I

Inova Federal Credit Union

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

Quick Summary

  • HSA savings account

The Verdict

Inova Federal Credit Union provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.

Established in 1942, INOVA was originally chartered to serve the employees of Miles Laboratories. Today, INOVA serves over 46,000 members and the employees of over 500 companies. We have seven INOVA branch locations in two states, over 5,600 service center locations and nearly 30,000 Free ATMs in our networks nationwide.

Through the years, INOVA has listened to the needs of our members, and met those needs with financial services that go beyond that of other financial institutions. Our goal is “to improve our members’ financial well-being.”

Key Features

Banking & Access

Includes debit card.

Investment Options

This provider focuses on cash savings without investment options.

Security & Insurance

Deposits are FDIC/NCUA insured for your protection.

Account Details

No minimum balance to open. no account opening fees.

Fee Analysis

Fee TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

Industry averages calculated from 853 providers in the HSA Orbit database.

Investment Options

Savings-Only Account

Inova Federal Credit Union currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.

Interest Rates

Standard Rates

Balance RangeAPY
$0+0.01%

Last updated: 03-19-2024

Contact Information

Address

358 S. Elkhart Ave Elkhart, IN 46515 Customer Service Mailing Address P.O. Box 1432 Elkhart, IN 46515

Customer Service

(800) 826-5465

358 S. Elkhart Ave Elkhart, IN 46515 Customer Service Mailing Address P.O. Box 1432 Elkhart, IN 46515

At a Glance

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.01%
Debit CardIncluded
FDIC InsuredYes

Pros & Cons

The Good

  • No monthly maintenance fees
  • No account opening or closing fees
  • FDIC/NCUA insured deposits

The Bad

  • No investment options available
  • No online banking

User Sentiment

Based on community feedback

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NegativeNeutralPositive

Sentiment data coming soon

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