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Associated Bank Review: Checking, Savings, CD and Money Market Accounts

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Associated Bank’s checking account options

Associated Checking

The bank’s basic, non-interest bearing checking account.
  • Minimum opening deposit: $100
  • Monthly account maintenance fee: $11; can be waived (see below)
  • ATM fee: None on Associated Bank and MoneyPass ATMs; various fees for withdrawals and balance inquiries on out-of-network ATMs
  • ATM fee refund: None
  • Overdraft fee: $35

This account does not have the ability to earn interest. It is, however, fairly easy to avoid its monthly fee; you can do so by having direct deposits of at least $500 total per statement cycle, maintaining a $1,000 minimum daily balance, maintaining a combined balance of at least $2,500 in your deposit accounts within the same statement cycle (or have an HSA or investment account) or if you’re under the age of 24 and opt for eStatements instead of paper. This account also offers cash back rewards with certain purchases, mobile and online banking and bill pay services and a free debit Mastercard. Lastly, since the bank charges account holders various fees for using out-of-network ATMs, you may want to contact customer service to clarify what they are if this is a concern.

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on Associated Bank, NA’s secure website

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Elite Checking

This account allows you to earn interest on high balances.
Minimum Balance to Earn APYAPY (Standard)APY (Preferred)
$0.01N/A0.01%
$25,000N/A0.06%
$250,000N/A0.10%
  • Minimum opening deposit: $100
  • Monthly account maintenance fee: $25; can be waived if you maintain a combined balance of $10,000 in deposit accounts within the same statement cycle, or have either an HSA or investment account
  • ATM fee: None on Associated Bank and MoneyPass ATMs; various fees for withdrawals and balance inquiries on out-of-network ATMs
  • ATM fee refund: None
  • Overdraft fee: $35

This account allows holders to earn interest on balances of at least $10,000 — however, you’ll have to contact the bank to find out what standard rates are available in your area. This account also comes with mobile and online banking and bill pay services, a free debit Mastercard, free personal and traveler’s checks and cash back rewards on certain purchases.

How to get Associated Bank’s checking accounts

Both of Associated Bank’s checking accounts can be opened online or in person. To do so, you’ll need to be prepared to provide your Social Security number and a government-issued I.D. (e.g. a driver’s license, state I.D. or passport). Account holders under age 18 must have a parent open the account with them as a joint owner.

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on Associated Bank, NA’s secure website

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How Associated Bank’s checking accounts compare

At first glance, these two accounts don’t beat out those on our list of the best online checking accounts. For starters, one doesn’t earn interest, while the other doesn’t even have its rate readily available — and both have pretty high monthly fees. Neither of these accounts make it particularly easy to avoid the fees, as even $1,000 might be challenging for some people to maintain on the basic checking account. It’s difficult to compare the Elite Checking account to those on our list without knowing the rate you’ll be getting, but the high balance needed to earn it might be a drawback to some.

Associated Bank’s savings account options

Associated Savings

A basic savings account earning a small amount of interest.
Minimum Balance to Earn APYAPY (Standard)APY (Preferred)
$0.010.03%0.05%
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: $5; can be waived (see below)
  • ATM fee: None on Associated Bank and MoneyPass ATMs; various fees for withdrawals and balance inquiries on out-of-network ATMs
  • ATM fee refund: None
  • Overdraft fee: $35

The monthly fee on this account can be waived with a $300 minimum daily balance or at least $25 per month in recurring direct deposits or online banking transfers, or if you are under age 18. This account also comes with free online banking services. Additionally, since the bank charges various fees for using out-of-network ATMs, you may want to contact customer service to clarify what they are if this could be an issue. As a savings account, this one is subject to Federal Reserve Regulation D, which limits certain types of withdrawals and transfers to six per month.

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on Associated Bank, NA’s secure website

Member FDIC

Zero Interest Savings

As the name suggests, this account earns absolutely no interest.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: $5; can be waived (see below)
  • ATM fee: None on Associated Bank and MoneyPass ATMs; various fees for withdrawals and balance inquiries on out-of-network ATMs
  • ATM fee refund: None
  • Overdraft fee: $35

This account has a lot of the same requirements as the bank’s other savings account, though it earns absolutely no interest. Its monthly fee can be waived with a minimum daily balance of $300 or at least $25 per month in recurring direct deposits or online banking transfers, or if you are under age 18. As with the bank’s other accounts, Associated Bank charges various ATM fees when you use an out-of-network ATM, so you may want to contact the bank to clarify what they are before using one. As with all savings accounts, this one is subject to Federal Reserve Regulation D, which allows certain types of limits withdrawals and transfers to six per month.

How to get Associated Bank’s savings accounts

Both of the bank’s savings accounts can be opened online or in person. To do so, you’ll need to provide your government-issued ID and Social Security number. Account holders under age 18 must have a parent open the account with them as a joint owner.

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on Associated Bank, NA’s secure website

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How Associated Bank’s savings accounts compare

Based on interest rates alone, Associated Bank’s savings accounts lose hard to those on our list of the best online savings accounts. Not only that, but these two bare-bones accounts don’t offer anything in the way of perks and additional services. Plus, the only difference between the two accounts appears to be the fact that you can earn interest (albeit a very small amount) on the Associated Savings account, so we don’t know why anyone would opt for the Zero Interest Savings, given the choice. Do yourself a favor and shop around, or consider one of the accounts on our list instead.

Associated Bank’s CD rates

Regular Term CDs

The bank’s standard CDs, requiring a $1,000 opening deposit in exchange for pretty dismal rates.
TermAPY (Standard)APY (Preferred)
3 months0.10%0.10%
6 months0.10%0.10%
9 months0.10%0.10%
12 months0.10%0.15%
18 months0.10%0.26%
24 months0.10%0.28%
30 months0.10%0.30%
36 months0.10%0.35%
48 months0.15%0.40%
60 months0.35%0.60%
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: For terms less than 12 months, it’s 90 days’ worth of interest; for terms greater than or equal to 12 months but less than 24 months, it’s 181 days’ worth of interest; for terms greater than or equal to 24 months but less than 36 months, it’s 270 days’ worth of interest; for terms 36 months and longer, it’s 365 days’ worth of interest
The bank’s regular CDs are available in a wide range of terms with a relatively low deposit requirement. Interest is compounded at maturity quarterly, and you can choose to have it transferred to another Associated Bank account or issued by check if your CD balance is $5,000 or more. CD holders have 10 calendar days after maturity to withdraw their funds without penalty; otherwise, the CD term will be automatically renewed.

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on Associated Bank, NA’s secure website

Member FDIC

Fixed-Rate Add-On CDs

This CD is meant to give you a bit more flexibility.
TermAPY (Standard)APY (Preferred)
12 months0.10%0.15%
  • Minimum opening deposit: $100
  • Minimum balance amount to earn APY: $100
  • Early withdrawal penalty: 181 days’ worth of interest
This fixed-rate CD requires a lower minimum deposit compared to the bank’s other offerings, and comes with the flexibility of making additional deposits throughout your term. Interest is compounded at maturity quarterly, and you can choose to have it transferred to another Associated Bank account or issued by check if your CD balance is $5,000 or more. CD holders have 10 calendar days after maturity to withdraw their funds without penalty. Otherwise, the CD term will be automatically renewed.

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on Associated Bank, NA’s secure website

Member FDIC

Special Term CDs

Promotional CDs with a $5,000 minimum opening deposit.
TermAPY (Standard)APY (Preferred)
7 monthsN/A1.55%
13 monthsN/A1.65%
26 monthsN/A1.45%
42 monthsN/A1.45%
61 monthsN/A1.45%
  • Minimum opening deposit: $5,000
  • Minimum balance amount to earn APY: $5,000
  • Early withdrawal penalty: For terms less than 12 months, it’s 90 days’ worth of interest; for terms greater than or equal to 12 months but less than 24 months, it’s 181 days’ worth of interest; for terms greater than or equal to 24 months but less than 36 months, it’s 270 days’ worth of interest; for terms 36 months and longer, it’s 365 days’ worth of interest

These CDs are available in term lengths of 7, 13, 26, 42 or 61 months; however, you’ll need to contact the bank to find out the rates for these promotional CDs. Interest is compounded at maturity quarterly, and you can choose to have it transferred to another Associated Bank account or issued by check if your CD balance is $5,000 or more. CD holders have 10 calendar days after maturity to withdraw their funds without penalty; otherwise, the CD term will be renewed as follows:

  • the 7 month CD will renew to a 6 month CD
  • the 13 month CD will renew to a 12 month CD
  • the 26 month will renew to a 24 month CD
  • the 42 month will renew to a 36 month CD
  • the 61 month will renew to a 60 month CD

How to get Associated Bank’s CDs

All of Associated Bank’s available CD accounts can be opened in person or online. To do so, you’ll need to be ready to provide your Social Security number and a government-issued ID.

