NWFCU Savings Rates and Account Options

NWFCU offers a variety of savings account options to suit different needs, including the NWFCU Savings Account and the NWFCU Holiday Club Account.

With the NWFCU Savings Account, you can earn a competitive interest rate of up to 2.50% APY.

This account requires a minimum balance of $5 to open and has no monthly maintenance fees.

NWFCU also offers a Youth Savings Account for minors, which can be opened with a minimum deposit of $5.

This account is designed to help young people develop good savings habits and earn interest on their deposits.

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NWFCU offers a variety of savings rates that cater to different needs and balance requirements. The APY on NWFCU's savings accounts ranges from 0.05% to 1.50%.

To earn the APY on NWFCU's Rewards Savings account, you need to meet certain qualifications during the Monthly Qualification Cycle. If you're under 18, you might be interested in the Youth Club Account, which offers a 2.27% APY on balances up to $1,500.

NWFCU's Money Market account offers tiered APYs based on your balance. For balances less than $2,500, the APY is 0.64%. Balances between $2,500 and $24,999.99 earn 0.64%, while balances between $25,000 and $49,999.99 earn 0.72%.

Here's a breakdown of the APYs for NWFCU's Money Market account:

NWFCU's Smart Savings (Youth) account offers a 5.09% APY on balances up to $5,000, and 1.15% APY on balances over $5,000.

To open a savings account with NWFCU, you'll need to deposit at least $5. This initial deposit will also grant you membership.

The credit union offers various savings account options, each with its own minimum balance requirements and dividend rates. The Regular Savings and Regular Business Savings accounts have a minimum balance of $5 to earn interest, while the Smart Savings (Youth) account also requires $5.

Here are the savings account options available from NWFCU:

Keep in mind that fees may reduce your earnings, and the credit union reserves the right to change the posted rates to reflect market conditions.

You can open a Regular Savings account with as little as $5.00 to earn interest, and it earns a 0.25% APY.

The Regular Business Savings account also requires a minimum balance of $5.00 and earns the same 0.25% APY as the Regular Savings account.

The Smart Savings (Youth) account is designed for young savers, and it requires a minimum balance of $5.00 to earn interest. Balances up to $5,000 earn a 5.09% APY, while balances over $5,000 earn a 1.5% APY.

Here's a breakdown of the different types of savings accounts:

Some savings accounts require a higher minimum balance to earn interest, such as the Money Market account, which requires a minimum balance of $2,000 to earn a 0.70% APY.

The Premium Money Market account requires a higher minimum balance of $50,000 to earn a 1.26% APY.

The Youth Club Account requires a minimum balance of $1 and earns a 2.27% APY on balances up to $1,500, while balances over $1,500 earn a 0.25% APY.

The Savings IRA (Traditional, Roth, and Education) account requires no minimum balance and earns a 0.20% APY.

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Checking Accounts are a type of account that allows you to deposit and withdraw money as needed, with access to your funds through a debit card, checks, or online banking.

You can link a checking account to other accounts, like savings or investment accounts, to manage your finances more efficiently.

A checking account typically comes with a debit card, which can be used to make purchases or withdraw cash.

Many banks offer mobile banking apps that allow you to check your account balance, deposit checks, and transfer funds on the go.

Some checking accounts may come with fees for overdrafts, ATM usage, or minimum balance requirements.

You can avoid these fees by maintaining a minimum balance, using in-network ATMs, or opting for a fee-free checking account.

Some banks offer rewards or cashback programs for using their debit cards or making certain types of purchases.

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The Northwest Federal Credit Union (NWFCU) offers a variety of savings rates that can help your money grow over time.

NWFCU's savings rates are tiered, meaning that the higher your balance, the higher your interest rate will be. For example, if you have a balance between $10,000 and $49,999.99 in your Northwest Legacy Money Market account, you'll earn an APY of 2.20%.

You can earn up to 1.50% APY on your balance in a Rewards Savings account, but you'll need to meet certain qualifications during the monthly qualification cycle to earn the higher rate.

NWFCU's Youth Club Account offers a high APY of 2.27% on balances up to $1,500, making it a great option for young savers.

NWFCU's CD rates are also competitive, with APYs ranging from 1.51% to 3.80%. For example, the 90-day CD earns an APY of 1.51%, while the 13-month Special CD earns an APY of 3.80%.

Here are some key savings rates at NWFCU:

Keep in mind that APYs are subject to change and may not be available for all account types. Be sure to check the NWFCU website or visit a branch for the most up-to-date information.

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