Andrews FCU High Yield Savings Account 2025 Review
Andrews Federal Credit Union offers high-yield savings accounts to help you reach your financial goals. You can earn a competitive APY on balances up to $100,000, though you'll need to join the credit union to open an account.
The Andrews FCU High Yield Savings account offers a solid APY, with no minimum balance requirement. You can open an account online and there are no monthly maintenance fees.
This savings account could be right for people who:
- Want to earn a competitive rate on savings
- Have a Kasasa checking account with Andrews FCU, or plan to open one
- Prefer a savings account with no monthly maintenance fees
- Are interested in joining a credit union
Andrews FCU offers more than just high-yield savings accounts. You can open a range of other savings options, including share certificate and money market accounts, as well as high-interest checking accounts.
Andrews FCU Kasasa Cash Checking Account Pros & Cons
Compared to Other Online Savings Accounts
Alliant Credit Union High-Rate Savings Account
Alliant Credit Union High-Rate Savings offers a solid APY with no monthly fee when you enroll in estatements. You'll need to meet a $100 minimum balance requirement to earn interest and interest is paid monthly. Your account also includes fee-free ATM access at more than 80,000 ATMs.
Read our full editorial review of the Alliant Credit Union High-Rate Savings account
Navy Federal Credit Union Savings Account
Navy Federal Credit Union offers several savings account options, including share savings accounts, money market savings, and IRA savings. These accounts all earn interest but compared to what you could get at Andrews FCU or other credit unions, the rates are less competitive. You'll need to have eligible military or Department of Defense affiliation to qualify for membership.
Read our full editorial review of the Navy Federal Credit Union Savings account
Jovia Financial Credit Union Online Savings Account
The Jovia Financial Credit Union Online Savings account earns one of the highest APYs of any credit union savings account and you'll pay no monthly maintenance fees to save. You can make cash withdrawals from your account fee-free at more than 55,000 Allpoint ATMs or bank online if that's more convenient. You must live, work, worship, or attend school in Long Island to join, or be a family member of a Jovia Financial employee.
Read our full editorial review of the Jovia Financial Credit Union Online Savings Account
Legacy Credit Union Savings Account
Legacy Credit Union offers multiple savings accounts, including one high-yield option that pays an exceptional rate on balances up to $1,000. Once your balance exceeds $1,000 you'll earn a much lower APY that's closer to what you might get from a traditional bank. Membership is extended to individuals who live and work in certain areas of Missouri.
Read our full editorial review of the Legacy Credit Union Savings account
Interest Rates
Andrews FCU High Yield Savings earns interest and the rate is above the national average. To earn the advertised APY, you'll need to:
- Have a Kasasa Cash Checking or Kasasa Cash Back account
- Complete a minimum of 15 PIN-based or signature-based debit card transactions, excluding ATM transactions or bill payments
- Have at least one direct deposit or ACH deposit per month
- Enroll in digital banking and sign up for estatements
If you meet those requirements you'll get the highest advertised rate on the first $100,000 you save. If you don't meet the requirements or your balance tops $100,000, you'll earn a much lower APY instead.
Overall, the rate is solid but it's not the best you could earn with a savings account from a credit union or an online bank. If you're looking for the highest savings rates possible, you may want to check out what other accounts offer.
Fees
Fees are always an important consideration when opening a savings account. You don't want to pay so much in fees that you're handing back all the interest you earn.
Andrews FCU doesn't charge a monthly fee for savings, but there are some other fees to know.
Other Service Fees - Andrews FCU Kasasa Cash Checking
| Type | Fee |
|---|---|
| Monthly Maintenance Fee | $0.00 |
| Paper Statements | $5.00 |
| Official Checks | $5 |
| Money Orders | $2.00 |
| Foreign ATM Fee | $1.00 |
| Nonsufficient Funds Fee | $32.00 |
| Overdraft Fee | $0 |
| Returned Deposit Item Fee | $25 |
| Stop Payment | $25 |
| Foreign Transaction Fee | 1% |
| Incoming Wire Transfers (Domestic and International) | $15 |
| Outgoing Wire Transfers (Domestic and International | $25-$50 |
| Account Research and Reconciliation | $25/hour |
| Legal Fee | $75.00 |
The fee schedule only mentions an excess withdrawal fee for money market accounts.
