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Change In Ovation Checking Account At Inova FCU

Thursday, July 3, 2014 - 10:58 PMINOVA Federal Credit Union - Details
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.
InforayInforay11 posts since
Aug 23, 2010
Rep Points: 301
1. Friday, July 4, 2014 - 12:21 AM
This change was discussed in depth in an earlier thread from May:
dunkerdunker136 posts since
Jun 11, 2010
Rep Points: 414