Last Updated: 04/18/2025
HFCU Health Savings Accounts
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.80%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $5
Minimum Balance to Earn APY
$5
HFCU Health Savings Accounts Review
HFCU Health Savings Accounts is offered by Houston Federal Credit Union, a credit union founded in 1960 and based in Sugar Land, TX. HFCU Health Savings are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 1.80%, 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 $5 to open an account.
- No ATM fees. HFCU Health Savings Accounts does not charge fees on ATM transactions .
HFCU Health Savings Pros & Cons
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HFCU Health Savings FAQ
Are savings accounts from houston 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 Houston Federal Credit Union offer a signup bonus?
HFCU Health Savings doesn't offer a signup bonus.
What is the minimum initial deposit for HFCU Health Savings?
The minimum deposit to open a HFCU Health Savings is $5.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does HFCU Health Savings Accounts offer?
HFCU Health Savings offers an APY of 1.80% (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 HFCU Health Savings charge?
HFCU Health Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does HFCU Health Savings 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 - HFCU Health Savings 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 HFCU Health Savings?
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 HFCU Health Savings?
The customer support email for HFCU Health Savings is talktous@houstonfcu.org.
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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
8:00AM - 2:00PM