-
Financial Rates:
3.5
-
Customer Service:
4.0
-
Website Experience:
5.0
-
Bank Fees:
5.0
Pros:
- High interest rates
- No monthly fees or required amount
- PurePoint Best Rate Commitment
- Financial centers available
Cons:
- High opening deposits
- CD deposit requires single transaction
- Only savings account and CDs offered
- Online transfers require linked account
-
Financial Rates:
4.0
-
Customer Service:
4.5
-
Website Experience:
4.0
-
Bank Fees:
5.0
Pros:
- Accounts offer competitive rates
- Low opening amounts and no monthly fees
- Variety of savings accounts offered
- Funds savings account
Cons:
- Must join the credit union first
- No ATM fee reimbursement
- Only one checking account offered
- CD early withdrawal penalty can be high
PurePoint offers competitive interest rates. The rates for their savings account and CDs are high. Earn more money off your money with these accounts.
PurePoint savings account does not have monthly fees. There is no required amount to keep in the account. If you do not keep the $10,000 in the account, you will earn lower interest rates, but there is not a fee. The PurePoint savings account is free.
PurePoint CDs offer the Best Rate Commitment. This helps to ensure you earn the best interest rates for your CD. After the application is complete, you watch the interest rates for ten days. The best rate from that 10-day period is the rate you will receive for the term of the CD.
PurePoint is an online bank. There are no monthly fees. The interest rates are competitive with other online accounts. However, PurePoint offers the low fees and high rates and has some financial centers. PurePoint has over 20 financial centers in Florida, Illinois, New York, and Texas.
PurePoint requires a large amount to open the account. The savings account and CDs requires $10,000 as the minimum deposit. If you do not have $10,000 in the savings account, you will not earn the high-interest rates offered. You will still earn interest on amounts under $10,000, but it will be a much lower rate.
The CDs and savings accounts require a large opening deposit. That deposit for CDs must be in a single transaction. Ten thousand dollars must be in the account to earn the competitive interest rates.
PurePoint only offers a savings account and CDs. The CDs offered vary in terms from six-months to five-years. They offer nine CD terms. PurePoint does not offer a checking account or a money market account. No business accounts are available.
You must link your PurePoint savings account to an external bank account. Since PurePoint does not offer a checking account, an external bank account is necessary. This allows you to transfer funds online into and out of your PurePoint savings account. You can also transfer money into the account by sending a check in the mail, a wire transfer, or a mobile deposit.
Accounts at CommunityWide FCU 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.
CommunityWide accounts have low opening required amounts. The savings accounts require $5 to open. The checking account requires $15 to open. The CD terms each require $1,000 to open. The CommunityWide FCU checking and savings accounts do not have a monthly fee. If you only open a savings account and the account does not have any activity, there is a $5 dormant account fee. That fee applies for each month with no activity.
CommunityWide offers a wide variety of savings accounts. The accounts offered include:
- Personal savings account
- High-yield savings account
- Funds savings account
- CD terms from six months to five years
- IRA accounts
A Funds savings account is available through CommunityWide FCU. 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 show a valid government-issued ID and your Social Security Number.
CommunityWide Federal Credit Union does not offer ATM fee reimbursements. They offer over 30,000 ATMs 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 for those fees.
CommunityWide FCU offers many accounts, but only one checking account. The checking account earns interest for balances over $1 and requires $15 to open. It is the only checking account available through CommunityWide FCU.
The early withdrawal fee for CommunityWide FCU CDs can be higher than other CD fees. CommunityWide FCU uses a specific formula to determine the penalty. First, they take the withdrawn amount times the remaining days at twice the current APR. They then divide the amount by 365. There is not a set penalty based on term length.
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From Our Partners
| Savings (Rate as of 12/21/2024) | |
| APY | 3.80% |
|---|---|
| Rate | 3.73% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
| Savings (Rate as of 12/21/2024) | |
| APY | 4.75% |
|---|---|
| Rate | 4.65% |
| Min to Open | $500 |
| Min to Earn APY | $500 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
| Savings (Rate as of 12/21/2024) | |
| APY | 3.80% |
|---|---|
| Rate | 3.80% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. Promoted offer: It only takes about 5 minutes to open a fee-free account. |
|
| Savings (Rate as of 12/21/2024) | |
| APY | 4.40% |
|---|---|
| Rate | 4.30% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. Promoted offer: No monthly maintenance fee, $0 to open, easily grow your money |
|
| Savings (Rate as of 12/21/2024) | |
| APY | 4.46% |
|---|---|
| Rate | 4.46% |
| Min to Open | $500 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
| Savings (Rate as of 12/21/2024) | |
| APY | 4.35% |
|---|---|
| Rate | 4.35% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. Promoted offer: $200 Bonus w/ Tiered Savings Account and Qualifying Activities |
|
| Savings (Rate as of 12/21/2024) | |
| APY | 4.35% |
|---|---|
| Rate | 4.35% |
| Min to Open | $100 |
| Min to Earn APY | $5,000 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. Promoted offer: CIT Bank, a division of First Citizens, 125+ years of experience. |
|
| Savings (Rate as of 12/21/2024) | |
| APY | 4.30% |
|---|---|
| Rate | 4.21% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
| MMA (Rate as of 12/21/2024) | |
| APY | 4.10% |
|---|---|
| Rate | 4.02% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | Yes |
| Member FDIC. | |
| Savings (Rate as of 12/21/2024) | |
| APY | 4.10% |
|---|---|
| Rate | 4.10% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
| Savings (Rate as of 12/21/2024) | |
| APY | 4.75% |
|---|---|
| Rate | 4.64% |
| Min to Open | $1,000 |
| Min to Earn APY | $1,000 |
| Monthly Fee | $5.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
| Savings (Rate as of 12/21/2024) | |
| APY | 4.75% |
|---|---|
| Rate | 4.75% |
| Min to Open | $10 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| FDIC insured at program banks†. Promoted offer: var. APY a/o 11/8/24. New customers only. Betterment LLC, not a bank |
|
| Savings (Rate as of 12/21/2024) | |
| APY | 4.10% |
|---|---|
| Rate | 4.02% |
| Min to Open | $0 |
| Min to Earn APY | $0 |
| Monthly Fee | $0.00 |
| Min to Avoid Fee | $0 |
| Checkbook | No |
| Member FDIC. | |
The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guarantee the accuracy or availability of any rates shown. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own website where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
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1 APY stands for Annual Percent Yield. It's different from Rate because it takes into account compounding interest for the year.
2 MMA stands for Money Market Account. It's a savings and checking hybrid, allowing you to earn interest and use checks 6 times a month.