Star One Credit Union Review 2022
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Star One doesn't offer any specialty certificates, such as a no-penalty or bump-up account.
Withdrawals of at least $1,000 can be made without closing a CD account, as long as minimum balance requirements are met. Premature withdrawals are subject to an early withdrawal penalty, which is higher than some other online banks and credit unions. On six-month CD, the penalty is 90 days worth of dividends, and one- and two-year CDs are subject to a penalty of 180 days’ dividends.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Star One also offers Rewards Checking, which earns a relatively high yield and is eligible for up to $20 a month in ATM fee refunds. To be eligible, account holders must make 10 debit/credit card purchases each month, enroll in e-statements, and have at least $300 in monthly direct deposits, or $5,000 in deposit or loan balances.
Star One also offers a free student checking account to customers under age 25. It has no monthly fee, earns interest and refunds up to $10 each month in ATM fees.
All checking accounts include a free first box of 40 checks and free bill pay is available. Rewards checking account holders also get free check reorders.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Star One Credit UnionStar One Credit Union Review 2022
Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
4.4 Bankrate Score CDs Checking MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Star One Credit Union could be a good fit for consumers looking for a feature-filled interest-bearing checking account and to avoid high fees.Highlights
Free Checking No Monthly Fees Reward Checking Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Star One Credit Union has been around for more than 60 years and is the largest credit union in Silicon Valley.Pros
The Money Market Savings account and certificates pay strong APYs. Minimum deposit requirements overall are relatively low. There are no monthly service fees. Members have access to digital features like voice banking through Amazon's Alexa virtual assistant.Cons
There’s a limited product selection available for savers.Star One Credit Union bank products
CD Money Market Checking 4.4 Bankrate ScoreStar One Credit Union CD overview
Star One Credit Union offers three certificate terms: six months, one year and two years. Each certificate requires a $2,500 minimum deposit and pays a competitive yield. Earned interest can be transferred to a Star One checking or savings account, or a check can be mailed to the account holder. The limited term options are ideal for savers looking for a temporary place to keep their cash, but savers with longer-term goals may want to seek out alternatives.Star One doesn't offer any specialty certificates, such as a no-penalty or bump-up account.
Withdrawals of at least $1,000 can be made without closing a CD account, as long as minimum balance requirements are met. Premature withdrawals are subject to an early withdrawal penalty, which is higher than some other online banks and credit unions. On six-month CD, the penalty is 90 days worth of dividends, and one- and two-year CDs are subject to a penalty of 180 days’ dividends.
Pros
Partial principal withdrawals are permitted. Earned interest can be mailed or transferred to a Star One checking or savings account.Cons
Only three CD terms are available. Star One doesn't offer any specialty certificates Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 4.9 Bankrate ScoreStar One Credit Union money market overview
To join Star One Credit Union, applicants need to open a Money Market Savings account. The minimum deposit is just $50. With an active membership, account holders can open multiple savings accounts and assign each one a nickname. The Money Market Savings account pays a competitive APY, but monthly service fees, if any, aren't disclosed on the website.Pros
A money market savings account can be opened with a low minimum deposit of $50. Account holders can create multiple savings accounts for different goals at no additional cost.Cons
Members do not have check-writing privileges. 5.0 Bankrate ScoreStar One Credit Union checking overview
Star One offers three checking accounts, including Free Checking, the account scored for this review. It has no monthly fee, pays interest on the balance and includes a Visa debit card.Star One also offers Rewards Checking, which earns a relatively high yield and is eligible for up to $20 a month in ATM fee refunds. To be eligible, account holders must make 10 debit/credit card purchases each month, enroll in e-statements, and have at least $300 in monthly direct deposits, or $5,000 in deposit or loan balances.
Star One also offers a free student checking account to customers under age 25. It has no monthly fee, earns interest and refunds up to $10 each month in ATM fees.
All checking accounts include a free first box of 40 checks and free bill pay is available. Rewards checking account holders also get free check reorders.
Pros
Minimum opening deposits are low. There are no monthly service fees on any checking account. All three checking accounts earn interest. ATM rebates of $10 and $20 are available to members with the student checking and Rewards checking accounts, respectively. Members have access to Zelle, the peer-to-peer payment service.Cons
The free checking account doesn’t refund out-of-network ATM surcharges. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Star One Credit Union offers membership to residents of eight California counties, as well as employees of Lockheed Martin Corp. and dozens of other area employers. Star One Credit Union has six branches, all of which are located in California. Most locations have the same hours and a few are open Saturdays. More than 6,500 shared branches are available plus nearly 30,000 surcharge-free ATMs available through the CO-OP network. Some, but not all, accept deposits. Members who want to meet with a bank representative can schedule an appointment in advance online. Representatives are available over the phone from 7 a.m. to 7 p.m. Pacific time, weekdays, and 9 a.m. to 5 p.m., weekends and most holidays. Fans of digital wallets can use Star One Visa debit and credit cards with Apple Pay, Google Pay and Samsung Pay. Other digital features include voice banking (a skill available through Amazon’s Alexa digital assistant) and other features like, mobile check deposit and the ability to create balance alerts.About Star One Credit Union
Star One Credit Union is one of Silicon Valley’s largest credit unions, providing service to more than 115,000 members worldwide. The Sunnyvale, California-based credit union was founded in 1956 as the Lockheed Missile Employees Federal Credit Union, offering financial services and support to employees of the Lockheed Missiles and Space Division. Twenty-five years later, the credit union was renamed the LMSC Federal Credit Union and again in 1995 as Star One Federal Credit Union.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .