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