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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%0.10%
  • 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%0.10%
18 months0.10%0.21%
24 months0.10%0.23%
30 months0.10%0.25%
36 months0.10%0.30%
48 months0.10%0.35%
60 months0.25%0.50%
  • 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/A1.50%
13 monthsN/A1.60%
26 monthsN/A1.40%
42 monthsN/A1.40%
61 monthsN/A1.40%
  • 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%
$150,0000.10%0.05%
$250,0000.30%0.05%
$1,000,0000.05%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

Pennsylvania State Employees 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.

Pennsylvania State Employees Credit Union checking account option

Checking account

The bank’s sole checking account, which earns a very small amount of interest.
APYMinimum Balance to Earn APY
0.10%$0.01
  • Minimum opening deposit: None
  • Monthly account maintenance fee: None
  • ATM fee: None on any ATMs within the CO-OP and CU$ Alliance networks, as well as ATMs at Sheetz, Rutter’s and Wawa locations
  • ATM fee refund: Up to $20 per month if enrolled in direct deposit; otherwise, up to $8 per month
  • Overdraft fee: $30

This checking account has the ability to earn a very small amount of interest on all balances. It also allows you to make as many withdrawals, payments and deposits as you’d like without penalty, in addition to offering digital banking services, free checks, overdraft protection, a Pennsylvania State Employees Credit Union debit card and the option for joint checking access.

How to get Pennsylvania State Employees Credit Union’s checking account

If you qualify for membership, you can open the credit union’s checking account online or in person at a branch. To do so, you’ll need to provide your Social Security number, along with a form of government-issued ID, such as a driver’s license. You’ll also first need to open a Regular Share Savings account with a minimum deposit of $5 to establish membership.

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on Pennsylvania State Employees Credit Union’s secure website

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How Pennsylvania State Employees Credit Union’s checking account compares

At first glance, meaning by looking at this account’s interest rate, it’s obvious you can do better. It can be somewhat challenging to find a checking account with the ability to earn a solid interest rates, but they exist, and those on our list of the best online checking checking accounts far outshine this one. The perks like ATM fee refunds and essentially no rules or fees are nice touches, but not enough to call this account one of the best.

Pennsylvania State Employees Credit Union’s savings account options

Regular Savings Share account

This account is required to open any other personal account at Pennsylvania State Employees Credit Union.
APYMinimum Balance to Earn APY
0.15% $0.01
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: None
  • ATM fee: None on any ATMs within the CO-OP and CUS Alliance networks, as well as ATMs at Sheetz, Rutter’s and Wawa locations
  • ATM fee refund: Up to $20 per month if enrolled in direct deposit; otherwise, up to $8 per month
  • Overdraft fee: N/A

This account just barely earns more interest than the checking account. While it comes with some of the same traits as the checking account, such as a debit card and digital banking access, these aren’t exactly bonus perks, but rather expected essentials you would find with most accounts out there. As a savings account, it’s subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers to six per month.

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on Pennsylvania State Employees Credit Union’s secure website

NCUA Insured

Additional Savings Share account

This account allows you to stash away cash for a specific goal, like a vacation or a new car.
APYMinimum Balance to Earn APY
0.15% $0.01
  • Minimum opening deposit: None
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: None
  • ATM fee: None on any ATMs within the CO-OP and CUS Alliance networks, as well as ATMs at Sheetz, Rutter’s and Wawa locations
  • ATM fee refund: Up to $20 per month if enrolled in direct deposit; otherwise, up to $8 per month
  • Overdraft fee: N/A

This account can be opened as a sub-account with the Regular Savings Share, allowing you to save up for something like the holidays, a vacation or a new car, all while earning the same savings rate. You can also set up an automatic deposit into this account from your checking or regular savings account. As a savings account, this one is also subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers to six per month.

