Last Updated: 04/18/2025
Cincinnati HealthCare Associates FCU IRA Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
2.25%(Verified 07/12/2024)
Minimum Opening Deposit
$500
Minimum Balance to Earn APY
N/A
Cincinnati HealthCare Associates FCU IRA Savings Account Review
Cincinnati HealthCare Associates FCU IRA Savings Account is offered by Cincinnati HealthCare Associates Federal Credit Union, a credit union founded in 1973 and based in Cincinnati, OH. Cincinnati HealthCare Associates FCU IRA Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.25%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $500.00 minimum opening deposit. This is a typical minimum initial deposit.
Cincinnati HealthCare Associates FCU IRA Savings Account Pros & Cons
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Cincinnati HealthCare Associates FCU IRA Savings Account FAQ
Are savings accounts from Cincinnati HealthCare Associates Federal Credit Union federally insured?
Yes, your 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 Cincinnati HealthCare Associates Federal Credit Union offer a signup bonus?
Cincinnati HealthCare Associates FCU IRA Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Cincinnati HealthCare Associates FCU IRA Savings Account?
The minimum deposit to open a Cincinnati HealthCare Associates FCU IRA Savings Account is $500.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Cincinnati HealthCare Associates FCU IRA Savings Account offer?
Cincinnati HealthCare Associates FCU IRA Savings Account offers an APY of 2.25% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Cincinnati HealthCare Associates FCU IRA Savings Account charge?
Cincinnati HealthCare Associates FCU IRA Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Cincinnati HealthCare Associates FCU IRA Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Cincinnati HealthCare Associates FCU IRA 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 Cincinnati HealthCare Associates FCU IRA 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.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 2:30PM
Tuesday
8:00AM - 4:00PM
Wednesday
8:00AM - 4:00PM
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed