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Last Updated: 04/18/2025

Magnifi Financial Health Savings Account

in Savings Accounts from Magnifi Financial

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

0.35% - 0.65%(Verified 06/21/2024)

Minimum Opening Deposit

$0

Minimum Balance to Earn APY

$0

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Magnifi Financial Health Savings Account Review

Magnifi Financial Health Savings Account is offered by Magnifi Financial, a credit union founded in 1939 and based in Melrose, MN. Magnifi Financial Health Savings Account are available in 50 states and Washington, DC.

Key Takeaways

  • Higher than average APY. Magnifi Financial Health Savings Account has an annual percentage yield of up to 0.65%, which is higher than the average interest rate for savings accounts.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.

Magnifi Financial Health Savings Account Pros & Cons

Magnifi Financial Health Savings Account FAQ

Are savings accounts from Magnifi Financial 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 Magnifi Financial offer a signup bonus?

Magnifi Financial Health Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Magnifi Financial Health Savings Account?

There is no minimum deposit to open a Magnifi Financial Health Savings Account.

What APY does Magnifi Financial Health Savings Account offer?

Magnifi Financial Health Savings Account offers a variable APY starting at 0.35% and ranging up to 0.65% (APY stands for annual percentage yield, rates may change).

What fees does Magnifi Financial Health Savings Account charge?

Magnifi Financial 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 Magnifi Financial Health Savings Account offer?

    This savings account includes the following features:
    • Mobile Banking Services - Magnifi Financial Health Savings Account allows you to manage your money online or with a mobile app.

    Can you set up a direct deposit to Magnifi Financial 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.

    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.

    Contact

    Headquarters

    20 4th Ave SE
    Melrose, MN 56352
    Visit Site

    Hours of Operation

    Sunday
    Closed
    Monday
    8:00AM - 3:00PM
    Tuesday
    8:00AM - 3:00PM
    Wednesday
    8:00AM - 3:00PM
    Thursday
    8:00AM - 3:00PM
    Friday
    8:00AM - 3:00PM
    Saturday
    Closed

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