Last Updated: 04/18/2025
CoVantage CU Health Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.10%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $10
Minimum Balance to Earn APY
$10
CoVantage CU Health Savings Account Review
CoVantage CU Health Savings Account is offered by CoVantage Credit Union, a credit union founded in 1953 and based in Antigo, WI. CoVantage CU Health Savings Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.10%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Small minimum initial deposit. You only need $10 to open an account.
- No ATM fees. CoVantage CU Health Savings Account does not charge fees on ATM transactions .
CoVantage CU Health Savings Account Pros & Cons
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CoVantage CU Health Savings Account FAQ
Are savings accounts from CoVantage 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 CoVantage Credit Union offer a signup bonus?
CoVantage CU Health Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for CoVantage CU Health Savings Account?
The minimum deposit to open a CoVantage CU Health Savings Account is $10.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does CoVantage CU Health Savings Account offer?
CoVantage CU Health Savings Account offers an APY of 1.10% (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 CoVantage CU Health Savings Account charge?
CoVantage CU Health Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does CoVantage CU Health Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - CoVantage CU Health Savings Account allows you to manage your money online or with a mobile app.
Can you set up a direct deposit to CoVantage CU 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 CoVantage CU Health Savings Account?
The customer support email for CoVantage CU Health Savings Account is covantagecares@covantagecu.org.
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Hours of Operation
Sunday
Closed
Monday
7:00AM - 7:00PM
Tuesday
7:00AM - 7:00PM
Wednesday
7:00AM - 7:00PM
Thursday
7:00AM - 7:00PM
Friday
7:00AM - 7:00PM
Saturday
8:30AM - 5:00PM