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Last Updated: 04/18/2025

Inova Federal Credit Union Business Platinum Money Market Account

from Inova Federal Credit Union

Last Updated: 04/18/2025

Inova Federal Credit Union logo
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APY (Annual Percentage Yield)

4.00%(Verified 06/21/2024)

Minimum Balance to Earn APY

$250,000

Minimum Opening Deposit

$0

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Inova Federal Credit Union Business Platinum Money Market Account Review

Inova Federal Credit Union Business Platinum Money Market Account is offered by Inova Federal Credit Union, a credit union founded in 1942 and based in Elkhart, IN. Inova Federal Credit Union Business Platinum Money Market Account are available in 50 states and Washington, DC.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.00%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $250000.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account.

Pros & Cons of Inova Federal Credit Union Business Platinum Money Market Account

Inova Federal Credit Union Business Platinum Money Market Account FAQ

Are money market accounts from Inova Federal Credit Union federally insured?

Yes, your money market 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.

What are the dividends for Inova Federal Credit Union Business Platinum Money Market Account rates?

Inova Federal Credit Union Business Platinum Money Market Account offers an APY of up to 4.00% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $250000. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the fees for Inova Federal Credit Union Business Platinum Money Market Account?

Inova Federal Credit Union Business Platinum Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Inova Federal Credit Union Business Platinum Money Market Account?

No minimum initial deposit. Inova Federal Credit Union does not require a minimum initial deposit to open an account.
Interest rate minimum balance of $250,000. You must keep the account balance above $250,000 to earn interest.

What features and perks does Inova Federal Credit Union Business Platinum Money Market Account offer?

This account includes the following features:
  • Mobile Banking Services - Inova Federal Credit Union Business Platinum Money Market Account allows you to manage your money through online banking and a dedicated mobile app.
  • Nationwide ATM network - Inova Federal Credit Union Business Platinum Money Market Account allows you to access your money from an ATM, a convenient feature only a few offer.

What is the customer service phone number?

The customer service number for this account is (574) 294-6553.

What is the support contact email?

The support contact email for this business credit card is socialmedia@inovafcu.org.

How to open an account with Inova Federal Credit Union

  • Visit the Inova Federal Credit Union website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

358 S Elkhart Ave
Elkhart, IN 46516
(574) 294-6553
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 12:00PM

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APY (Annual Percentage Yield)

5.0%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$500K

Minimum Opening Deposit

$0
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Inova Federal Credit Union logo

APY (Annual Percentage Yield)

1.50%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$50K

Minimum Opening Deposit

$50K

Inova Federal Credit Union logo

APY (Annual Percentage Yield)

0.01% - 4.50%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$250K

Minimum Opening Deposit

$0

Inova Federal Credit Union logo

APY (Annual Percentage Yield)

1.50%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$50K

Minimum Opening Deposit

$50K

Inova Federal Credit Union logo

APY (Annual Percentage Yield)

0.05%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$0

Minimum Opening Deposit

$0

Inova Federal Credit Union logo

APY (Annual Percentage Yield)

4.00%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$100K

Minimum Opening Deposit

$100K

Inova Federal Credit Union logo

APY (Annual Percentage Yield)

0.01% - 5.15%
Disclaimer popup with additional information

Minimum Balance to Earn APY

$0

Minimum Opening Deposit

$0

SuperMoney Net Recommendation Score

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-1000+100
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Everyone recommends
The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

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