WAUSAU, Wis.– Following a highly competitive evaluation process of financial institutions across the country, Connexus Credit Union said it is proud to be recognized as a “Best Teen Checking Account 2021” by Forbes Advisor.
“Once again, we share the stage with some of the largest, most prominent financial institutions in the country, namely Chase, Capital One, and Alliant,” stated Chad Rogers, EVP/COO. “Because our Connexus team members are passionate about continuously enhancing our products and services, as well as responsive in meeting with our members and prospective members to assist in opening accounts and answering questions, these accolades continue to find us.”
In its review, Forbes Advisor stated, “It’s hard to ignore the very competitive 2.00% APY that Connexus Credit Union’s Teen Checking account pays on balances up to $1,000. Along with the APY, it offers a debit card and fee-free ATM transactions at both Connexus and non-Connexus ATMs. Members have access to more than 54,000 surcharge-free ATMs, and account holders get free overdraft transfers with a linked account.”
In addition to the impressive yield, nationwide accessibility, and low fees of the Connexus Teen Checking Account, Forbes Advisor also highlighted the fact that parents can access their child's account through Digital Banking, a feature that provides monitoring and security while also promoting financial education and independence, the credit union said.
To select this year’s honorees, Forbes Advisor reviewed established financial institutions based on the following criteria: fees, digital experience, customer experience, parental controls, minimum opening deposit, and APY. Another critical factor considered was nationwide availability.