Available for residents nationwide, Hanscom Federal Credit Union is offering a 1.75% APY rate on their Higher Yield Savings Account! Continue reading to learn everything you need to know about Hanscom Federal Credit Union.
Table of Contents
About Hanscom Federal Credit Union
With $1.2 billion in assets and 81,000 members, they are one of the most trusted credit unions in Massachusetts. Their mobile services, education programs and innovative products are designed to help you become financially self-sufficient and successful —whether you’re well-established or just starting out.
I’ll review Hanscom Federal Credit Union Higher Yield Savings Account below.
Hanscom Federal Credit Union Higher Yield Savings 1.75% Rate
To earn the rate, you must open the account and maintain a minimum balance of at least $25,000.
- Account Type: Higher Yield Savings
- Interest Rate: 1.75% APY
- Minimum Balance: $25,000
- Maximum Balance: None
- Availability: Nationwide (Bank Locator)
- Credit Inquiry: Hard pull or soft pull? Let us know
- Opening Deposit: $25,000
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: None
- Early Termination Fee: None
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
|Axos Business Savings||0.20% APY + $100 Bonus||Review|
Hanscom Federal Credit Union ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with their ACH capabilities.
How to Earn Hanscom Federal Credit Union Bank Rate
- Open a Higher Yield Savings Account from the credit union.
- Maintain a minimum balance of $25,000 to earn the 1.75% APY rate.
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- No monthly fees
- Earn greater dividends on balances of $25,000 or more
- Unlimited deposits to the account in-branch, by telephone, or via Online Access
Make sure to this offer out to learn more about the 1.75% APY rate. Keep in mind that the Higher Yield Savings account only allows you one free withdrawal per month or else a penalty or fee will apply.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on Hancsom Federal Credit Union Higher Yield Savings Account.