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on Associated Bank, NA’s secure website

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How Associated Bank’s CD rates compare

Although Associated Bank’s CDs come with a good range of terms and deposit requirements, the rates just don’t stack up against those on our list of the best CD rates. Do your due diligence and shop around for the best product to get the biggest bang for your buck.

Associated Bank’s money market account option

Money Market account

The bank’s money market account offers a less-than-impressive rate.
Minimum Balance to Earn APYAPY (Preffered)APY (Standard)
$0.010.03%0.03%
$10,0000.05%0.05%
$25,0000.05%0.05%
$50,0000.05%0.05%
$150,0000.15%0.05%
$250,0000.35%0.05%
$1,000,0000.10%0.05%
  • Minimum opening deposit: $1,000
  • Minimum balance to earn APY: Varies; see table
  • Monthly account maintenance fee: $16; can be waived if minimum balance of $1,000 is maintained
  • ATM fee: None on Associated Bank and MoneyPass ATMs; various fees for withdrawals and balance inquiries on out-of-network ATMs
  • ATM fee refund: None
  • Overdraft fee: $35

This money market account has a pretty high monthly fee, but it can be avoided if you keep the balance at or above the minimum opening deposit. The account also comes with free online banking services, and interest is compounded monthly. Additionally, you may also have the chance to earn a higher rate if you combine this account with an Associated Bank checking account; you’ll have to talk to a bank representative to find out more information.

Since Associated Bank charges various fees for out-of-network ATM usage, you may want to contact customer service to find out what they are before using one. Plus, as a savings account, this one is subject to Federal Reserve Regulation D — allows certain types of withdrawals and transfers up to six per month.

How to get Associated Bank’s money market account

Customers can open Associated Bank’s money market account in person or online. You’ll need to have your Social Security number and government-issued ID on hand to do so.

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on Associated Bank, NA’s secure website

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How Associated Bank’s money market account compares

There are many money market accounts that offer pretty mediocre rates when compared to the competition — and this one is no exception. Not only that, but it doesn’t really come with any perks or features. Consider one of the accounts on our list of the best money market rates instead.

Overall review of Associated Bank’s banking products

Not surprisingly, between sub-par rates and fees aplenty, we wouldn’t rate any of Associated Bank’s personal accounts as must-have products. Take the time to shop around for an account that will earn you a decent interest rate, will let you easily avoid fees, and possibly offer other perks.

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
Emilia Benton |

Emilia Benton is a writer at MagnifyMoney. You can email Emilia here

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Reviews

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

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

American Southwest Credit Union’s checking account options

Classic Checking

A free, noninterest-bearing checking account.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: None
  • ATM fee: None on American Southwest Credit Union and Allpoint network ATMs
  • ATM fee refund: None
  • Overdraft fee: None on amounts of $10 or less; $25 on amounts from $10.01 to $100; $28 on amounts of $100.01 or more

This no-frills, fee-free checking account does not earn interest. While there aren’t any true bonuses or perks that come with this account, that convenience alone might be enough to customers looking for a headache-free way to manage their money. This account also offers low-cost duplicate checks, a Visa® debit card, overdraft protection from your savings account and for checks, Automated Clearing House (ACH) transfers and recurring debit card transactions, and free online banking and bill pay.

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on American Southwest Credit Union’s secure website

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Prestige Checking

Another noninterest-earning checking account with slightly stricter requirements.
  • Minimum opening deposit: None
  • Monthly account maintenance fee: $10 (this can be waived)
  • ATM fee: None on American Southwest Credit Union and Allpoint network ATMs
  • ATM fee refund: None
  • Overdraft fee: None on amounts of $10 or less; $25 on amounts from $10.01 to $100; $28 on amounts of $100.01 or more

Despite what its name suggests, this checking account doesn’t offer much more than the basic checking account, except for a $10 monthly fee and a somewhat high $2,000 balance requirement to be able to waive it. This account also doesn’t earn interest, minimizing its appeal. But it does offer free credit union checks, a Visa® debit card, overdraft protection from your savings account and for checks, ACH transfers and recurring debit card transactions, and free online banking and bill pay.

