Last Updated: 04/18/2025
Indiana Members CU Health Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.51%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
Indiana Members CU Health Savings Account Review
Indiana Members CU Health Savings Account is offered by Indiana Members Credit Union, a credit union founded in 1956 and based in Indianapolis, IN. Indiana Members 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 1.51%, which is much higher than the average interest rate for a savings account.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Indiana Members CU Health Savings Account Pros & Cons
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Indiana Members CU Health Savings Account FAQ
Are savings accounts from Indiana Members 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 Indiana Members Credit Union offer a signup bonus?
Indiana Members CU Health Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Indiana Members CU Health Savings Account?
There is no minimum deposit to open a Indiana Members CU Health Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Indiana Members CU Health Savings Account offer?
Indiana Members CU Health Savings Account offers an APY of 1.51% (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 Indiana Members CU Health Savings Account charge?
Indiana Members CU Health Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Can you set up a direct deposit to Indiana Members 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 Indiana Members CU Health Savings Account?
The customer support email for Indiana Members CU Health Savings Account is members@imcu.com.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 1:00PM