Thursday, 26 November 2020

Vibe Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts

Vibe Credit Union Review: Checking, Savings, CD, Money Market and IRA Accounts
05 Nov
8:38

Vibe Credit Union’s Most Popular Accounts

APY

Account Type

Account Name

Compare Rates from Similar Accounts

0.05%

Savings

Vibe Credit Union Membership Savings Account

1.90%

American Express National Bank High Yield Savings Account

on American Express National Bank’s secure website

Member FDIC

1.25%

CD Rates

Vibe Credit Union 12 Month CD

2.50%

Synchrony Bank 12 Month CD

on Synchrony Bank’s secure website

Member FDIC

2.10%

CD Rates

Vibe Credit Union 36 Month CD

2.85%

Synchrony Bank 36 Month CD

on Synchrony Bank’s secure website

Member FDIC

3.00%

CD Rates

Vibe Credit Union 60 Month CD

3.10%

Synchrony Bank 60 Month CD

on Synchrony Bank’s secure website

Member FDIC

Vibe Credit Union checking account options

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How Vibe Credit Union’s checking accounts compare

If you’re after a top-notch online banking account, you should make sure it has no monthly fees, a strong online banking platform, offers the ability to earn interest, has no ATM fees and possibly refunds outside fees.

While Vibe Credit Union’s checking account can check off most of those boxes, its rates simply don’t come close to those on our list of the best checking accounts out there. In fact, its rates are practically next to nothing. Consider one of the accounts on our list instead.

Vibe Credit Union savings account options

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How Vibe Credit Union’s savings accounts compare

Not surprisingly, Vibe Credit Union’s savings account rates don’t compare to the best online savings accounts available. Since the opening and monthly maintenance requirements are pretty minimal on the Membership Savings account, it won’t hurt you to have it — that’s good news, since it’s required for membership to Vibe Credit Union. However, we wouldn’t recommend seeking out Vibe Credit Union for these accounts alone.

Vibe Credit Union CD rates

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How Vibe Credit Union’s CD rates compare

As mentioned above, Vibe Credit Union’s CD rates just don’t stack up against the competition, even if their requirements are fairly standard in comparison. We recommend considering one of the CDs on our list of the best CD rates to get the most bang for your buck on your funds.

Vibe Credit Union money market account options

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How Vibe Credit Union’s money market accounts compare

Like a large majority of money market accounts out there, Vibe Credit Union’s offerings come with pretty dismal rates and high balance requirements to earn the highest ones. We recommend seeking out better rates from other institutions, such as one of the many on our list of the best money market rates and accounts.

Vibe Credit Union IRA options

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How Vibe Credit Union’s IRA CD rates compare

Just like with the regular CDs, the rates on the credit union’s IRA CDs are not really anything to write home about.

When you’re saving for your retirement, you especially want to make sure you have the best opportunity to grow your funds. That’s why we urge you to do your research to find the best product out there, such as one of the many options on our list of the best IRA CD rates.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Emilia Benton

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Source: https://www.magnifymoney.com/blog/reviews/vibe-credit-union/

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