UT Federal Credit Union
Quick Summary
- HSA savings account
The Verdict
UT Federal Credit Union provides essential HSA features with a monthly fee of $1.95 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
UT Federal Credit Union was established and chartered on May 15th, 1969 by a small group of University of Tennessee employees looking for a safe place to manage funds for its owners. The “people helping people” philosophy was the foundation of the newly formed cooperative.
There have been many changes at the credit union since its founding half a century ago. UTFCU’s field of membership has expanded from University of Tennessee employees to a community charter (anyone may join), members have increased from 300 to nearly 25,000, assets from $2 million to nearly $350 million, and staff has grown from two part-time employees to 80 full-time team members.
While products, services, locations, and technology also continue to expand, the credit union has strived to stay true to its roots: a cooperative of people helping people.
Key Features
Banking & Access
Basic account access provided.
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 Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $1.95 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
UT 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 Range | APY |
|---|---|
| $0+ | 0.10% |
Last updated: 08-19-2024
Contact Information
Address
2100 White Avenue Knoxville, TN 37916 Customer Service Mailing Address P.O. Box 51848 Knoxville, TN 37950
Customer Service
800-264-1971
2100 White Avenue Knoxville, TN 37916 Customer Service Mailing Address P.O. Box 51848 Knoxville, TN 37950
At a Glance
Pros & Cons
The Good
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $1.95
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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