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Deposits federally insured to at least $250,000 by the National Credit Union Administration.

Rates effective as of  March 24, 2023 and are subject to change without notice.

Deposit Rates

Shield Checking Learn More

Minimum Balance to Earn APY Rate APY
$0 - $15,000 with requirements met 3.93% 4.00%
$15,000.01+ 0.07% 0.07%
No Requirements Met 0.07% 0.07%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period.  Shield Checking account is a tiered rate account. If your average daily balance is $15,000.00 or below and you meet all of the following requirements, the first dividend rate and annual percentage yield listed for this account in the Rate Schedule will apply: 1) you complete at least 8 debit card transactions each statement period; and 2) maintain an average daily balance greater than $3,500.00. The second dividend rate and range of annual percentage yield listed for this account will apply to any balances above the initial $15,000.00. Each rate will apply only to that portion of the account balance within each balance range. For example: if you have a balance of $16,000.00, you will earn the first dividend rate on $15,000.00 and the second dividend rate on $1,000.00. If you do not meet the requirements to earn the premium dividend rate, the third dividend rate and annual percentage yield listed for this account will apply to the entire balance in the account.  Rates are subject to change without notice. There is a $5 per month service fee for Shield Checking account. Fees could reduce the earnings on the account.

Checking Accounts

Account Minimum Balance Rate APY
Elite Checking $2,000+ 0.50% 0.50%
Elite Checking $0 - $1,999.99 0.15% 0.15%
Advantage 50 Checking $0 0.07% 0.07%
Performance Checking $0 0.07% 0.07%
Business Dividend Checking $0 0.25% 0.25%
Health Savings Account (HSA) $0 0.01% 0.01%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. The Dividend Period is the calendar month, the Dividend Frequency is monthly, and the Dividends are compounded monthly.  Transaction items include all debits and credits. Rates are subject to change without notice. $10 Minimum opening deposit.

A $7.50/month fee if the balance falls below $2,000 for the Elite Checking Account. Fees could reduce the earnings on the account.

Health Savings accounts are subject to limitations and/or penalties by the Internal Revenue Service.

Ovation Business Checking

Balance Rate APY
$100,000.01+ 0.35% 0.35%
$50,000.01 - $100,000 0.30% 0.30%
$25,000.01 - $50,000 0.25% 0.25%
$10,000.01 - $25,000 0.15% 0.15%
up to $10,000 0.00% 0.00%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period.  A fee of 0.25 cents will be charged for each transaction in excess of 250 per month.  Free unlimited transactions at any INOVA FCU ATM.  Nonproprietary ATM transactions $2.00 fee per transaction.  No surcharge fees if using an AllianceOne or CO-OP Network ATM. Minimum daily balance of $500.00 required to avoid a monthly service fee of $10.00.  A minimum daily balance of $ 10,000.01 is necessary to obtain dividends. No new Business Ovation Checking accounts will be opened. This account no longer offered. Rates and terms apply to existing accounts only.  Rates are subject to change without notice.

Savings Accounts Learn More

Account Minimum Balance to Earn  APY Rate APY
Shield Money Market1 $250,000 3.06% 3.10%
Shield Money Market1 $100,000 2.08% 2.10%
Shield Money Market1 $50,000 1.09% 1.10%
Shield Money Market1 $0-49,000 1.09% 1.10%
Shield Money Market Standard1 $0 0.01% 0.01%
Emerald Money Market $250,000 2.96% 3.00%
Platinum Money Market Savings $100,000 1.98% 2.00%
Gold Money Market Savings $50,000 1.00% 1.00%
Membership Savings $100 0.01% 0.01%
Special Savings $0 0.01% 0.01%
Christmas Club $0 0.01% 0.01%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. Rates are subject to change without notice.

1A member must have a Shield Checking Account to be eligible to open the Shield Money Market Account. For Shield Money Market Accounts, if you meet the requirements for the Shield Checking Account, the first dividend rate (or higher yield) and annual percentage yield will apply to the entire balance in the Shield Money Market Account. The qualifications for the member’s Shield Checking Account are: (1) complete at least 8 debit card transactions each statement period, and (2) maintain an average daily balance greater than $3,500.00. If you do not meet the requirements, the second dividend and annual percentage yield listed for the Shield Money Market Account will apply to the entire balance. The balance method used to calculate the interest for the Shield Money Market Account is the Daily Balance Method.

Business Saving Accounts Learn More

Account Minimum Balance to Earn  APY Rate APY
Emerald Money Market $500,000 3.45% 3.50%
Platinum Money Market Savings $250,000 1.98% 2.00%
Gold Money Market Savings $50,000 1.00% 1.00%
Membership Savings $100 0.01% 0.01%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. Rates are subject to change without notice.

