Most of the BankDirect accounts have a low amount required to open the account. BankDirect checking accounts only require $500 to open. Both BankDirect money market accounts require $500 to open. The basic savings account only requires $100 to open.
BankDirect does not own any ATMs; they reimburse their customers the ATM fees. The first four ATM withdrawals per statement cycle are refunded. The refunds are up to $2.50 per transaction. There is a withdrawal limit of $500 from an ATM each day.
BankDirect offers a variety of personal deposit accounts. There are three different checking accounts and two different money market accounts. There are a variety of different CD terms available. BankDirect offers one savings account. There are no business accounts available.
The BankDirect Money Market Plus account offers a competitive interest rate. BankDirect also offers a mileage money market account. This account earns American Airline miles. Both MMA require $500 to open. The mileage money market account earns much lower interest rates. You earn miles instead of interest. There is no monthly fee for either account.
To earn the high rates offered on the BankDirect Money Market Plus account you must have $10,000 in the account. Amounts under $10,000 do not earn any interest. Only $500 is required to open this account, but to earn any interest requires $10,000.
BankDirect offers a variety of different CD terms. The required amount to open any of the CDs is $10,000. There is no monthly fee. The interest rates for CDs are competitive. The 12-month, 18-months, 24-months and 36-month CDs offer the most competitive rates. To open a mileage CD also requires $10,000.
Two of the BankDirect checking accounts have monthly fees. The interest and mileage checking accounts both have a monthly fee. The fee is waived for the interest checking account if you have at least $2,500 in the account. The mileage checking does not list a way to waive that monthly fee.
Opening an account with BankDirect is not entirely online. To open an account, you must fill out the application online, then print off part and mail it in. You will then receive a welcome kit within one to two weeks. Once you get your kit, you can finish setting up your account.
Accounts at CommunityWide offer competitive interest rates. The rates are competitive with other online accounts. CommunityWide rates are much higher than typical bank rates. Their rates are not tiered. Any balance above the required amount earns competitive interest rates.
Most CommunityWide accounts have low opening required amounts. The savings accounts require $5 to open. The checking accounts requires $15 or $25 to open. To earn interest on these accounts you must have $500 in the account, but not to open the account.
CommunityWide offers a wide variety of accounts. They offer personal savings and checking accounts, and CDs. Their CD terms range from six months to five years. They offer IRA accounts, auto loans, personal loans, and other types of loans.
A Funds Savings Account is available through CommunityWide. This account acts as a savings account but earns a higher interest rate. Members can only withdraw money deposited in the account at specific times. You can choose whether to withdraw the money monthly or quarterly. Money can be deposited into the Funds Savings Account anytime.
Before you can open an account with CommunityWide, you must become a member of the credit union. To be eligible to join you must have worked for a certain company or be a spouse of someone who has. Members of certain organizations are eligible. Immediate family members of CommunityWide members qualify to open an account. Once you qualify, you must present a valid government issued ID and your social security number to open an account.
To open a CD with CommunityWide has a high opening required amount. Each of the CD terms requires $2,000 to open. The CDs ranges from six-month terms to sixty-month terms. Each term offers a competitive interest rate.
CommunityWide Federal Credit Union does not offer ATM fee reimbursement. They offer over 30,000 ATMs that are free for members to use. If you make a transaction with another ATM not in their network, you may be charged a fee. CommunityWide will not reimburse you that fee.
The CommunityWide checking account has a monthly fee. The fee is $2.95 each month. Customers can waive this fee by having a direct deposit into the account. You can also waive the fee by keeping a daily balance of $5,000 in the account. The savings accounts require $5 to avoid a monthly fee.