We do like that Spectrum Credit Union offers a second-chance checking account to allow folks whoâ€™ve had trouble getting checking accounts in the past another shot to prove themselves worthy. However, the interest rate offered on its main checking account isnâ€™t really that great, especially when compared with the best online checking accounts out there.
Spectrum Credit Unionâ€™s savings accounts are a bit hit-and-miss. Its Primary Savings doesnâ€™t really offer that great of interest. However, its MySavings youth account offers one of the highest interest rates weâ€™ve seen, even if itâ€™s just on the first $1,000 in the account.
However, if youâ€™re looking for a better savings account that offers higher rates for adults, you can do much better with one of these top online savings accounts.
The interest rates offered on these CDs are pretty good, especially for the shorter terms such as 12 months. We also like that these CDs are accessible to savers just starting out with a smaller amount of cash, but that people who have larger deposit sizes still have the option to earn more interest.
If youâ€™d like to compare these rates with our current top CD picks, head over to this page.
This account offers a high interest rate, especially for a credit union. However, itâ€™s still not the highest out there. If youâ€™re interested in earning the most money possible, we recommend one of these online money market accounts instead.
Spectrum Credit Union offers good rates on these IRA CDs, especially considering that this is a small credit union. However, you can still earn even higher rates with one of these IRA CDs, some of which are available at banks that donâ€™t require you to go through a run-around to become a member.
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