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on Pennsylvania State Employees Credit Union’s secure website

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Youth Savings program

This account is available to minors under 18 years of age.
APYMinimum Balance to Earn APY
1.50% $0.01-$500
0.15%Balances above $500
  • Minimum opening deposit: $5
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: None
  • ATM fee: None on any ATMs within the CO-OP and CUS Alliance networks, as well as ATMs at Sheetz, Rutter’s and Wawa locations
  • ATM fee refund: Up to $20 per month if enrolled in direct deposit; otherwise, up to $8 per month
  • Overdraft fee: N/A

Children under 18 are the ones that can win as far as the credit union’s savings account rates go — on balances up to $500, that is. This account doesn’t have ATM access unless the account holder is 12 years of age or older. Once an account holder turns 21, this account must be closed and the owner must open a Regular Share Savings account to continue banking with Pennsylvania State Employees Credit Union. If the account holder is under 12, a parent or guardian will need to sign on as a joint custodian, and he or she will then have the ability to also make withdrawals and deposits, as well as write checks and access digital banking for the youth account. As a savings account, it’s subject to Federal Reserve Regulation D, which limits certain withdrawals and transfers to six per month.

How to get Pennsylvania State Employees Credit Union’s savings accounts

If you qualify for membership, you can open any of the credit union’s savings accounts online or in person at a branch. To do so, you’ll need to provide your Social Security number, along with a form of government-issued ID, such as a driver’s license. You’ll need to open the Regular Share Savings account with a minimum deposit of $5 to establish membership and to open either of the other two savings accounts. If a youth account holder is under age 12, a parent or guardian must open the account as a joint custodian.

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on Pennsylvania State Employees Credit Union’s secure website

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How Pennsylvania State Employees Credit Union’s savings accounts compare

Once again, the rates on Pennsylvania State Employees Credit Union’s savings accounts aren’t really anything to write home about. While you’ll have to open the Regular Savings Share account if you’re after any of the credit union’s other personal accounts, we wouldn’t recommend seeking out this account on its own. Instead, consider one of the accounts on our list of the best online savings accounts, all of which offer much better APYs.

Pennsylvania State Employees Credit Union’s CD rates

Certificates

Run-of-the-mill certificates offering some OK rates.
TermAPY
3 months1.25%
6 months1.40%
9 months1.55%
12 months1.70%
18 months1.85%
24 months2.00%
36 months 2.25%
48 months2.40%
60 months2.55%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: For 3 to 24 month certificate terms, you’ll lose 90 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned dividends. For 36 to 60 month certificate terms, you’ll lose 180 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned dividends.

With terms ranging from 3 months to 5 years with an opening deposit requirement of $500, these certificates are pretty standard as far as CDs go. Dividends are compounded daily on these certificates, with guaranteed and locked-in rates for the duration of your term. When your CD term ends, you can either withdraw your money and earnings or renew your term for the latest rates.

How to get Pennsylvania State Employees Credit Union’s CDs

As with the credit union’s other personal account offerings, if you qualify for membership, you can open a certificate in person or online. You’ll just have to first open up a Regular Savings Share account with a minimum deposit of $5. To do so, you’ll also need to provide your Social Security number and a form of ID such as a driver’s license.

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on Pennsylvania State Employees Credit Union’s secure website

NCUA Insured

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How Pennsylvania State Employees Credit Union’s CD rates compare

While some of the credit union’s CD rates fall in line with those on our list of the best CD rates, most of them miss the mark, and those on the credit union’s high end fall in the middle of our range. Do your due diligence and make sure the rate you’re getting lines up with the term length you’re signing up for when choosing a CD.

Pennsylvania State Employees Credit Union’s money market account option

Money Market account

A standard money market account, earning a pretty mediocre rate.
APYMinimum Balance to Earn APY
0.20%$500
  • Minimum opening deposit: None
  • Minimum balance to earn APY: $500
  • Monthly account maintenance fee: None
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

A small bit of good news: This money market account earns an ever-so-slightly higher rate than its regular savings counterpart. This account allows owners to make withdrawals of $20 or more. As a savings account, it’s governed by Federal Reserve Regulation D, which limits certain withdrawals and transfers to six per month.

