Thursday, July 3, 2014 - 10:58 PMINOVA Federal Credit Union
I just learned that Inova Federal Credit Union has changed the terms of its Ovation Checking Account necessary to earn 3% interest. Formerly, among other things, you had to have 15 debit card transactions (signature based) and they could be any amount. It was great for earning 3% interest on sums up to $15,000, since you could have the transactions in minimal amounts. The CSR had told me that I could buy a pack of gum and it would count. Now however, you are required to have "5 signature-based debit card transactions which must exceed $50.00 per transaction each statement period with your INOVA Check Card." So although the transactions are less you must spend at least $250.00 each month to qualify for the higher interest rate.
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Aug 23, 2010
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