Certificates Learn More

Term Minimum Opening Deposit Dividend Rate APY

20 Month

$200

5.37%

5.50%

11 Month

$200

5.13%

5.25%

5 Year

$200

2.96%

3.00%

6 Year

$200

2.72%

2.75%

4 Year

$200

2.37%

2.40%

3 Year

$200

2.28%

2.30%

30 Month

$200

2.23%

2.25%

12 Month

$200

1.98%

2.00%

2 Year

$200

1.49%

1.50%

18 Month

$200

1.44%

1.45%

6 Month

$200

0.85%

0.85%

91 Day

$200

0.75%

0.75%

60 Day

$200

0.05%

0.05%

30 Day

$200

0.05%

0.05%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period.  The Dividend Period is the calendar month, the Dividend Frequency is monthly, and the Dividends are compounded monthly.  Penalty for early withdrawal. Fees may reduce earnings. Minimum $200.00 deposit.  Rates are subject to change without notice.

 

Step Up Certificates Learn More

Term Minimum Opening Deposit Dividend Rate APY
20 Month $200 5.37% 5.50%
6 Year $200 2.72% 2.75%
5 Year $200 2.72% 2.75%
4 Year $200 2.13% 2.15%
3 Year $200 2.03% 2.05%
30 Month $200 1.98% 2.00%
2 Year $200 1.24% 1.25%
18 Month $200 1.19% 1.20%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period.  The Dividend Period is the calendar month, the Dividend Frequency is monthly, and the Dividends are compounded monthly.  Penalty for early withdrawal. Fees may reduce earnings. Minimum $200.00 deposit.  Rates are subject to change without notice.

 

Business Step Up Certificates Learn More

Term Minimum Opening Deposit Dividend Rate APY
2 Year $1,000 1.05% 1.05%
18 Month $1,000 0.30% 0.30%
1 Year $1,000 0.30% 0.30%
6 Month $1,000 0.20% 0.20%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period.  The Dividend Period is the calendar month, the Dividend Frequency is monthly, and the Dividends are compounded monthly.  Penalty for early withdrawal. Fees may reduce earnings. Minimum $1000.00 deposit.  Rates are subject to change without notice.

IRA Savings Learn More

Account Minimum Balance Rate APY
IRA Financial Management Account $100,000.01+ 1.00% 1.00%
IRA Financial Management Account $50,000.01 - $100,000 0.85% 0.85%
IRA Financial Management Account $25,000.01 - $50,000 0.75% 0.75%
IRA Financial Management Account $10,000.01 - $25,000 0.50% 0.50%
IRA Money Market Savings $0 0.05% 0.05%
IRA Financial Management Account up to $10,000 0.25% 0.25%
IRA Savings $0 0.01% 0.01%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. IRA Savings, IRA Money Market, and IRA Financial Management, accounts are subject to limitations and/or penalties by the Internal Revenue Service.  Rates are subject to change without notice.

IRA Certificates Learn More

Term Minimum Opening Deposit Dividend Rate APY
20 Month $200 5.37% 5.50%
11 Month $200 5.13% 5.25%
5 Year $200 2.96% 3.00%
6 Year $200 2.72% 2.75%
4 Year $200 2.37% 2.40%
3 Year $200 2.28% 2.30%
30 Month $200 2.23% 2.25%
2 Year $200 1.49% 1.50%
18 Month $200 1.44% 1.45%
6 Month $200 0.85% 0.85%
91 Day $200 0.75% 0.75%
30 Day $200 0.05% 0.05%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. The Dividend Period is the calendar month, the Dividend Frequency is monthly, and the Dividends are compounded monthly.  Penalty for early withdrawal. Fees may reduce earnings. Minimum $200.00 deposit.  Rates are subject to change without notice.

 

IRA Step Up Certificates Learn More

Term Minimum Opening Deposit Dividend Rate APY
20 Month $200 5.37% 5.50%
6 Year $200 2.72% 2.75%
5 Year $200 2.72% 2.75%
4 Year $200 2.13% 2.15%
3 Year $200 2.03% 2.05%
30 Month $200 1.98% 2.00%
2 Year $200 1.24% 1.25%
18 Month $200 1.19% 1.20%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. The Dividend Period is the calendar month, the Dividend Frequency is monthly, and the Dividends are compounded monthly.  Penalty for early withdrawal. Fees may reduce earnings. Minimum $200.00 deposit.  Rates are subject to change without notice.

 

Financial Management Account Learn More

Balance Rate APY
$100,000.01+ 1.00%

1.00%

$50,000.01 - $100,000 0.85% 0.85%
$25,000.01 - $50,000 0.75% 0.75%
$10,000.01 - $25,000 0.50% 0.50%
Up to $10,000 0.25% 0.25%

The Annual Percentage Yield (APY) is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. Rates may vary and fees may reduce earnings. Rates are subject to change without notice.

Loan Rates

Mortgage Rates Learn More

Type Rate APR
10 Year Fixed Rate 6.000% 6.223%
15 Year Fixed Rate 6.000% 6.178%
20 Year Fixed Rate 6.375% 6.513%
30 Year Fixed Rate 6.500% 6.640%
No Closing Cost - 15 Year Fixed Rate 6.250% 6.476%
No Closing Cost - 20 Year Fixed Rate 6.625% 6.810%
No Closing Cost - 30 Year Fixed Rate 6.750% 6.893%
Retirement Ready - 5 Year Fixed Rate 5.750% 6.062%
Retirement Ready - 10 Year Fixed Rate 5.875% 6.189%
FHA - 15 Year Fixed Rate 6.000% 7.315%
FHA - 30 Year Fixed Rate 6.500% 7.436%
FHA No Closing Cost - 15 Year Fixed Rate 6.250% 7.572%
FHA No Closing Cost - 30 Year Fixed Rate 6.750% 7.696%
Adjustable Rate Program - 3/6 ARM
Rate may be increased after closing
6.125% 6.911%
Adjustable Rate Program - 5/6 ARM
Rate may be increased after closing
6.250% 6.838%
Adjustable Rate Program - 7/6 ARM
Rate may be increased after closing
6.375% 6.813%
No Closing Cost - Adjustable Rate Program - 3/6 ARM
Rate may be increased after closing
6.375% 6.977%
No Closing Cost - Adjustable Rate Program - 5/6 ARM
Rate may be increased after closing
6.500% 6.939%
No Closing Cost - Adjustable Rate Program - 7/6 ARM
Rate may be increased after closing
6.625% 6.945%
Land Loan 8.000% 8.641%

Annual Percentage Rate (APR). Please note that the interest rate and fees shown here are available to borrowers with an excellent credit history. The actual interest rate and fees available to you will be based on your credit history and may be different than the rates displayed here.

Rates effective as of March 9, 2023 and are subject to change without notice.

New Vehicle Purchase Rates (2023) Learn More

Term APR
48 months or less 6.00%
49 - 72 months 6.00%
73 - 84 months 7.00%

Annual Percentage Rate (APR). Loan to Value and credit restrictions apply for rates listed above and are subject to change without notice. 2023 vehicles will only be considered new if it has never been titled or if purchased in the last 45 days and has less than 7,500 miles. 73-84 Month Term Requires Minimum $15,000.00 Loan Amount. 

Rates for vehicle refinancing may be different. Rates listed are subject to credit approval. Please contact a Lending Expert for more details at (800) 826-5465.

Used Vehicle Purchase Rates (2023 - 2018) Learn More

Term APR
48 months or less 6.00%
49 - 72 months 6.00%
73 - 84 months 7.00%

Annual Percentage Rate (APR). Loan to Value and credit restrictions apply for rates listed above and are subject to change without notice. Terms over 72 months require $25,000 minimum loan amount, and vehicle must be 2018 or newer. 

Rates for vehicle refinancing may be different. Rates listed are subject to credit approval. Please contact a Lending Expert for more details at (800) 826-5465.

Used Vehicle Purchase Rates (2017 - 2015) Learn More

Term APR
48 months or less 6.25%
49 - 60 months 6.25%
61 - 72 months 6.25%

Annual Percentage Rate (APR). Loan to Value and credit restrictions apply for rates listed above and are subject to change without notice. Terms over 61 months require $15,000 minimum loan amount, and vehicle must be 2015 or newer. 

Rates for vehicle refinancing may be different. Rates listed are subject to credit approval. Please contact a Lending Expert for more details at (800) 826-5465.

Used Vehicle Purchase Rates (2014 and older) Learn More

Term APR
48 months or less 6.50%
49 - 60 months 6.50%

Annual Percentage Rate (APR). Loan to Value and credit restrictions apply for rates listed above and are subject to change without notice. Used Vehicles 2014 and older have a maximum term of 60 months.

Rates for vehicle refinancing may be different. Rates listed are subject to credit approval. Please contact a Lending Expert for more details at (800) 826-5465.