How to get Pennsylvania State Employees Credit Union’s money market account

If you qualify for membership, you can open up a money market account online or in person after first opening a Regular Savings Share account with a minimum deposit of $5. You’ll need to have your Social Security number and government-issued ID handy to be able to do so.

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on Pennsylvania State Employees Credit Union’s secure website

NCUA Insured

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How Pennsylvania State Employees Credit Union’s money market account compares

Most money market accounts out there offer pretty dismal rates, and not surprisingly, Pennsylvania State Employees Credit Union’s offering falls into this camp. Many of the accounts on our list of the best money market rates offer more than double the rate this one does, so we strongly encourage you to consider one of those instead.

Pennsylvania State Employees Credit Union’s IRA options

IRA CD rates

The credit union’s certificates, available to open within an IRA.
TermAPY
3 months1.25%
  6 months1.40%
  9 months1.55%
  12 months1.70%
  18 months1.85%
  24 months2.00%
  36 months2.25%
  48 months2.40%
  60 months2.55%
  • Minimum opening deposit: $500
  • Minimum balance amount to earn APY: $500
  • Early withdrawal penalty: For 3 to 24 month certificate terms, you’ll lose 90 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned dividends. For 36 to 60 month certificate terms, you’ll lose 180 days’ worth of earnings on the principal amount you withdraw, whether or not the certificate has earned dividends.

These IRA CDs are essentially the bank’s regular certificates, just available to open within an IRA. Once again offering terms ranging from 3 months to 5 years with an opening deposit requirement of $500, these are also pretty basic CDs. Dividends are compounded daily, with guaranteed and locked-in rates for the duration of your term. When your term ends, you can either withdraw your money and earnings, or renew your term at the current rate.

How to get Pennsylvania State Employees Credit Union’s IRA CDs

If you qualify for membership with Pennsylvania State Employees Credit Union and are willing to first open up a Regular Savings Share account with a minimum deposit of $5, you can open an IRA CD in person or online. You’ll just need to be armed with your Social Security number and government-issued ID to do so.

LEARN MORE Secured

on Pennsylvania State Employees Credit Union’s secure website

NCUA Insured

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How Pennsylvania State Employees Credit Union’s IRA CD rates compare

Most of the credit union’s CD rates fall well below those of the ones on our list of the best IRA CD rates on IRA CDs with the same term lengths. Its longest term length (5 years), however, has a rate that matches the one on our list, so if any of these are worth seriously looking into, it’s that one. In any case, take the time to also compare other key factors like deposit requirements and early withdrawal penalties before ultimately making your decision.

IRA savings account

The credit union’s IRA, which can be opened as a traditional or Roth account.
APYMinimum Balance to Earn APY
0.15% $0.01
  • Minimum opening deposit: None
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: None
  • ATM fee: N/A
  • ATM fee refund: N/A
  • Overdraft fee: N/A

The credit union’s IRA, which can be opened as a traditional or Roth account, offers the same weak rate as its mandatory Regular Savings Share account. On the plus side, it has no required monthly balance or fees, and you can earn interest on any funds you put away for retirement. As with all savings accounts, it’s subject to Federal Reserve Regulation D, which limits certain withdrawals and transactions to six per month.

How to get Pennsylvania State Employees Credit Union’s IRA savings account

Just like with all of the bank’s other deposit accounts, if you qualify for membership and opened a Regular Savings Share account with a minimum deposit of $5, you can easily open up an IRA savings account in person or online. Just be sure you’re prepared with your Social Security number and government-issued ID to get started.

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on Pennsylvania State Employees Credit Union’s secure website

NCUA Insured

Overall review of Pennsylvania State Employees Credit Union’s banking products

With the exception of some of the credit union’s CDs, none of Pennsylvania State Employees Credit Union’s deposit accounts are anything to really get excited about. While a lack of fees and the ability to get ATM refunds are always a plus, you can do better as far as these rates are concerned. Take the time to research not only which accounts best suit your needs, but will also provide benefits to you in the form of higher returns.

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