Featured Savings Rates
Credit Union Savings Accounts Rates
If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!
|Banks||APY||Vs. Nat'l Av.||Min Bal||Miles ?|
|SELF RELIANCE NY||1.11%||9.02x||$50||1.34|
|NEW COVENANT DOMINION||0.50%||4.07x||$1||9.62|
|I R E B||0.50%||4.07x||$1||2.28|
|VAN CORTLANDT COOPERATIVE||0.40%||3.25x||$25||13.13|
|Navy Federal Credit Union||0.25%||2.03x||$5||14.80|
|BOOTSTRAP, (C/O COMMONWEALTH OF PR)||0.25%||2.03x||$10||3.37|
|EAST RIVER DEVELOPMENT ALLIANCE||0.25%||2.03x||$10||4.47|
|KOREAN AMERICAN CATHOLICS||0.15%||1.22x||$5||10.42|
|EMPIRE BR 36 NATL ASSOC OF LE CARR||0.10%||0.81x||$10||3.07|
|NEW YORK UNIVERSITY||0.06%||0.49x||$50||1.20|
|POLISH & SLAVIC||0.05%||0.41x||$10||6.76|
|POLISH & SLAVIC||0.05%||0.41x||$10||2.96|
|N Y TEAM||0.05%||0.41x||$2,500||10.58|
|ST. PHILIP'S CHURCH||0.01%||0.06x||$100||7.66|
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Many, but not all, credit unions listed above are insured by the National Credit Union Administration (NCUA). By clicking on a credit union in the table above, you will be taken to an informational page indicating whether it is NCUA insured. The NCUA insures each named individual's deposits to $250,000 for all accounts at the credit union. To avoid exceeding NCUA insurance limits, please review this brochure from the NCUA.
Credit Union Savings Accounts
Credit union savings accounts or money market accounts that are offered by credit unions. Many Americans enjoy performing their banking transactions with credit unions as they are technically member-owned and may have branches close by. You will find a map with all credit unions that are close to you here. It is important to note that most credit unions do have limited fields of membership – you must be a resident of a certain area or have a family member who was employed by a certain company. To understand the difference between a bank or credit union, click here.
Credit union savings and money market accounts ordinarily bear all of the same advantages and disadvantages as savings accounts, except insurance is provided by the National Credit Union Administration instead of the FDIC. Most, but not all, credit unions listed on BestCashCow are NCUA insured. You should confirm that the credit union that you are working with is NCUA insured by visiting that institution’s BestCashCow page (NCUA coverage is detailed on the overview tab). The NCUA provides coverage in amounts and terms that are very similar to, although not identical to that provided by the FDIC. BestCashCow strongly recommends that you deposit money only in NCUA insured credit unions and that you stay within insured limits. If you are considering depositing over $250,000 at a single NCUA-insured credit union across products (share certificates, time deposits, etc.) or across types of ownership (individual, joint, etc.) you should use the NCUA’s Share Insurance Toolkit in order to be sure that you are not exceeding coverage limits .
One other difference is that small credit unions often lack robust online banking features. If you are interested in online banking, be sure to ask your credit unions about the online and mobile services they offer.
To understand all of the income generating options available to a saver, please view the Income Generating Investments Comparison Chart.
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BestCashCow is the most comprehensive bank rate site on the Internet. We scan rates from over 6,000 banks and 4,000 credit unions to find and display the best deals for those looking to earn and save more. You can learn more about the company here.
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