American Airlines Federal 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.
The credit union also offers its Emergency Fund Savings Account. It pays the same APY but doesn’t require a minimum balance.
A $5 fee is assessed on inactive Primary Savings accounts should the balance fall below $250 and 12 months have passed since the last transaction.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
American Airlines Federal Credit Union also offers its Share Certificate Ladder, which has options for balances of $1,000.00-$9,999.99 as well as balances of $10,000 and up. Bigger balances and longer certificate terms earn a higher yield.
The credit union doesn’t offer a bump-up or no-penalty certificate. However, it offers its Dream Plan Share Certificate, a five-year certificate that pays a strong APY. This product requires $25 to open, then customers must contribute $25 each month until the term ends or the balance reaches $50,000, whichever comes first.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Account holders who make 15 debit card transactions per month, maintain a direct deposit of $250 or more and enroll in online statements qualify for upgraded benefits, including:
A competitive return on balances up to $5,000. ATM fee rebates up to $20 per month. Foreign transaction fee rebate.Additional checking account features for all account holders include: mobile banking with mobile check deposit, free bill pay, mobile wallet payment options and account alerts. The credit union is also part of the CO-OP ATM network, giving customers access to thousands of fee-free ATMS nationwide.
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. American Airlines Federal Credit UnionAmerican Airlines Federal 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
4.7 Bankrate Score CDs Checking Savings 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
American Airlines Federal Credit Union is best for airline industry employees looking for a convenient, full-service financial institution.Highlights
High APY No Monthly Fees 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
American Airlines Federal Credit Union offers a range of banking and lending products for its airline industry members.Pros
The credit union offers a convenient banking option to its members. It pays competitive APYs on its deposit products. It offers fee-free products with attainable minimum deposit requirements. Just $6 is needed to join the credit union. ($5 to open a savings account and $1 to pay the credit union’s one-time fee.) The credit union has paid dividends to members, though future dividends aren’t guaranteed.Cons
Membership is limited to certain airline industry members and their families. The credit union doesn’t offer a money market account.American Airlines Federal Credit Union bank products
Savings CD Checking 5.0 Bankrate ScoreAmerican Airlines Federal Credit Union savings overview
American Airlines Federal Credit Union’s Primary Savings Account requires only a $5 opening deposit and a one-time $1 membership fee. It pays a competitive APY and doesn’t charge a monthly service fee. Members looking exclusively for a savings account that pays the best rate will do well with an American Airlines Federal Credit Union savings account, though you can find slightly higher yields at some other institutions.The credit union also offers its Emergency Fund Savings Account. It pays the same APY but doesn’t require a minimum balance.
A $5 fee is assessed on inactive Primary Savings accounts should the balance fall below $250 and 12 months have passed since the last transaction.
Pros
Members get access to a fee-free savings account. Only a $5 deposit and one-time $1 fee are needed to open. The savings account pays a competitive yield. The credit union will match your opening deposit, up to $25 in the Emergency Fund Savings account.Cons
Though the APY is competitive, those looking for the highest possible yield will want to shop around. Inactive accounts (accounts with balances under $250 and no transactions for 12 consecutive months) are charged $5 a month. 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 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. Min balance for APY Offer details 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. 4.5 Bankrate ScoreAmerican Airlines Federal Credit Union CD overview
American Airlines Federal Credit Union offers certificates with terms ranging from one year to five years. All pay competitive yields, particularly the shorter-term certificates, and they all require a manageable $1,000 minimum balance.American Airlines Federal Credit Union also offers its Share Certificate Ladder, which has options for balances of $1,000.00-$9,999.99 as well as balances of $10,000 and up. Bigger balances and longer certificate terms earn a higher yield.
The credit union doesn’t offer a bump-up or no-penalty certificate. However, it offers its Dream Plan Share Certificate, a five-year certificate that pays a strong APY. This product requires $25 to open, then customers must contribute $25 each month until the term ends or the balance reaches $50,000, whichever comes first.
Pros
Members have access to a range of terms and competitive yields. All certificates require a manageable $1,000 minimum balance. The Share Certificate Ladder gives members a convenient laddering option. Funds from an American Federal Credit Union CD used for a downpayment on a home loan through the credit union won’t result in an early withdrawal penalty.Cons
The credit union doesn’t offer a bump-up or no-penalty certificate. Other financial institutions offer higher APYs on CDs. 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 ScoreAmerican Airlines Federal Credit Union checking overview
American Airlines Federal Credit Union offers multiple checking accounts to meet the individual needs of its members. The Priority Checking account is the credit union’s “everyday checking” option, “with the ability to earn additional benefits for doing a few simple things each month,” according to the website. The account charges no monthly service fee and doesn’t require a minimum balance.Account holders who make 15 debit card transactions per month, maintain a direct deposit of $250 or more and enroll in online statements qualify for upgraded benefits, including:
A competitive return on balances up to $5,000. ATM fee rebates up to $20 per month. Foreign transaction fee rebate.Additional checking account features for all account holders include: mobile banking with mobile check deposit, free bill pay, mobile wallet payment options and account alerts. The credit union is also part of the CO-OP ATM network, giving customers access to thousands of fee-free ATMS nationwide.
Pros
Members can choose the checking account that best fits their needs. Account holders get access to lots of features. Members have free access to thousands of ATMs nationwide.Cons
Upgraded account features require members to meet certain criteria. 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
American Airlines Federal Credit Union offers a convenient banking option for certain airline industry employees and their families. The credit union offers highly rated apps for iOS and Android. It also has branches in most major U.S. airports and is a part of the CO-OP network of ATMs and shared branches. Members can get in touch with the credit union in a number of ways, including through a live chat, on the phone and in a branch. Live chat is available Monday through Saturday from 8 a.m. to 5 p.m. Central. Phone representatives are available Monday through Friday from 7 a.m. to 7 p.m. and Saturday from 7 a.m. to 5 p.m. American Airlines Credit Union was offering a $25 reward for each family member referred to the credit union at the time of Bankrate’s review. The credit union also offers an IRA savings account as well as online courses related to personal finance to its members.About American Airlines Federal Credit Union
Founded in 1936, American Airlines Federal Credit Union offers a range of banking and lending products for its airline industry members. to certain active or retired airline industry workers and their families. Funds deposited with American Airlines Credit Union are insured up to $250,000 by the National Credit Union Share Insurance Fund. The credit union has branches in most major U.S. airports and is a part of the CO-OP network of ATMs and shared branches.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. .