Last Updated: 04/18/2025
Cobalt Credit Union Health Savings Account
Unaffiliated
in Savings Accounts from Cobalt Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Cobalt Credit Union Health Savings Account Review
Cobalt Credit Union Health Savings Account is offered by Cobalt Credit Union, a credit union founded in 1946 and based in Papillion, NE. Cobalt Credit Union Health Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Cobalt Credit Union Health Savings Account has an annual percentage yield of up to 0.25%, which is higher than the average interest rate for savings accounts.
- 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 online.
Cobalt Credit Union Health Savings Account Pros & Cons
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Cobalt Credit Union Health Savings Account FAQ
Are savings accounts from Cobalt Credit Union federally insured?
No, your Cobalt Credit Union savings accounts are not insured by a federal insurance agency. This means that if Cobalt Credit Union were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
Does Cobalt Credit Union offer a signup bonus?
Cobalt Credit Union Health Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Cobalt Credit Union Health Savings Account?
There is no minimum deposit to open a Cobalt Credit Union Health Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Cobalt Credit Union Health Savings Account offer?
Cobalt Credit Union Health Savings Account offers an APY of 0.25% (APY stands for annual percentage yield, rates may change).
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 Cobalt Credit Union Health Savings Account charge?
Cobalt Credit Union Health 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 $25.00 fee.
- Incoming domestic bank transfers come with a $15.00 fee.
- Outgoing international bank transfers come with a $40.00 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- Incoming international bank transfers come with a $15.00 fee.
- An overdraft on your account will trigger a $35.00 fee per item.
- Cobalt Credit Union Health Savings Account charges $5.00 every time you request a paper statement.
Does Cobalt Credit Union Health Savings Account charge overdraft fees?
Yes, Cobalt Credit Union Health Savings Account charges a $35.00 overdraft fee. Cobalt Credit Union Health 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 Cobalt Credit Union Health Savings Account offer?
This savings account includes the following features:
Can you set up a direct deposit to Cobalt Credit Union Health 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 Cobalt Credit Union Health Savings Account?
The customer support email for Cobalt Credit Union Health Savings Account is contactcenter@cobaltcu.com.
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Contact
Headquarters
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 - 5:00PM
Saturday
Closed