How to get American Southwest Credit Union’s checking accounts

If you meet the requirements to become a member and open a Share Savings account with a minimum deposit of $5, you can open either of American Southwest Credit Union’s checking accounts online. To do so, you’ll need to provide your Social Security number and a form of government-issued ID, such as a driver’s license.

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on American Southwest Credit Union’s secure website

NCUA Insured

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How American Southwest Credit Union’s checking accounts compare

As we mention in our roundup of the best online checking accounts, the best products will earn interest, as well as have no account and ATM fees and a user-friendly online interface. These two checking accounts win on a couple of these fronts, but not enough to make them must-have accounts. We say consider one of the accounts on our list to be able to earn interest on your funds without any added hassle.

American Southwest Credit Union’s savings account options

Share Savings

This account is required to become a member of American Southwest Credit Union.
APYMinimum Balance to Earn APY
0.10%
$50
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $50
  • Monthly account maintenance fee: None
  • ATM fee: None on American Southwest Credit Union or Allpoint network ATMs
  • ATM fee refund: None
  • Overdraft fee: None on amounts of $10 or less; $25 on amounts from $10.01 to $100; $28 on amounts of $100.01 or more

This account is a requirement for anyone interested in joining American Southwest Credit Union and wanting to open any other personal banking products. It earns a very small amount of interest on amounts over $50. It also comes with a Visa® debit card and online banking. As a savings account, it is subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers up to six a month.

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on American Southwest Credit Union’s secure website

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Savings Safari Club for Young Savers

A simple savings account for children younger than 13.
  • Minimum opening deposit: None
  • Minimum balance to earn APY: N/A
  • Monthly account maintenance fee: None
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This account is designed to help kids learn how to save. It doesn’t earn interest, nor does it have ATM access. Account holders will receive a special gift when they open the account and have the chance to win a $10 deposit to their account every month. As a savings account, it’s subject to Federal Reserve Regulation D, which limits certain withdrawals up to six a month. A parent or guardian must be an existing American Southwest Credit Union member for a child to open this account. Once the account holder turns 13, this account will turn into a regular Share Savings account.

How to get American Southwest Credit Union’s savings accounts

If you qualify to be a member of American Southwest Credit Union, you’ll have to open the Share Savings account with a minimum deposit of $5 before opening any other products. You’ll need your Social Security number and a valid form of ID to do so. To open the Safari Club account, you’ll need to visit the credit union to open it with a parent or legal guardian.

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on American Southwest Credit Union’s secure website

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How American Southwest Credit Union’s savings accounts compare

Although American Southwest Credit Union’s Share Savings account earns dividends, it’s not competitive compared to those on our list of the best online savings accounts. Sure, it has a very low deposit requirement and no monthly fees, but it offers virtually nothing in the way of additional perks. If you’re not ultimately after one of the credit union’s other products that require you to open this account, we wouldn’t recommend seeking this account alone. The Safari Club is a nice bonus for parents who are members and want to teach their kids about savings, but it also isn’t a must or a reason to seek out American Southwest Credit Union specifically.

American Southwest Credit Union’s CD rates

Term Share Certificates

CDs offering two tier levels with mediocre rates.
TermAPY
6 months1.35% with a minimum deposit of $500; 1.55% with a minimum deposit of $10,000
12 months1.50% with a minimum deposit of $500; 1.75% with a minimum deposit of $10,000
18 months1.55% with a minimum deposit of $500; 1.80% with a minimum deposit of $10,000
24 months1.70% with a minimum deposit of $500; 1.85% with a minimum deposit of $10,000
30 months1.90% with a minimum deposit of $500; 2.10% with a minimum deposit of $10,000
36 months2.05% with a minimum deposit of $500; 2.25% with a minimum deposit of $10,000
48 months2.10% with a minimum deposit of $500; 2.30% with a minimum deposit of $10,000
60 months2.35% with a minimum deposit of $500; 2.35% with a minimum deposit of $10,000
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: Varies; see table
  • Early withdrawal penalty: It depends on how long the certificate has been opened and the amount that it’s worth. Contact American Southwest Credit Union for specific details.

Aside from the second tier having a high minimum deposit requirement, these are run-of-the-mill CDs. They come in term options ranging from six months to five years, with no monthly service charges and the ability to have their monthly dividends compounded or transferred to one of your share accounts with the credit union.

There is a potential added perk in that American Southwest Credit Union offers the opportunity for relationship pricing, in which you can earn an additional 0.05% APY if you have a checking account with the credit union and have a direct deposit or otherwise regularly recurring deposit set up with it. A credit union representative can provide more information on this potential perk.

