VyStar Credit Union Review 2023
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
At a glance
CDs
Checking
Savings
MMA
About Bankrate Score
Overview
VyStar could be a great option for Floridians and Georgians in select counties looking for a low-cost banking experience with a range of accounts.
Highlights
- Free Checking
- Low Fees
- Low Min Deposit
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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.
Overall
VyStar Credit Union is one of the largest credit unions in Florida, offering various deposit accounts and services to hundreds of thousands of members. Its accounts don’t charge monthly service fees or have minimum balance requirements, although better yields can often be found at other financial institutions.
Pros
-
The free checking account pays interest.
-
Minimum deposit and balance requirements overall are low.
-
The credit union charges no monthly service fees.
Cons
-
Membership is mostly limited to Florida residents and residents in parts of Georgia.
-
Yields are low relative to what you can earn at other institutions.
VyStar Credit Union bank products
VyStar Credit Union savings overview
The account’s APY is better than what you’ll find at most big banks, but you can find much higher yields — especially at online banks — if you shop around.
Pros
-
The minimum deposit to open the account and earn interest is low.
-
There’s no monthly service fee.
Cons
-
The yield is low compared to what many other institutions offer.
Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
VyStar Credit Union offers branches in Florida and Georgia and access to more than 20,000 surcharge-free ATMs across the United states. Some ATMs are available at retailers such as CVS Pharmacy, Target and Walgreens.
Branch hours vary by location. Representatives are available through the contact center every day. Members can also contact the credit union through the live chat feature on its website.
Members can use the credit union’s mobile app and take advantage of capabilities like Zelle and account alerts. Account holders can use touch ID or fingerprint recognition to get into the VyStar mobile app. There’s also a VyStar card control app that members can use to manage access to their debit cards.
About VyStar Credit Union
VyStar is headquartered in Jacksonville, Florida, and today has more than 825,000 members. Membership is open to local residents who live or work in 49 Florida counties or in 26 counties in Georgia. Past and present military members worldwide and their families are also eligible for membership.
VyStar Credit Union was chartered in 1952 and was originally known as the Jax Navy Federal Credit Union, which offered services to military and civil service members.
Review methodology
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. Read our full review methodology.
