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

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Updated on Tuesday, December 1, 2020

Robins Financial Credit Union’s checking account options

Classic Checking

This basic checking account doesn’t charge a monthly maintenance fee.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

While you won’t get extra perks like dividends or free checks with this account, it’s fairly generous for a basic checking account. There’s no monthly maintenance fee and no minimum balance requirement, so you don’t have to worry about maintaining a certain amount of money in your account.

On top of access to a nationwide network of surcharge-free ATMs, you’ll also get up to $10 per month in ATM fee refunds for using out-of-network ATMs. Your debit card is free, as is access to the full range of online banking services, including online bill pay, mobile banking, and e-statements. This account comes with no limit on debit, credit, and deposit transactions.

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Advantage Checking

The Advantage Checking account earns interest if you maintain the required minimum balance.
APYMinimum Balance to Earn APY
0.45%
$10,000
  • Minimum opening deposit: $100
  • Monthly account maintenance fee: $10 (can be waived)
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

This account comes with a higher minimum opening deposit and a steep minimum balance to earn APY. On top of that, if you fall below this minimum balance, you have to pay a monthly account maintenance fee that isn’t low.

In addition to the benefits offered by Classic Checking, such as free in-network ATMs, monthly ATM fee reimbursements, and unlimited withdrawals, with this account you’ll also get your first box of checks free. The main draw of this account is that it earns interest, and the APY is fairly generous if you can maintain the balance required to earn it.

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Legacy Checking

A special checking account for customers ages 55 and older.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

Like the Classic Checking account, the Legacy Checking comes with a low minimum opening deposit requirement, no monthly service fee, and no minimum balance requirement. You’ll also get free in-network ATMs, a limited amount of monthly out-of-network ATM fee refunds, and access to the full range of online banking services.

As a customer who is 55 years of age or older, though, you’ll get free checks, which can save you a noticeable amount of money if you tend to pay for bills or make purchases using checks. If you ever need to cancel a check before its been processed by the recipient, you’ll also get free stop payments with this account.

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MyMoney MyWay® Checking

This checking account for young adults offers special rewards for high school and college students.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25, account includes up to two overdraft fee refunds per year

The MyMoney MyWay® Checking account is for young adults ages 16 to 26. Not only do you get a free checking account for a low minimum opening deposit, and a limited amount of monthly ATM fee refunds, but you’ll also get two monthly nonsufficient funds fee refunds per year if you accidentally overdraw your account.

You’ll also get a free debit card, your first box of checks free, and a free gift upon opening the account. If you’re a student in high school or college, the credit union’s Good Grades Rewards Program gives you the chance to win $500 in cash for getting good grades.

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My$ta$h Checking

A free, basic checking account for teens ages 12 to 15.
  • Minimum opening deposit: $25
  • Monthly account maintenance fee: None
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

The My$ta$h Checking is a basic checking account designed for adolescents ages 12 to 15. A parent or guardian must be a joint owner on this account, and they must be a member of the credit union.

With no monthly service fee and no minimum balance requirement, this account gives parents and their children an easy way to practice sound money management techniques together. My$ta$h Checking account holders can also participate in the Good Grades Rewards Program, which selects students in middle school, high school, and college with good grades to win a cash prize twice per year.

How to get Robins Financial Credit Union’s checking accounts

You can open any of Robins Financial Credit Union’s checking accounts–other than the My$ta$h checking account–over the phone, in person, or online. In order to apply for a My$ta$h checking account for your child, you’ll need to go to a branch location and open the account in person.

If applying for a checking account online, you’ll need to sign and attach a form of identification and proof of your address. Applicants that aren’t already members of Robins Financial Credit Union will need to apply as a non-member, which will require you to submit an application for a new relationship. Once your membership eligibility is determined, you can proceed with a checking account application.

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How Robins Financial Credit Union’s checking accounts compare

Most of the checking account options at Robins Financial Credit Union don’t charge a monthly service fee, which we like. They also have low opening deposit requirements and no minimum balance requirements. The added benefit of unlimited withdrawals and deposits on most accounts, free in-network ATMs, and a generous monthly ATM fee refund policy makes these accounts competitive.

However, when you compare them to the best online checking accounts, they fall short in terms of APY. Only one checking account at Robins Financial Credit Union earns interest, and it requires a hefty minimum balance in order to earn. Several online checking accounts earn higher rates with no minimum balance amount, no monthly service fee, and ATM fee refunds. In fact, several online checking accounts offer unlimited ATM fee refunds, which can save you a lot of money.

Robins Financial Credit Union’s savings account options

Savings Account

A standard savings account that comes with a waivable monthly fee.
APYMinimum Balance to Earn APY
0.35%
$100
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: $100
  • Monthly account maintenance fee: $3, can be waived
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

This savings account bears interest as long as you maintain a fairly reasonable minimum balance, but the APY is low enough that you’re unlikely to notice it accumulate. There’s also a small monthly service fee attached to this account, although there are several ways to waive it.