How to get American Southwest Credit Union’s CDs

As with American Southwest Credit Union’s other personal accounts, these CDs can be opened online once you’ve verified that you qualify to become a member and open your Share Savings account. You’ll need to be sure you have your Social Security number and government-issued ID on hand to do so.

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on American Southwest Credit Union’s secure website

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How American Southwest Credit Union’s CD rates compare

Despite American Southwest Credit Union boasting of offering competitive rates on its certificates, these CD rates don’t stack up against those on our list of the best CD rates. Not only that, but the minimum deposit amount on the higher tier is astronomical compared to the rate it offers. We say give these CDs a hard pass and take the time to find something that will provide you with a bigger bang for your buck.

American Southwest Credit Union’s money market account option

Money Market

A basic, tiered account offering subpar rates.
APYMinimum Balance to Earn APY
1.05%
$2,000
1.15%
$20,000
1.20%
$50,000
1.30%
$100,000
  • Minimum opening deposit: $2,000
  • Minimum balance to earn APY: $2,000
  • Monthly account maintenance fee: None
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This account allows you to earn interest at four tiers. Interest earned with this account comes only from credit union funds. As with all savings accounts, it’s subject to Federal Reserve Regulation D, which limits certain transfers and withdrawals up to six a month.

How to get American Southwest Credit Union’s Money Market account

After establishing membership and opening a Share Savings account, customers can open American Southwest Credit Union’s Money Market account online. You’ll need a valid government-issued ID such as a driver’s license and your Social Security number to do so.

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on American Southwest Credit Union’s secure website

NCUA Insured

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How American Southwest Credit Union’s money market account compares

Many banks and credit unions these days are offering very low rates on money market accounts, and American Southwest Credit Union is no exception. You can earn about double these rates on some of the accounts on our list of the best money market rates, with virtually the same or better requirements. We’d advise you to strongly consider one of those instead.

American Southwest Credit Union’s IRA options

IRA CD rates

IRA Term Share Certificates

The credit unions CDs, available to open within an IRA.
TermAPY
6 months1.35% with a minimum deposit of $500; 1.55% with a minimum deposit of $10,000
12 months1.50% with a minimum deposit of $500; 1.75% with a minimum deposit of $10,000
18 months1.55% with a minimum deposit of $500; 1.80% with a minimum deposit of $10,000
24 months1.70% with a minimum deposit of $500; 1.85% with a minimum deposit of $10,000
30 months1.90% with a minimum deposit of $500; 2.10% with a minimum deposit of $10,000
36 months2.05% with a minimum deposit of $500; 2.25% with a minimum deposit of $10,000
48 months2.10% with a minimum deposit of $500; 2.30% with a minimum deposit of $10,000
60 months2.35% with a minimum deposit of $500; 2.55% with a minimum deposit of $10,000
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: Varies; see table
  • Early withdrawal penalty: It depends on how long the certificate has been opened and the amount that it’s worth. Contact American Southwest Credit Union for specific details.

These are virtually the same as the Term Share Certificates, just with the ability to open within an IRA. They come in term options ranging from six months to five years, with no monthly service charges and the ability to have their monthly dividends compounded or transferred to one of your share accounts with the credit union. But one bonus is that American Southwest Credit Union offers the opportunity for relationship pricing, in which you can earn an additional 0.05% APY if you have a checking account with the credit union and have a direct deposit or otherwise regularly recurring deposit set up with it. A credit union representative can provide more information on this potential perk.

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on American Southwest Credit Union’s secure website

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How American Southwest Credit Union’s IRA CD rates compare

As with the regular certificates, the rates on American Southwest Credit Union’s IRA CDs don’t compare to those on our list of the best IRA CD rates, even with the potential bonus. When you’re saving for retirement, you want to make sure you’re giving your funds the best possible opportunity to grow. We urge you to do your research to find the best IRA product, which could include one on our list.

Regular IRA Shares

This account can be opened as a traditional or Roth IRA.
APYMinimum Balance to Earn APY
0.70%
$50
    Minimum opening deposit: $5

  • Minimum balance to earn APY: $50
  • Annual account maintenance fee: $10
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This is a basic IRA savings account, which can be opened as a traditional or Roth IRA. It also allows you to earn a bit of interest on all amounts over $50. While it doesn’t have a monthly maintenance fee, there is a $10 annual fee on this account. Like with all savings accounts, this IRA is subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers up to six a month.

How to get American Southwest Credit Union’s IRA products

Just like with all of American Southwest Credit Union’s other personal products, you can open one of its IRAs online after becoming a member and opening a Share Savings account. You’ll need to be sure to have your government-issued ID and Social Security number ready to get started.

LEARN MORE Secured

on American Southwest Credit Union’s secure website

NCUA Insured

Overall review of American Southwest Credit Union’s banking products

Not surprisingly, none of American Southwest Credit Union’s personal banking products is a standout. While any associated fees and requirements are on the low end, the rates don’t come close to many of the better offerings out there. If you’re on the hunt for a product that will help you to grow your funds, take the time to do your research to find the best one to suit your needs. It likely isn’t one offered at American Southwest Credit Union.

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
Emilia Benton |

Emilia Benton is a writer at MagnifyMoney. You can email Emilia here

Advertiser Disclosure

Reviews

Hancock Whitney Bank Review: Checking, Savings, CD, Money Market and IRA Accounts

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Hancock Whitney Bank’s history dates back to the 1800s, when Hancock Bank offered banking solutions to residents of Mississippi involved in the areas of agriculture, seafood, timber and tourism. Meanwhile, Whitney Bank served those in New Orleans’ cotton industry. Both of these banks saw significant growth over the next 100 years or so. In December 2010, they joined forces to become Hancock Whitney Bank.

Today, Hancock Whitney Bank has locations in Alabama, Florida, Louisiana, Mississippi, Tennessee and Texas. It offers checking, savings, CD, money market and IRA accounts. Rates vary by region, however, and you’ll need to contact a branch in your area to learn more. Read on to learn if one of these products could be the one for you, and how they stack up against the competition.

Hancock Whitney Bank’s checking account options

Access Checking

A simple checking account with minimal fees and requirements.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $10 (can be waived; details below)
  • ATM fee: None from Hancock Whitney Bank ATMs
  • ATM fee refund: None
  • Overdraft fee: $36; waived on items that are $5 or less

This account cannot earn interest. While it does have a monthly maintenance fee, it is easily waivable by meeting one of the following requirements:

  • Maintaining a $250 minimum daily balance
  • Receiving a direct deposit of $250 or more to your account
  • Being younger than 24 or 64 and older
  • Making a minimum opening deposit of $50

This account also offers online banking, mobile banking and check deposit, as well as free online statements.

LEARN MORE Secured

on Hancock Whitney’s secure website

Member FDIC

Connect Checking

This account takes things a step up with premium security benefits.
  • Minimum opening deposit: $50
  • Monthly account maintenance fee: $12 (can be waived; details below)
  • ATM fee: None from Hancock Whitney Bank ATMs
  • ATM fee refund: None
  • Overdraft fee: $36; waived on items that are $5 or less

Like the Access Checking account, this checking account cannot earn interest. Additionally, its minimum balance requirement to waive the monthly maintenance fee is a bit steeper at $1,500. You can also waive the monthly fee if you have $5,000 in combined deposits, consumer loans or credit card balances.

But what makes this account stand out is that it comes with identity and credit monitoring, as well as identity fraud recovery services so that you’re notified and reimbursed quickly should any suspicious activity occur.

This account also comes with cellphone protection. If you set up auto-pay for your monthly cellphone bill with your Visa debit card, you’ll qualify for up to $250 in coverage if your phone is stolen or damaged.

This account also offers online banking, mobile banking and check deposit, as well as free online statements.

LEARN MORE Secured

on Hancock Whitney’s secure website

Member FDIC

Priority Checking

This is Hancock Whitney Bank’s only interest-earning checking account.
  • Minimum opening deposit: $100
  • Monthly account maintenance fee: $21 (can be waived; details below)
  • ATM fee: None from Hancock Whitney Bank ATMs
  • ATM fee refund: Unlimited refunds at all domestic and international ATMs
  • Overdraft fee: $36; waived on items that are $5 or less

This account is Hancock Whitney Bank’s only interest-bearing checking option. The rates are not published on the bank’s website, so check with Hancock Whitney Bank for the latest rates.