Motorcycles and Recreational Vehicle Purchase

Type Term APR
New Harley/Goldwing Motorcycles 60 months or less 6.00%
New Harley/Goldwing Motorcycles 60 - 66 months 6.25%
New Harley/Goldwing Motorcycles 67 - 72 months 6.50%
Used Harley/Goldwing Motorcycles 60 months or less 6.75%
New Recreational Vehicles (Motorhomes, Campers, Boats) 60 months or less 6.25%
New Recreational Vehicles (Motorhomes, Campers, Boats) 61 - 84 months 6.50%
Used Recreational Vehicles (Motorhomes, Campers, Boats) 60 months or less 6.75%
Used Recreational Vehicles (Motorhomes, Campers, Boats) 61 - 84 months 7.00%
ATVs, Trailers & Other Toys 60 months or less 8.25%

Annual Percentage Rate (APR). Loan to value and credit restrictions apply for rates listed above and are subject to change without notice. Rates listed are subject to credit approval.  

Visa® Credit Cards Learn More

Card Type Revolving Rate
Business Visa Rewards3 8.99% - 17.99%2
Platinum Visa  9.99% - 17.99%
Visa Global Good 9.99% - 17.99%
Platinum Visa Rewards3 13.99%1
Share Secured Platinum Visa 17.99%1

1Annual Percentage Rate. The Introductory APR offer is only available for new Platinum Visa, Platinum Visa Rewards, and Global Good Visa accounts. The Introductory APR applies to purchases, balance transfers, and cash advances posted to your account during the first 7 billing cycles. Rates adjust to the contract APR (currently 9.99% - 17.99%) after the introductory period.  Cash advance fees of $5, or 4% of the amount of each cash advance will apply, whichever is greater. Foreign transaction fees of 0.80% for each single currency transaction in U.S. Dollars, and – 1.0% of each multiple currently transaction in U.S. Dollars will apply. Signed application and proof of income required. Full terms and conditions of the account available upon approval.

2  Annual Percentage Rate. Cash advance fees of $5, or 4% of the amount of each cash advance will apply, whichever is greater. Foreign transaction fees of 0.80% for each single currency transaction in U.S. Dollars, and – 1.0% of each multiple currently transaction in U.S. Dollars will apply.  No annual fee.  Signed application,  obtain credit report to evaluate the applicants creditworthiness, and proof of income required.  Full terms and conditions of the account available upon approval. Rates adjust to the contract APR (currently 8.99% - 17.99%).  Rates subject to credit worthiness.

3Earn one (1) point for every $1.00 in net purchases made with the Platinum Visa Rewards and Business Visa Rewards Credit Card. No points will be earned for cash advances including convenience checks or for balance transfers. Minimum redemption is $25.00. Reward points may be redeemed any time a user has accumulated enough points for a redemption option. Rewards points will be deducted for returned purchases at the same rate they are earned. Credit rewards points not redeemed will expire after 5 years. Reward points may be redeemed online by logging into rewards.inovafederal.org; in person by visiting the nearest INOVA branch location; by calling 800-826-5465; or by sending a written request to INOVA Federal Member Services Department, P.O. Box 1148, Elkhart, Indiana 46516. Rewards program subject to change at any time.

Personal Loans Learn More

Type Term APR
Signature Loans 0 - 48 months 13.99%
Revolving Line of Credit* n/a 14.99%

Annual Percentage Rate (APR). Rates are based on evaluation of credit history so the rate may differ.  Rates are subject to change without notice.

*There is a LOC advance fee of $5.00 per transfer.

Home Equity Loans Learn More

Type Revolving Line
Powerhouse Prime + zero 4.00% floor 8.00%

Annual Percentage Rate (APR). Rates are based on evaluation of credit history so rate may differ. 

A Home Equity Line of Credit (HELOC) is a variable rate product.  APR adjusts quarterly based on the Prime Rate as published in the Wall Street Journal.  Value of your home is determined by estimating the appreciation value of your property since the opening date of your mortgage. The estimated value of your home and Available Home Equity Line amount may change based on the application date. A free current Automated Evaluation Method or assessed value will be obtained on the application date to finalize Line Amount. This value, less any outstanding mortgage loan balances, will be used to determine available equity. Combined Loan to Value (LTV) not to exceed 100%. Maximum Credit limit $250,000.  No closing costs for 2nd lien position.  Minimum Monthly Payment is 1% of loan balance or $50.00, whichever is greater, during the draw period. Draw period ends 5 years from date of closing. At the end of the draw period we will recalculate your payment. Your payment will be reset to pay the balance at the end of the draw period, at the current annual percentage rate, over 120 monthly payments. Offer subject to credit approval.  Primary residences only.  Not available in all states.  Not available for manufactured homes.  Property insurance is required.  Flood insurance may be required.  Payment does not include taxes or insurance.