High-Yield Checking

Unlock higher earnings with a High-Yield Checking account.

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Maximize your earning potential.

Get more out of your checking account. Combine easy access to your money with the earning potential of a savings account, and see why a High-Yield Checking account is perfect for you.

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Enroll in eDocuments to access up to two years of statements all in the Wings Mobile App or CU Online.

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Earn 1.76% APY on balances up to $25,000*

High-Yield Checking Account †† Dividend Rate Annual Percentage Yield
If Requirements are Met
On the first $25,000 1.75% 1.76%
Amounts over $25,000 0.05% 0.05%
If Requirements are Not Met
All Balances 0.05% 0.05%

†† Dividends are calculated based on the average daily balance in the account. If requirements are met, a higher rate will be paid for the first $25,000 and a lower rate will be paid for any amounts over $25,000.

Boost your rate with High-Yield Checking.

A High-Yield Checking Account lets you take advantage of higher rates when your account meets certain requirements. If you’re planning to set up direct deposits into the account, receive electronic statements each month and regularly use your debit card, this could be the right account for you.

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Cash back makes every day better with the Member Cash Rewards Visa® Signature Card

From Monday takeout dinners to weekly fill-ups to summer getaways, the Member Cash Rewards Visa Signature card turns your purchases into cash back you can use any way you like. Earn 1.5% cash-back rewards on every purchase. Plus, earn $100 bonus after spending $1,000 in the first 90 days.

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Common Questions about High-Yield Checking

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What is considered a debit card transaction for High-Yield Checking?

A transaction is a PIN or signature point-of-sale purchase of over $5 in the 34 calendar days preceding the last day of the month.

The net is calculated by counting the number of PIN and signature point-of-sale debit purchase transactions over $5 and subtracting any PIN or signature point-of-sale debit return transactions processed during that period.

Can I switch my current checking account to a High-Yield Checking account?

Yes, you can retitle your checking account to the High-Yield Checking account. Your cards and account numbers will remain the same.

What are the requirements to earn the advertised APY on a High-Yield Checking account?
  • You must have $300 in direct deposit
  • You must be enrolled in eDocuments
  • You must make at least 15 debit card transactions each month.
Is a High-Yield Checking account eligible for Wings Member Rewards?

The High Yield Checking account is not eligible for Wings Members Rewards. If you are currently enrolled in Wings Member Rewards, all points must be used before your account is retitled.

This applies to members who use rewards for the debit card only. Reward points will not be affected if you also have a Wings Member Rewards Visa credit card.

How often are dividends paid on my High-Yield Checking account?

Dividends are paid monthly (for example: January 1 – January 31).

Dividends will begin to accrue on the business day of deposit. Dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period.

Will I be notified if I am at risk of not meeting the monthly requirements for my High-Yield Checking account?

Yes, you will receive an alert email detailing if you have met any of the requirements and also what requirements you need to complete before the end of the month.

*APY Annual Percentage Yield.

Rates effective as of March 18, 2020 and subject to change.

Balance Rate Annual Percentage Yield (APY)
If requirements are met:    
$0 - 25,000.00 1.75% 1.76%
$25,000.01+1 0.05% 0.05% - 1.76%
If requirements are not met: 0.05% 0.05%

1If rate requirements are met, the APY will vary based on the balance in the account. The rate paid on balances up to $25,000 will be 2.00% and the rate paid on balances over $25,000 will be 0.05%.

RATE REQUIREMENTS
To earn the higher dividend rate, members must meet the following requirements:

- Must be enrolled in eDocuments
- Must have ACH direct deposit(s) totaling over $300 in the 34 calendar days preceding the last day of the month
- Must have 15 net PIN or signature point-of-sale debit card transactions over $5 in the 34 calendar days preceding the last day of the month. The net is calculated by counting the number of PIN and signature point-of-sale debit purchase transactions over $5 and subtracting any PIN or signature point-of-sale debit return transactions processed during that period.

Membership with a $5.00 minimum opening deposit required.

Savings & Checking Disclosure & Fee Schedule

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