protection.
Youll have to pay a negative balance fee of 0.33% daily, much lower than most banks.
Heres an overview of the account.
CommunityWide Savings Account
CommunityWide Credit Union offers two savings accounts: CW Savings and CW HiRate Savings.
Heres a close look at each.
With an APY of, the account offers interest rates much higher than the national average.
you’re free to only withdraw money penalty-free during the first five days of the month.
If you withdraw after that, you face a penalty and lose 15 days of interest earnings.
CommunityWide CD Accounts
CommunityWide Federal Union offers competitive CD rates.
The early withdrawal penalty is the same for all term lengths.
Its a complicated formula, but the penalty rates are similar to those ofother CD accounts.
Heres how much you’ve got the option to earn with a CD from CommunityWide Federal Credit Union.
CommunityWide IRAs
CommunityWide Federal Credit Union also offers Traditional IRAs and Roth IRAs.
it’s possible for you to open an account with a $2,000 minimum deposit.
you’re free to start a new account or roll over an existing retirement account.
The accounts have most of the standard features of IRA accounts, including different investment options.
Its a helpful option for members who want all their accounts in one place.
CommunityWide Account Fees
CommunityWide has various banking service fees.
Some are fairly standard, but others are less common or more expensive than expected.
it’s possible for you to apply for membership and open accounts online.
CommunityWide Membership Requirements
CommunityWide Federal Credit Union is one of thecredit unions that anyone can join.
you could meet the membership requirements in different ways.
You automatically qualify for membership if youre a spouse or immediate family member.
you’re able to also take advantage of free financial tools like GreenPath, Zogo and ID Protect.
Local Indiana residents can access branch locations.
One of the biggest advantages of membership is the excellent APY rates for CDs, savings andchecking accounts.
FAQ
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of Oct. 25, 2024.