ATM Access
Andrews FCU has branch locations in Maryland, New Jersey, Virginia, and Washington, D.C. The credit union participates in shared branch banking through the CO-OP network.
You can access cash at Andrews FCU ATMs or 30,000+ CO-OP ATMs fee-free. There is a fee to use another credit union or bank's ATM.
Having an ATM access to your savings account can be a good thing if you need cash in an emergency situation. You'll just need to be mindful about where you make withdrawals to avoid added fees.
Account Management
Andrews FCU offers online and mobile banking services. You can log in to:
- View transaction history
- Download statements
- Move funds between accounts
- Update your personal information
- Schedule bill payments
You can also use mobile check deposits to add money to your account. Deposited checks typically take one day to post to your account, though funds availability may vary.
You can withdraw up to $1,000 per day at ATMs or use your Kasasa Cash debit card to make up to $3,000 in daily POS purchases.
Andrews FCU partners with Zelle for person-to-person transfers. You'll need to log in to view your Zelle transfer limits.
FDIC Insurance
FDIC insurance exists to protect deposits at member banks. If a bank fails, the FDIC works to make sure its customers get their money back.
The FDIC does not insure credit unions; that's the job of the National Credit Union Administration (NCUA).
Andrews FCU is an NCUA-insured credit union. Your deposits are protected up to $250,000, which is the same coverage limit the FDIC uses.
What to Look for in a Savings Account
When you're ready to open a new savings account it helps to shop around. Here's how to compare savings accounts to see which banks offer the best combination of features and benefits.
- Online vs. traditional. Are you comfortable with an online bank or do you prefer to be able to visit a branch? That's a key question to ask when deciding where to save.
- Bank vs. credit union. Credit unions may offer better savings rates and charge fewer fees than traditional banks. You may want to compare them to online banks to see which one offers the best savings options.
- Interest rate and APY. Of course, you'll want to check out the rate you could earn. While you're at it, look at whether the rate is tiered or applies to all balances and whether you'll need to jump through any special hoops to earn it.
- Fees. Fees are always a must to review since they can eat into your interest earnings. Look for a savings account with no monthly fee if possible.
- Opening and minimum balance requirements. Some savings accounts require more money to open than others. Or you might need to meet a minimum balance requirement to earn interest. It's important to know what you'll need to get started and avoid missing out on interest earnings.
- Access. Will you be able to bank at branches? Do you get an ATM card? Are online and mobile banking offered? Consider all the ways you can make deposits and withdrawals.
- Customer service and support. If you need help you want to know that your bank or credit union is there for you. Consider the type of support offered, when it's available, and the bank or credit union's overall reputation for service.
You may start your search at your current bank to see what kind of savings options are available. From there, you can branch out to consider savings accounts from online banks or credit unions.
Frequently Asked Questions
Can anyone join Andrews FCU?
Yes, anyone 18 or older can join Andrews FCU. You're eligible for membership if you're employed by select employer groups, are the family member of an Andrews FCU employee, have military affiliation, or belong to the American Consumer Council.
Is a credit union worth it?
A credit union could be a worthwhile place to keep your savings if you're earning a great rate and paying minimal fees. Andrews FCU is just one credit union savings account you might consider. As you look at other credit unions, check out the rates you could earn, the requirements to earn interest, and the fees.
Is an online savings account the best way to save?
Online savings accounts can be appealing if they offer higher rates than traditional banks and/or charge fewer fees. You might be able to grow your money faster than you would with a different type of savings account. Compare online savings accounts at banks and credit unions to see which one best matches what you need.
