Last Updated: 04/18/2025
Inova Federal Credit Union Financial Management Account
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% - 1.00%(Verified 06/21/2024)
Minimum Opening Deposit
$2,000
Minimum Balance to Earn APY
$2,000
Inova Federal Credit Union Financial Management Account Review
Inova Federal Credit Union Financial Management Account is offered by Inova Federal Credit Union, a credit union founded in 1942 and based in Elkhart, IN. Inova Federal Credit Union Financial Management Account are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. Inova Federal Credit Union Financial Management Account has an annual percentage yield of up to 1.00%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $2000 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- Large minimum initial deposit. You need a minimum deposit of $2,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- No ATM fees. Inova Federal Credit Union Financial Management Account does not charge fees on ATM transactions .
Inova Federal Credit Union Financial Management Account Pros & Cons
| Pros | Cons |
|
|
Inova Federal Credit Union Financial Management Account FAQ
Are savings accounts from Inova 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 Inova Federal Credit Union offer a signup bonus?
Inova Federal Credit Union Financial Management Account doesn't offer a signup bonus.
What is the minimum initial deposit for Inova Federal Credit Union Financial Management Account?
The minimum deposit to open a Inova Federal Credit Union Financial Management Account is $2,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $2,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Inova Federal Credit Union Financial Management Account offer?
Inova Federal Credit Union Financial Management Account offers a variable APY starting at 0.25% and ranging up to 1.00% (APY stands for annual percentage yield, rates may change).
What fees does Inova Federal Credit Union Financial Management Account charge?
Inova Federal Credit Union Financial Management 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 $10.00 fee.
- Outgoing international bank transfers come with a $50.00 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 $10.00 fee.
- An overdraft on your account will trigger a $29.00 fee per item.
- Inova Federal Credit Union Financial Management Account charges $2.50 every time you request a paper statement.
Does Inova Federal Credit Union Financial Management Account charge overdraft fees?
Yes, Inova Federal Credit Union Financial Management Account charges a $29.00 overdraft fee. Inova Federal Credit Union Financial Management Account offers overdraft protection at a cost of $3.00 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 Inova Federal Credit Union Financial Management Account offer?
This savings account includes the following features:
- Mobile Banking Services - Inova Federal Credit Union Financial Management Account 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 Inova Federal Credit Union Financial Management 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 Inova Federal Credit Union Financial Management Account?
The customer support email for Inova Federal Credit Union Financial Management Account is socialmedia@inovafcu.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 - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 12:00PM