Last Updated: 04/18/2025
Health Advantage CU Business Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.100% - 0.400%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$250
Health Advantage CU Business Savings Account Review
Health Advantage CU Business Savings Account is offered by Health Advantage Credit Union, a credit union founded in 1970 and based in Saginaw, MI. Health Advantage CU Business Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Health Advantage CU Business Savings Account has an annual percentage yield of up to 0.400%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $250.00 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $5.00 to open an account.
Health Advantage CU Business Savings Account Pros & Cons
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Health Advantage CU Business Savings Account FAQ
Are business savings accounts from Health Advantage Credit Union federally insured?
Yes, your business savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Health Advantage Credit Union offer a signup bonus?
Health Advantage CU Business Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Health Advantage CU Business Savings Account?
The minimum deposit to open a Health Advantage CU Business Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $250.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Health Advantage CU Business Savings Account offer?
Health Advantage CU Business Savings Account offers a variable APY starting at 0.100% and ranging up to 0.400% (APY stands for annual percentage yield, rates may change).
What fees does Health Advantage CU Business Savings Account charge?
Health Advantage CU Business Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
- Outgoing domestic bank transfers come with a $30.00 fee.
- Health Advantage CU Business Savings Account charges a $10.00 fee for an early account closure. Contact Health Advantage CU Business Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $30.00 fee per item.
- Health Advantage CU Business Savings Account charges $1.00 every time you request a paper statement.
Does Health Advantage CU Business Savings Account charge overdraft fees?
Yes, Health Advantage CU Business Savings Account charges a $30.00 overdraft fee. Health Advantage CU Business Savings Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Health Advantage CU Business Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Health Advantage CU Business Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Health Advantage CU Business Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Health Advantage CU Business Savings Account?
The customer support email for Health Advantage CU Business Savings Account is marketing@healthadvantagecu.com.
Is Health Advantage CU Business Savings Account legit?
Health Advantage Credit Union was founded in 1970; it is a well-established company that has been in business for 56 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
9:00AM - 12:30PM