Last Updated: 04/18/2025
Henrico Federal Credit Union Share Accounts
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.25% - 0.50%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$100
Henrico Federal Credit Union Share Accounts Review
Henrico Federal Credit Union Share Accounts is offered by Henrico Federal Credit Union, a credit union founded in 1967 and based in Richmond, VA. Henrico Federal Credit Union Share Accounts are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Henrico Federal Credit Union Share Accounts has an annual percentage yield of up to 0.50%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $100 to earn that interest rate.
- Small minimum initial deposit. You only need $5 to open an account.
Henrico Federal Credit Union Share Accounts Pros & Cons
| Pros | Cons |
|
|
Henrico Federal Credit Union Share Accounts FAQ
Are savings accounts from Henrico 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 Henrico Federal Credit Union offer a signup bonus?
Henrico Federal Credit Union Share Accounts doesn't offer a signup bonus.
What is the minimum initial deposit for Henrico Federal Credit Union Share Accounts?
The minimum deposit to open a Henrico Federal Credit Union Share Accounts is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Henrico Federal Credit Union Share Accounts offer?
Henrico Federal Credit Union Share Accounts offers a variable APY starting at 0.25% and ranging up to 0.50% (APY stands for annual percentage yield, rates may change).
What fees does Henrico Federal Credit Union Share Accounts charge?
Henrico Federal Credit Union Share Accounts does not charge a monthly service fee. See the fee breakdown section below to view all fees.
However, you can waive the monthly fees if you have a minimum daily balance of $5.
- Outgoing domestic bank transfers come with a $10 fee.
- Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
- An overdraft on your account will trigger a $30 fee per item.
- Henrico Federal Credit Union Share Accounts charges $10 every time you request a paper statement.
Does Henrico Federal Credit Union Share Accounts charge overdraft fees?
Yes, Henrico Federal Credit Union Share Accounts charges a $30 overdraft fee. Henrico Federal Credit Union Share Accounts offers overdraft protection at a cost of $30 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 Henrico Federal Credit Union Share Accounts 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 - Henrico Federal Credit Union Share Accounts allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
Can you set up a direct deposit to Henrico Federal Credit Union Share Accounts?
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 Henrico Federal Credit Union Share Accounts?
The customer support email for Henrico Federal Credit Union Share Accounts is memberservices@henricofcu.org.
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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 6:00PM
Tuesday
9:00AM - 6:00PM
Wednesday
9:00AM - 6:00PM
Thursday
9:00AM - 6:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 12:00PM