You won’t be charged the fee as long as you maintain an average daily balance of at least $100. Additionally, you can have the fee waived regardless of your balance if you also have direct deposit, or own a Prestige Account, Advantage Checking Account, Certificate Account, IRA Account, or have a current loan balance that is less than 60 days delinquent. If you’re ages 18 or under or you are 55 years of age or older, the fee is automatically waived.

As with all accounts classified as savings, you’re only allowed up to six certain transfers or withdrawals per month per Regulation D. After that, excessive withdrawals are charged a fee of $15 each by the credit union. If the problem persists, the credit union can close your account.

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MyMoney MyWay® Savings Account

This savings account is for members ages 16 to 26 with a MyMoney MyWay® Checking account.
APYMinimum Balance to Earn APY
0.50%
$100
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: $100
  • Monthly account maintenance fee: $3, can be waived
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

The MyMoney MyWay® Savings account is virtually identical to the regular savings account, except that it’s specifically for members who have a MyMoney MyWay® Checking account.

If your average daily account balance falls below the minimum balance required to earn APY, you’ll be assessed a small monthly maintenance fee. However, this fee is waived if the account holder is 18 years of age or younger, or if you have direct deposits set up.

How to get Robins Financial Credit Union’s savings accounts

Both of Robins Financial Credit Union’s savings accounts can be opened online, over the phone, or in person. The application form is brief, but you will be required to sign and upload a form of identification as well as proof of your address. If you’re not already a member, you’ll need to apply for membership by selecting your reason for eligibility. You can call customer service if you need assistance.

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How Robins Financial Credit Union’s savings accounts compare

The savings account options offered by Robins Financial Credit Union are simple and pair well with their checking accounts. We typically prefer savings accounts with no monthly service fees, and these savings options do charge a monthly fee. However, it is easy to waive, and the credit union offers several different routes for doing so.

Still, the best online savings accounts don’t charge any monthly service fees at all, and they offer interest rates that are often three or four times higher than what Robins Financial Credit Union provides.

Robins Financial Credit Union’s CD rates

Share Certificates

These CDs offerings give you flexibility through two special products.
TermAPY
6 Month0.65%
11 Month2.15%
1 Year0.70%
12 Month Easy Save0.70%
15 Month Super Saver2.00%
18 Month0.75%
2 Year0.80%
3 Year0.85%
4 Year0.90%
5 Year0.95%
  • Minimum opening deposit: $500 (except the 12 month and 15 month certificates, which can be purchased for $100)
  • Minimum balance amount to earn APY: $500 (except the 12 month and 15 month certificates, which can be purchased for $100)
  • Early withdrawal penalty: 90 days of interest on certificates with terms 12 months or less, 180 days of interest on certificates with terms between one year and three years, 360 days of interest on certificates with terms of more than three years

Robins Financial Credit Union offers great flexibility when it comes to their Share Certificates. Not only do they offer a range of terms from six months to five years, including a unique 11 month certificate, but they also offer an Easy Save certificate and a Super Saver certificate.

The Easy Save certificate is offered with a 12-month term and comes with a lower, more accessible minimum opening deposit. The Super Saver certificate has a 15-month term and offers both a lower minimum opening deposit requirement and a significantly higher APY. That being said, there is a limit on how much you can deposit for both of these certificates. The 12 Month Easy Save certificate has a maximum deposit of $10,000 while the 15 Month Super Saver certicicate has a maximum of $5,000.

You must have an active youth or checking account in order to take advantage of the 15 Month Super Saver certificate. This certificate also comes with the ability to do a one-time penalty-free withdrawal, making it a good option for people who want to park their emergency fund in a certificate.

How to get Robins Financial Credit Union’s Share Certificates

You can open one of this credit union’s Share Certificates online, over the phone, or by visiting a branch in person. If you aren’t a member of the credit union, you’ll need to fill out a new member application form first, which will ask you to identify your eligibility for membership.

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How Robins Financial Credit Union CD rates compare

When compared to the best CD rates, many of Robins Financial Credit Union’s certificate rates fall short. The rates on their 12 Month, 18 Month, 2 Year, and 5 Year certificates are particularly easy to beat.

However, their 11 Month, 15 Month, 3 Year, and 4 Year certificates do offer competitive rates. On top of that, their 15 Month certificate offers the added flexibility of a lower minimum deposit requirement and a one-time penalty-free withdrawal, which can be hard to find. Most of the competition has a higher minimum deposit amount than what’s required on Robins Financial Credit Union’s 12 Month and 15 Month CDs, which require lower deposits than the rest of their CDs. There are a few competing institutions offering CDs with no minimum deposit and higher rates than Robins Financial Credit Union.

Robins Financial Credit Union’s money market account options

Prestige Money Market

A money market account with no monthly fee and tiered interest.
APYMinimum Balance to Earn APY
0.35%
$2,500 - $9,999.99
0.40%
$10,000 - $24,999.99
0.45%
$25,000 - $49,999.99
0.50%
$50,000 - $99,999.99
0.60%
$100,000 and over
  • Minimum opening deposit: $2,500
  • Minimum balance to earn APY: $2,500
  • Monthly account maintenance fee: None
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

You’ll need a sizeable minimum opening deposit to open one of Robins Financial Credit Union’s Prestige Money Market accounts, but you’ll earn tiered interest on your balance that’s higher than what’s offered by their regular savings options. You also don’t have to pay any monthly service fees on this account.