It comes with the same security benefits as the Connect Checking account. But its minimum requirements to waive the monthly fee are pretty steep. You can do so by:

  • Maintaining a $10,000 minimum daily balance
  • Having $25,000 in combined deposits (excluding CDs and IRAs), outstanding consumer loans (excluding mortgages) or credit card balances
  • Maintaining $250,000 or more in a trust account or an account with Hancock or Whitney Investment Services Inc. (excluding annuities)

This account comes with free checks and offers a 25% discount on a safe deposit box. Another nice perk is that it refunds all ATM charges domestically and internationally.

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How to get Hancock Whitney Bank’s checking accounts

You can open Hancock Whitney Bank’s Access Checking and Connect Checking accounts online or at a branch. The Priority Checking account must be opened at a branch.To open any of these accounts, you’ll need personal information such your Social Security and driver’s license numbers. You’ll also need to be at least 18 and provide an existing bank account and routing number to fund your new account.

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How Hancock Whitney Bank’s checking accounts compare

While Hancock Whitney Bank’s more basic checking accounts — Access Checking and Connect Checking — come with monthly fees, they’re fairly easy to avoid. The Priority Checking account comes with a variety of extra perks, but the high minimum balance requirement to avoid the $21 monthly fee might not be enough to make that worth it if that’s not an easy task for you.

The Priority Checking account is the only one that earns interest, but you’ll have to contact a branch to determine how much. With that information, you can see if this or its other checking accounts stack up to those on our list of the best online checking accounts.

Hancock Whitney Bank’s savings account options

Silver Savings

A basic interest-earning savings account.
  • Minimum opening deposit: $100
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: $3 (can be waived; details below)
  • ATM fee: None at Hancock Whitney Bank ATMs; outside banks may charge additional fees.
  • ATM fee refund: None
  • Overdraft fee: $36; waived on items that are $5 or less

This interest-earning savings account has a much lower monthly fee than any of Hancock Whitney Bank’s checking products — and it’s easier to avoid. You can waive the monthly fee if you maintain a minimum daily balance of $200 or you’re younger than 18 or 65 and older. Another option to eliminate this fee is to link the account to a Priority or Connect Checking account. Contact the bank for rate information.

As with all savings accounts, it’s subject to Federal Reserve Regulation D, which normally limits certain withdrawals up to six per month. This account is a little stricter, limiting free withdrawals to three per month. You’ll pay $3 for each extra withdrawal.

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Christmas Club Savings

A savings account to sock away cash for the holiday season.
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: 1 cent
  • Monthly account maintenance fee: None
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

This allows account holders to easily set aside funds for holiday expenses. There is no minimum balance to earn interest on this account, though you’ll have to contact Hancock Whitney Bank to find out the rate. It also doesn’t provide ATM access, which makes it easier to avoid touching the funds you’ve set aside for a specific purpose. You can open this account anytime of the year and regularly transfer funds into it from your checking account.

In November, its funds will be deposited into your checking account. Keep in mind that a $10 closing fee will be charged if you close the account before it matures.

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How to get Hancock Whitney Bank’s savings accounts

Both of Hancock Whitney Bank’s savings accounts must be opened at a branch. You’ll need to be at least 18 years old and provide personal information such as your Social Security and driver’s license numbers, as well as an existing bank account and routing number to fund your new account.

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How Hancock Whitney Bank’s savings accounts compare

Both of these accounts have minimal fees and monthly balance requirements. Although they both can earn interest, you’ll have to contact a branch to determine how much. Once you have that information, you can compare the rates to those on our list of the best online savings accounts.

Hancock Whitney Bank’s CD rates

Certificates of Deposit

Standard CDs offered in terms from seven days to seven years, with a minimum deposit requirement of $1,000.
  • Minimum opening deposit: $1,000
  • Minimum balance amount to earn APY: $1,000
  • Early withdrawal penalty: For seven-day and 30-day terms, it’s all interest; for 90 days, it’s 30 days’ interest; for 365 days, it’s 90 days’ interest; for seven years, it’s 180 days’ interest. The interest penalty applies to the amount withdrawn.

Hancock Whitney Bank offers CDs in the following term lengths: Seven days, 30 days, 90 days, 365 days and seven years. Rates vary by location. Contact a branch to determine rates for your area.

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on Hancock Whitney’s secure website

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How to get Hancock Whitney Bank’s CDs

Hancock Whitney Bank’s CDs must be opened at a branch. To do so, you’ll need to provide personal information such as your Social Security and driver’s license numbers. You’ll also need to be at least 18 and provide an existing bank account and routing number to fund your CD.

