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On This Page
- At a glance
- Overall
- Security Service Federal Credit Union products
- Bank fees
- Customer experience
- About Security Service Federal Credit Union
- How How Security Service Federal Credit Union compares to other financial institutions compares to other banks
- Review Methodology
At a glance
3.9
Rating: 3.9 stars out of 5
Bankrate Score
CDs
Rating: 4.9 stars out of 5
Checking
Rating: 4.4 stars out of 5
Savings
Rating: 2.6 stars out of 5
MMA
Rating: 2.4 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
About Bankrate Score
Overview
Security Service Federal Credit Union (SSFCU) is best for those looking to open a free or an interest-bearing checking account and who live or have certain affiliations in Colorado, Texas or Utah, or have a connection to a military base where the credit union operates.
Highlights
- Low Min Deposit
Sponsored offers
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
About our Sponsored Offers
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Member FDIC
Savings Account
4.25
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/3/2024
Rating: 4.4 stars out of 5
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
Promoted offer:
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/3/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Checking Account
0.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/3/2024
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min. balance for APY
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of9/3/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Member FDIC
Savings Account
4.4
Rating: 4.4 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
4.25
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/3/2024
$0
Min. balance for APY
Promoted offer
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/3/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Member FDIC
Checking Account
4.9
Rating: 4.9 stars out of 5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Score
0.50
%
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
as of 9/3/2024
$0
Min. balance for APY
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of9/3/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Want to see more rates?
Take a look at our list of other banks that may be offering the rate you're looking for.
Overall
Security Service Federal Credit Union’s many deposit account offerings include a free checking account as well as an interest-bearing one that comes with built-in identity theft protection. The credit union also offers several share certificate terms that earn yields above national averages. However, the other savings and money market accounts are mediocre in terms of APYs. Minimum deposit requirements are low or nonexistent for most accounts.
Pros
SSFCU offers both free and interest-bearing checking accounts.
Most accounts have low or no minimum balance requirements.
Members have access to 30,000 fee-free ATMs and 5,000 shared branches.
Cons
Better rates can be found for savings, share certificates and money market accounts elsewhere.
Membership is limited to those who live or have certain affiliations in Colorado, Texas or Utah or who have a connection to select military bases.
SSFCU charges an above-average overdraft fee.
We want to know what you think about Security Service Federal Credit Union
Do you have experience with SSFCU? Let us know your thoughts.
Security Service Federal Credit Union banking products
2.6
/5
Rating: 2.6 stars out of 5
See methodologyCompare savings rates
SCORE BREAKDOWN
APY offering:
0.05%
Rating: 1 stars out of 5
1/5
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.
Minimum balance for APY:
$5.00
Rating: 5 stars out of 5
5/5
The lowest deposit amount an account must have before it can earn interest.
Monthly service fee:
$3.00
Rating: 3 stars out of 5
3/5
A monthly charge a financial institution deducts from an account if certain requirements are not met.
Minimum balance to avoid fee:
$100.00
Rating: 5 stars out of 5
5/5
The lowest balance an account must maintain in order to avoid a fee.
Access to funds:
Great
Rating: 5 stars out of 5
5/5
A procedure that allows an individual or organization to access and manage the funds of another account holder.
FEATURES
0.05% APY
APY last updated between 8/27 and 9/2.
$5 minimum balance for APY
$5 minimum deposit to open
Security Service Federal Credit Union savings overview
Having a share savings account and at least $5 in it is required to maintain membership with SSFCU. There is no monthly service fee for the savings accounts.
The APY earned on the Basic Savings account is below average. While most types of transactions against the account are limited to six per month, members are allowed to make unlimited withdrawals from the account through an ATM.
Pros
Only $5 is needed to open a savings account.
There’s no monthly service fee.
Members can make unlimited ATM withdrawals.
Cons
The APY is meager.
-
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
Security Service Federal Credit Union
APY
APY last updated between 8/27 and 9/2.
APY
APY last updated between 8/27 and 9/2.
National average APY
How do we get this data?
Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
Security Service Federal Credit Union savings rates
Date
Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.
Security Service Federal Credit Union
APY
APY last updated between 8/27 and 9/2.
APY
APY last updated between 8/27 and 9/2
National average APY
The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
Savings Account
4.25
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/3/2024
Rating: 4.4 stars out of 5
Bankrate Savings rating = 4.4/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
Min balance for APY
American Express
Member FDIC
Savings Account Details
4.25
%
APY
$0
Min balance for APY
Offer rate as of9/3/2024
Interest rate4.16%
Minimum to avoid fees$0
Monthly fees$0
Check writingNo
Promoted offer:
4.9
Rating: 4.9 stars out of 5
Bankrate Score
Compare top CD rates
FEATURES
1.40% – 3.90% APY
APY last updated between 8/27 and 9/2.
$500 minimum balance for APY
$500 minimum deposit to open
3 months – 5 years
Security Service Federal Credit Union CD overview
SSFCU offers many share certificate terms, ranging from three months to seven years. APYs are tiered, increasing incrementally at each of the following minimum deposit requirements: $250, $500, $25,000, $50,000 and $100,000. All yields are above national averages.
Pros
Many term options are available.
Only $250 is required to open a one-year certificate, though at least $500 is needed for most terms.
Members get rewarded with a better APY both for opening a longer term and for depositing a higher balance.
Cons
Higher rates can be found elsewhere.
-
See how rates for this account have changed over time. Select the CD term length from the dropdown and interact with the trend lines to view APY by date.
