What Is a High-Yield Checking Account
12/05/2022
A high-yield checking account has all the aspects of any other checking account but with the added bonus of being able to earn on your balance, along with other features and benefits.
Arkansas Federal Credit Union is dedicated to providing you with the ultimate banking experience. Our Elite and Premium checking accounts offer higher than the national average with the potential to earn more with us in a month than you would at other banks in an entire year.* Contact us today and meet with our experienced team to learn why so many people trust Arkansas Federal with all their financial needs.
Benefits of a High-Yield Checking Account
Opening a new high-yield checking account means you gain access to benefits that you can’t get from an average checking account. Arkansas Federal offers some of the best high-yield checking accounts with high APY and benefits.
Still not sure if a high-yield checking account is the right move for you? Check out all the advantages you’ll have when you open an Elite or Premium checking account with Arkansas Federal.
Lower Fees
Certain banking institutions and checking accounts will bombard you with fees and terms that are too confusing to understand, all while emptying your pockets. It can be difficult to find a banking institution that offers little to no fees, but with Arkansas Federal’s Elite or Premium checking account, you’ll enjoy less fees or no fees when minimum balance requirements are met.
Financial Advice And Management
Whether you need help with your day-to-day budget, bills, or looking for the best loan,, you can receive financial advice to make the best move for your financial situation.
Are High-Yield Accounts Worth It?
Just like making any major financial decision, it ultimately comes down to whether a high-yield checking account is worth it to you or not. Although high-yield checking accounts offer a variety of benefits for their users, there are requirements that may not fit your needs. Some banks have a balance requirement to open a high-yield account which can be higher, making it inaccessible for people with certain financial constraints. Another factor to take into consideration is the monthly service charge that can vary depending on who you bank with.
If you’re looking to get more out of your banking experience, then a high-yield checking account could be a step in the right direction. Considering the pros and cons is crucial for discovering if a high-yield account is the right choice for you financially.
High-Yield Checking With Arkansas Federal
If you have ultimately decided that a high-yield checking account is the right decision for you then look no further than Arkansas Federal Credit Union. We offer a higher dividend rate than most certificates, money markets, and savings accounts. Unlock access to exclusive benefits and features to get more from your checking account.
Automatically Save
When you open an Elite or Premium checking account with Arkansas Federal, you can also enroll in Cents to Savings, where we round up your debit card purchases to the nearest dollar and then send the difference directly to your savings account. There are no limits to what you can save and we make saving as easy as possible with our cents to savings feature!
Early Pay
If you’re tired of waiting around for your next pay day then we may have a solution with Arkansas Federal’s early pay feature. With the early pay feature you can get paid up to two days earlier with direct deposit.** Setting up early pay is easy, simply complete our payroll authorization form then submit the form to your employer’s payroll department. All it takes is two easy steps and you’re ready to enjoy an early payday!
More Benefits
Keeping up with your cards or wallet can be difficult, especially when traveling. Arkansas Federal is proud to offer cashless services through Apple Pay, Samsung Pay, and Google Pay. Another exclusive feature is Credit IQ where you can view and monitor your credit score. You can also enjoy access to free online and mobile banking along with the safety of direct deposit makes handling your money a breeze.
Learn More About Arkansas Federal High-Yield Checking
Learn why so many trust Arkansas Federal and our experienced team to handle their finances. If you are interested in learning more about our Elite or Premium checking account and benefits, stop by your local branch or call us at 800.456.3000.