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How Hancock Whitney Bank’s CD rates compare

Hancock Whitney’s CDs term lengths, deposit requirements and early withdrawal penalties are pretty standard as far as CDs go. But to truly compare them to the competition (such as those on our list of the best CD rates), you’ll need to find out the rates for your location. Contact a branch to do so.

Hancock Whitney Bank’s money market account options

Money Market

Your basic, run-of-the-mill money market account.
  • Minimum opening deposit: $2,500
  • Minimum balance to earn APY: $2,500
  • Monthly account maintenance fee: $10 (waived with minimum daily balance of $2,500)
  • ATM fee: None on Hancock Whitney Bank ATMs
  • ATM fee refund: None
  • Overdraft fee: $36; waived on items that are $5 or less

This account can earn interest, though the amount will vary by location. Contact bank for current interest rates.

It’s also subject to Federal Reserve Regulation D, which limits certain transfers and withdrawals up to six per month. Exceed this amount and you’ll pay a $15 fee per instance.

The monthly maintenance fee can be waived if you don’t let your balance fall below $2,500 (which is also the minimum needed to earn the APY offered in your area). You also will be charged $10 per month if your account drops below $2,500, which means you also won’t earn interest.

This account also comes with free online banking services.

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Priority Money Market

Another money market account with a very high requirement to earn the rate.
  • Minimum opening deposit: $100
  • Minimum balance to earn APY: $25,000
  • Monthly account maintenance fee: $25 (waived if you maintain a balance of $25,000)
  • ATM fee: None on Hancock Whitney Bank ATMs
  • ATM fee refund: None
  • Overdraft fee: $36; waived on items that are $5 or less

This account must be funded with new money that is not on deposit in another Hancock Whitney Bank account. But it has a very low opening deposit requirement for a money market account.

At the same time, it has an unusually high $25,000 requirement to earn the APY (which you’ll have to contact your local branch to obtain) and to waive the monthly fee of $25. As a bonus, you can earn higher rates if you have both the Priority Money Market and Priority Checking accounts.

As with Hancock Whitney Bank’s other accounts, it offers free mobile and online banking services. As a savings account, it’s subject to Federal Reserve Regulation D, which limits certain withdrawals and transactions up to six per month. After that, the fee is $15.

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on Hancock Whitney’s secure website

Member FDIC

How to get Hancock Whitney Bank’s money market accounts

You can open Hancock Whitney Bank’s money market accounts at a branch. You’ll need your Social Security and driver’s license numbers. You’ll also need to be at least 18 and provide an existing bank account and routing number to fund your new account.

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How Hancock Whitney Bank’s money market accounts compare

At first glance, Hancock Whitney’s Money Market account is pretty standard as far as requirements and fees go. We think it’s odd that the Priority Money Market option has such a low opening deposit and such a high balance requirement to earn the APY and to avoid the balance fee.

As with Hancock Whitney Bank’s other personal deposit accounts, you’ll have to contact a branch to find out the rates for your area. Once you have that information, be sure to compare them to those on our list of the best money market account rates to make sure you’re getting the best bang for your buck.

Hancock Whitney Bank’s IRA options

IRA CDs

Hancock Whitney Bank offers CDs opened within an IRA, as well as an IRA Savings account.

But rates, terms and penalties vary by region, so customers should contact a local branch to obtain this information. All IRA CDs will require a $1,000 minimum opening deposit. They also renew automatically at maturity.

Once you have the necessary details, you can compare Hancock Whitney Bank to our list of the best IRA CD rates to see if you might be better off with one of those accounts.

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on Hancock Whitney’s secure website

Member FDIC

How to get Hancock Whitney Bank’s IRA CDs

If you’re at least 18, you can open Hancock Whitney Bank’s IRA CDs at a branch. Be sure you come prepared with personal information such as your Social Security and driver’s license numbers, as well as an existing bank account and routing number to fund your new account.

Overall review of Hancock Whitney Bank’s banking products

While the fees and requirements on most of Hancock Whitney Bank’s products are minimal, it’s hard for us to compare the accounts to the top products on the market without rate information. So you do your homework and shop around after getting that information from a branch.

But the fact that you have to call or visit a branch to open any account other than the two basic checking accounts is a huge drawback if it’s one of the other products you were after.

If you don’t live near a branch, you may decide it’s not worth the effort to find that information before going to open it in person, because chances are there are much more competitive products available online.

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Emilia Benton
Emilia Benton |

Emilia Benton is a writer at MagnifyMoney. You can email Emilia here