Security Service Federal Credit Union
APY
APY last updated between 8/27 and 9/2.
APY
APY last updated between 8/27 and 9/2.
National average APY
How do we get this data?
Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.
Security Service Federal Credit Union CD rates
Date
Bankrate gathers rate data either directly from our partners, or through our proprietary rate surveying service. The rate change date is based on when Bankrate received or captured the rate change and may differ from the actual date the rate changed.
Security Service Federal Credit Union
APY
APY last updated between 8/27 and 9/2.
APY
APY last updated between 8/27 and 9/2
National average APY
The “national average” is determined by Bankrate’s comprehensive national survey of savings accounts and CDs and reflects the monthly average APY for each product.
2.4
Rating: 2.4 stars out of 5
Bankrate Score
Compare top money market rates
Security Service Federal Credit Union money market overview
SSFCU’s Money Market account requires $1,000 to open, and at least $1,000 is needed in the account to waive the $10 monthly service fee.
The account allows for six free check withdrawals and ACH transfers per month, but it does not come with a debit card. It earns interest at tiered rates, with the highest possible rate offered on balances of over $250,000. But even the highest APY isn’t competitive.
Pros
The account includes check-writing privileges.
Cons
There’s a $10 monthly fee for balances below $1,000.
The account doesn’t come with a debit or ATM card.
Much higher APYs on money market accounts can be found at other financial institutions.
4.4
Rating: 4.4 stars out of 5
Bankrate Score
Compare top checking rates
Security Service Federal Credit Union checking overview
SSCFU’s Power Checking account doesn’t require a set minimum opening deposit or charge a monthly service fee. Account holders have fee-free access to more than 30,000 ATMs in the Co-op network, and you can personalize your debit card by adding a photo.
Power Checking account fees include a $5 monthly fee for those who elect to receive paper statements, as well as a $10 monthly inactivity fee after there have been no monetary transactions for 12 months and the balance is below $50. A $25 fee is assessed for closing the account within 90 days of opening it.
SSCFU’s Power Protected Checking account is a unique checking account that comes with built-in comprehensive identity theft protection. It costs $6 a month, which is waived with a monthly account balance of $50,000 or more. The account is also interest-bearing. Interest rates are tiered, though all balances earn at least a bit of interest.
Pros
The Power Checking account charges no minimum opening deposit and doesn’t charge service fees.
Account holders have access to more than 30,000 fee-free ATMs nationwide.
The debit card can be personalized with a photo.
The Power Protected checking account earns some interest, and it comes with identity theft protection.
Cons
The Power Checking account charges a monthly fee to those who choose paper statements.
Both checking accounts charge fees after five months of inactivity, as well as a fee if the accounts are closed within 90 days of being opened.
Compare Offer
Sponsored Offer
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.
Member FDIC
Checking Account
0.50
%
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY
APY, or annual percentage yield, is the yearly return on a bank or investment account.
As of 9/3/2024
Rating: 4.9 stars out of 5
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
$0
To open
$0
To avoid fees
SoFi
Member FDIC
Checking Account Details
0.50
%
APY
$0
To open
$0
To avoid fees
Offer rate as of9/3/2024
Minimum to avoid fees$0
Monthly fees$0
Overdraft/NSF fees$0
Out of network ATM fee$0
Has online accessYes
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $32.50 |
| Non-sufficient funds fee | $32.50 |
| Monthly maintenance fees | $0 |
| Out-of-network ATM fee | $1.50 |
| Excessive transaction fee | $10 |
Customer experience
Members can connect with Security Service Federal Credit Union through its secure online messaging system, over the phone or by making an in-branch appointment. Its customer service hours are 7 a.m. to 10 p.m. CT on weekdays and 9 a.m. to 6 p.m. CT on Saturdays.
The credit union’s website also comes with a 24/7 virtual assistant, Ava, which can help with mobile banking, account information, finding an ATM or branch location and more.
Members can take free online courses (called “playlists”) on various financial topics, from preventing overdrafts to preparing for retirement.
Digital experience
SSFCU’s mobile app allows members to deposit checks, receive account activity alerts and schedule appointments with customer service. The app receives subpar reviews on Google Play and the Apple app store.
About Security Service Federal Credit Union
Security Service Federal Credit Union was originally established in 1957 on a military base in San Antonio, Texas, serving local members of the U.S. Air Force Security Service Command. Though it has since opened branches outside of military bases, the credit union continues to offer many of its services to those living on military bases. It has also expanded ways to be eligible for membership, which include living in states with a branch or being a member of certain military branches or units.
SSFCU operates 70 branches in Colorado, Texas and Utah, and members also have access to 5,000 branches through a shared network. It’s also part of the Co-op ATM network, letting members use nearly 30,000 ATMs nationwide. In addition to its deposit products, SSFCU also offers free courses on various financial topics.
How Security Service Federal Credit Union compares to other financial institutions
SSFCU and Pentagon Federal Credit Union, also known as PenFed, are both credit unions that serve members of the armed forces. PenFed membership is open to anyone, however, while to join SSFCU you’ll need to reside or have certain affiliations in Colorado, Texas or Utah or have a connection to a military base where the credit union operates.
Both credit unions offer competitive yields on some accounts, although PenFed offers an online savings account that earns a much higher yield than SSFCU’s savings account. Both SSFCU and PenFed offer checking accounts with no minimum deposit requirement or monthly fee, and both offer interest-bearing checking accounts with tiered rates.
Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
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