Prestige account holders will get the same perks as other banking customers at Robins Financial Credit Union, including free in-network ATMs, limited monthly ATM fee refunds, and online banking services. Members ages 55 and older will also get free checks.

How to get Robins Financial Credit Union’s Money Market account

Money Market accounts can be opened online by filling out a brief application. If you aren’t a member of the credit union already, you’ll need to fill out a new member application first, which asks about your eligibility for membership. You can also open a money market account over the phone or in person.

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How Robins Financial Credit Union’s money market accounts compare

The rates on Robins Financial Credit Union’s money market accounts aren’t the most competitive. When compared to the best money market rates, they fall short at every tier. Folks with deposits large enough to land them in one of the higher tiers will find significantly better rates elsewhere, but there are even a couple online banks offering money market accounts with no minimum deposit requirement, no monthly service fee, and noticeably higher rates.

Robins Financial Credit Union’s IRA account options

IRA CD

An IRA CD with flexibility and low minimum deposit amounts.
APYAPY
6 Month0.65%
11 Month2.15%
1 Year0.70%
12 Month Easy Save0.70%
18 Month0.75%
2 Year0.80%
3 Year0.85%
4 Year0.90%
5 Year0.95%
  • Minimum opening deposit: $500 (except the 12 Month Easy Save certificate, which can be purchased for $100)
  • Minimum balance amount to earn APY: $500 (except the 12 Month Easy Save certificate, which can be purchased for $100)
  • Early withdrawal penalty: 90 days of interest on certificates with terms 12 months or less, 180 days of interest on certificates with terms between one year and three years, 360 days of interest on certificates with terms of more than three years

The IRA certificates at Robins Financial Credit Union give customers a way to earn extra interest on money they won’t need in the near future. You can purchase certificates with terms ranging from six months to five years, and they even offer more uncommon options like 11 month and 18 month certificates.

The minimum opening deposit amount is reasonable. If you have trouble meeting that requirement, the 12 Month Easy Save certificate is offered as an IRA certificate, and its lower minimum opening deposit requirement makes it even more accessible. Keep in mind that the 12 Month certificate has a maximum deposit of $10,000.

How to get Robins Financial Credit Union’s IRA Certificates

If you aren’t a member of Robins Financial Credit Union, you’ll need to fill out a new membership application first, stating your reason for eligibility. This can be done online. Members can then apply for an IRA certificate online, over the phone, or in person.

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How Robins Financial Credit Union’s IRA CD rates compare

The most competitive IRA CD offered by Robins Financial Credit Union is their 11 Month IRA Certificate, which gives customers rates that come close to many of the best 12 month certificates offered by other institutions. Their 3 Year and 4 Year certificates a good APY, although it can be beaten by a number of credit unions and online banks. The rest of the IRA certificates offer less-than-ideal rates.

Ultimately, the IRA CDs offered by this credit union just don’t stack up against the best IRA CD rates. They do offer a little extra flexibility and lower minimum deposit amounts, but even these factors can be matched elsewhere.

IRA savings account

This interest-earning IRA savings account has no minimum balance requirement.
APYMinimum Balance to Earn APY
0.50%
$0.01
  • Minimum opening deposit: $25
  • Minimum balance to earn APY: $0.01
  • Monthly account maintenance fee: None
  • ATM fee: In-network ATMs are free, and there are over 55,000 throughout the United States. You’ll be charged a $1.00 fee for each transaction completed at an out-of-network ATM.
  • ATM fee refund: You get up to $10 per month in out-of-network ATM fees refunded at the end of each month.
  • Overdraft fee: $25

If you’re looking to start an IRA savings account with a small amount of money, this account is a good option. It has a very low minimum opening deposit requirement, and there’s no minimum balance required to earn interest. All accounts earn the same interest rate regardless of balance.

Robins Financial Credit Union does recommend that you speak with a tax advisor regarding IRA investments. Keep in mind that early withdrawals on this account — which is any withdrawal made before age 59 ½ — will be subject to penalties in accordance with IRS policy.

How to get Robins Financial Credit Union’s IRA savings account

You can visit Robins Financial Credit Union in person to open an individual retirement account.

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Overall review of Robins Financial Credit Union’s banking products

As a credit union, Robins Financial Credit Union is dedicated to passing on its profits to members in the form of lower fees and higher rates. They do a great job of offering a range of simple, fee-free banking options that are accessible to most consumers. Their free checking accounts stand out as particularly great products, as do a couple of their certificates of deposit.

While these accounts are low in fees, they don’t always offer the highest rates available. Their savings accounts and money market accounts don’t do as well when compared to the competition, and even a number of their certificates fall short. That being said, Robins Financial Credit Union is a good option for people in Georgia who prefer brick-and-mortar banks and value building a relationship with their local credit union.