Founders Federal Credit Unionâ€™s Checking Account isnâ€™t atypical for brick-and-mortar financial institutions. But in the age of internet banking, you can find checking accounts that fall outside the norm in big ways. By shopping for the best checking accounts on the market, you can get rewarded with a notably higher APY.
Founders Federal Credit Unionâ€™s APY offerings on savings products are not competitive. But you have to keep at least $5 in the Savings Account to maintain membership with the credit union, and your goal with a Christmas Club Account may be self-discipline rather than high dividends.
If a higher APY is what youâ€™re after, shop for the best savings rates on the market. Your savings will earn a noticeable amount more that way.
Founders Federal Credit Unionâ€™s certificates are hit or miss. When they hit, they hit big. The rates on the 60-month Share Certificate and 12-month Loyalty Advantage Certificate are some of the highest on the market.
But the Youth Certificate and Share Certificates with terms less than 60 months donâ€™t really compare. Make sure you shop around to make sure you find the right CD for your savings goals.
Founders Federal Credit Unionâ€™s Money Market Plus doesnâ€™t compare to the best offers on the market. Even among the lowest rates on our ranking of the best money market accounts, Founders Federal Credit Unionâ€™s highest rate is several tenths of a percentage point away, and requires a significantly higher balance. You may want to consider looking elsewhere for your money market needs.
Founders Federal Credit Unionâ€™s rates are competitive, but not the best on the market. Itâ€™s important to do some heavy comparison shopping with this account. Rates fluctuate for each financial institution, so there is a chance Founders Federal Credit Union will come out on top eventually. But for right now, you can find better IRA CD rates elsewhere.