Monday, April 2, 2012 - 6:03 AM

Review Of Joining INOVA FCU And Transferring An IRA To INOVA

INOVA Federal Credit Union (0 stars) - Details

Kevin On Investing has a useful review of his experience joining INOVA Federal Credit Union and transferring his IRAs into INOVA to take advantage of its 6-year IRA CD. Unfortunately, that 6-year CD rate has fallen, but it's still a good deal.

KenBDG5,147 posts since
Nov 29, 2009
Rep Points: 117,067

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1. Tuesday, April 3, 2012 - 3:20 PM

I also have published a short blog post that discusses the lower rates, and how this affects my evaluation of the INOVA CDs, but of course you do a great job of covering the general topic here.

Kevin

KevinM13 posts since
Mar 30, 2012
Rep Points: 28

2. Sunday, April 22, 2012 - 3:03 AM

As stated in Ken's most recent CD blog post, INOVA CD rates are no longer competitive, so my blog post now is obsolete. Hopefully many of you got in on the deal while the getting was good.

Kevin

KevinM13 posts since
Mar 30, 2012
Rep Points: 28

3. Sunday, April 22, 2012 - 9:45 AM

The rate on the 6 year step-up has drop a little more then 1%, since late March 2.40 apy rate. From my dealings with them in late March, didn't appear they were swamped with new accounts. The deal was around for couple of months.

lof6 posts since
May 14, 2011
Rep Points: 68