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Turn your dreams into reality—faster. Whether you're building an emergency fund, saving for a down payment, or planning your next big adventure, our High Yield Online Savings account helps you reach your goals sooner.
You can open your account online in just a few minutes—whether you're relaxing at home or enjoying the South Florida sunshine. With this powerful savings option, you'll enjoy superior rates, access to online and mobile banking, and NCUA (National Credit Union Administration) insurance protection—all while your money works harder for you.
Power Financial Credit Union |
Bank of America Advantage Savings |
Chase Savings |
Wells Fargo Way2Save Savings |
|
|---|---|---|---|---|
| APY (Annual Percentage Yield) | 4.50% | 0.01% | 0.01% | 0.01% |
| Member-Owned | Yes | No | No | No |
| Overdraft Fee | $0 | $10 | $34 | $35 |
| Monthly Fee | $0 | $8 | $5 | $5 |
We’re all about putting your financial needs first, that’s why we designed our Power Savings account to help you grow your savings faster and on your terms.
Features include:
Break free from traditional banking—open a Power Financial Credit Union Power Savings account today!
It pays to open a high yield online savings account at Power Financial Credit Union—literally.
| Savings Account Type | Minimum Balance | Rate | Annual Percentage Yeild (APY) |
|---|---|---|---|
| Power Savings | $500 | 4.40% | 4.50% |
– Laura S., PFCU Mobile App Review on Google Play
Yes, to qualify for the higher interest rate, you must:
If you don't meet these requirements, you'll earn the non-qualifying APY of 0.05%. However, if you miss the qualifications in one month, you'll have the opportunity to qualify again the following month.
Please note: If you exceed 5 withdrawal transactions in a month, a $3 Excessive Transaction Fee will apply.
No, this is an online-only account, which means that all transactions regarding the account must be conducted remotely.
This account restrictions are:
You can make withdrawals through online transfers, outgoing wires, or Zelle®.
While there are plenty of options from other financial institutions out there, Power Financial Credit Union’s Power Savings account stands out from the rest. Our online-only high interest savings account lets you make your money work harder while enjoying the flexibility of banking on your terms from wherever you are.
What truly sets our account apart is our unwavering commitment to our members. As a member-first credit union, everything we do is designed with your financial success in mind. We're not just another bank—we're your financial partner.
Our dedication shows. From removing unnecessary fees to offering a comprehensive suite of financial products, we've been recognized as one of the Top Performing Credit Unions in the Nation by S&P Global Market Intelligence and voted the Best Credit Union in Miami for two consecutive years. This isn't just an award; it's a testament to our promise of putting you first.
The requirements to open an account will differ depending on the credit union. At Power Financial, you need to meet one of the following eligibility criteria.
You live, work, or go to school in the following counties:
If you’re an employee of one of the following companies, you can join Power Financial Credit Union and open a high yield savings account regardless of where you live:
Immediate family of current members is also eligible for membership in our credit union.
Once you confirm you meet the eligibility criteria, simply click here to open your account online.
Annual Percentage Yield (APY) is the percentage of interest you earn on a deposit account (like a savings account, money market account, or CD) over a year, including the effects of compounding interest. Unlike the interest rate, which only shows the base rate of earnings, APY reflects how often interest is compounded (daily, monthly, etc.), making it a more accurate measure of how much you'll actually earn.
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