What Is A High-Yield Checking Account
Learn about premium checking accounts and they can be beneficial to you.
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as high as
4.00
%
APY
APY is Annual Percentage Yield. Premium Checking is a tiered rate variable product. The rate is effective as of 5/31/2023. To qualify for the 4.00% APY, the member must be in good standing and complete 10 monthly transactions of at least $1 each, defined as ACH, direct deposit, bill pay, debit card (used as debit or credit), and checks within the calendar month to receive earnings. Zelle® transactions currently do not count as a qualified transaction. Current inactive accounts can qualify for this offer by meeting the same criteria. When all requirements are met, 4.00% APY applies to balances up to $10,000, and anything $10,000.01 or more earns 0.05% APY. If the monthly qualifications are not met, the account will earn a reduced rate of 0.05% for the entire balance. Fees could also reduce earnings. A $15 monthly fee applies if the daily balance drops below $2,500. Offer and rates are subject to change. Exclusions may apply. Refer to the rate sheet for full details. Membership with Arkansas Federal Credit Union is required.
%
APY
Spend, earn, and enjoy!
Earn as high as 4.00% APY APY is Annual Percentage Yield. Premium Checking is a tiered rate variable product. The rate is effective as of 5/31/2023. To qualify for the 4.00% APY, the member must be in good standing and complete 10 monthly transactions of at least $1 each, defined as ACH, direct deposit, bill pay, debit card (used as debit or credit), and checks within the calendar month to receive earnings. Zelle® transactions currently do not count as a qualified transaction. Current inactive accounts can qualify for this offer by meeting the same criteria. When all requirements are met, 4.00% APY applies to balances up to $10,000, and anything $10,000.01 or more earns 0.05% APY. If the monthly qualifications are not met, the account will earn a reduced rate of 0.05% for the entire balance. Fees could also reduce earnings. A $15 monthly fee applies if the daily balance drops below $2,500. Offer and rates are subject to change. Exclusions may apply. Refer to the rate sheet for full details. Membership with Arkansas Federal Credit Union is required. on your Premium Checking balance each month while you shop, pay bills, and more. That’s a higher rate than most money markets, and savings accounts—all without being shackled to a bunch of extra fees.
Why let your money just sit there?
Put a little more Cha-Ching in your pocket with as high as 4.00% APY APY is Annual Percentage Yield. Premium Checking is a tiered rate variable product. The rate is effective as of 5/31/2023. To qualify for the 4.00% APY, the member must be in good standing and complete 10 monthly transactions of at least $1 each, defined as ACH, direct deposit, bill pay, debit card (used as debit or credit), and checks within the calendar month to receive earnings. Zelle® transactions currently do not count as a qualified transaction. Current inactive accounts can qualify for this offer by meeting the same criteria. When all requirements are met, 4.00% APY applies to balances up to $10,000, and anything $10,000.01 or more earns 0.05% APY. If the monthly qualifications are not met, the account will earn a reduced rate of 0.05% for the entire balance. Fees could also reduce earnings. A $15 monthly fee applies if the daily balance drops below $2,500. Offer and rates are subject to change. Exclusions may apply. Refer to the rate sheet for full details. Membership with Arkansas Federal Credit Union is required. just for doing things you do every day, like using your debit card. Open your Premium Checking account today!
Features & Benefits
Spend
Use your checking account, like a checking account. Make at least 10 transactions a month, and you’re eligible to earn as high as 4.00% APY APY is Annual Percentage Yield. Premium Checking is a tiered rate variable product. The rate is effective as of 5/31/2023. To qualify for the 4.00% APY, the member must be in good standing and complete 10 monthly transactions of at least $1 each, defined as ACH, direct deposit, bill pay, debit card (used as debit or credit), and checks within the calendar month to receive earnings. Zelle® transactions currently do not count as a qualified transaction. Current inactive accounts can qualify for this offer by meeting the same criteria. When all requirements are met, 4.00% APY applies to balances up to $10,000, and anything $10,000.01 or more earns 0.05% APY. If the monthly qualifications are not met, the account will earn a reduced rate of 0.05% for the entire balance. Fees could also reduce earnings. A $15 monthly fee applies if the daily balance drops below $2,500. Offer and rates are subject to change. Exclusions may apply. Refer to the rate sheet for full details. Membership with Arkansas Federal Credit Union is required..
Earn
Earn as high as 4.00% APY APY is Annual Percentage Yield. Premium Checking is a tiered rate variable product. The rate is effective as of 5/31/2023. To qualify for the 4.00% APY, the member must be in good standing and complete 10 monthly transactions of at least $1 each, defined as ACH, direct deposit, bill pay, debit card (used as debit or credit), and checks within the calendar month to receive earnings. Zelle® transactions currently do not count as a qualified transaction. Current inactive accounts can qualify for this offer by meeting the same criteria. When all requirements are met, 4.00% APY applies to balances up to $10,000, and anything $10,000.01 or more earns 0.05% APY. If the monthly qualifications are not met, the account will earn a reduced rate of 0.05% for the entire balance. Fees could also reduce earnings. A $15 monthly fee applies if the daily balance drops below $2,500. Offer and rates are subject to change. Exclusions may apply. Refer to the rate sheet for full details. Membership with Arkansas Federal Credit Union is required. on your monthly balance up to $10,000. Just make 10 or more transactions a month. That’s it.
Enjoy
Enjoy a great rate of return, with no fees and no hassles, when you meet the monthly requirements.1 Spend, earn, and enjoy. It’s that easy.
More Great Benefits
Extended Warranty Insurance
When you use your debit card, you’ll enjoy double the time period and duplicate the coverage of the original manufacturer’s or U.S. store brand warranty for a maximum of one year.4
$0 Monthly Fee
Enjoy no monthly fee with a daily balance of $2,500.
Access over 30,000 ATMs
Choose from our network of more than 30,000 ATMs across the country.
Tap to Pay (Contactless)
Pay in seconds with a tap of your card at a contactless-enabled terminal.
Digital Banking
Enjoy convenient, secure 24/7 access to your accounts right from your computer, tablet, or smartphone. Control your card 24/7, monitor your credit score with Credit IQ, pay bills, send secure messages, make digital payments, and so much more.
Digital Wallet
Instead of carrying your card around, securely store it in your phone’s digital wallet for quick checkouts in-store or online.
ID Theft ProtectionTM
Should you become the victim of Identity Theft, Mastercard will assist you with credit bureau notification and debit card replacement and provide you with an ID Theft Affidavit.4
$0 Fraud Liability
You won’t be held responsible for unauthorized charges made with your account or account information.$0 Fraud Liability: Certain restrictions apply. See www.mastercard.us/zero-liability for details.
Also Included
- Turn your card on and off, set spending limits, and receive alerts with My Cards
- Quickly and securely send money to friends and family with Zelle®
- Online bill pay
- Access to e-Statements, e-Notices, and e-Alerts
- Get paid safely and conveniently using Direct Deposit
Go Cashless
When you add Apple Pay, Google Pay or Samsung Wallet to your credit or debit card, you not only save time at checkout, your payments are safer. Click the logos below for information on how to get started.
Frequently Asked Questions
What is a high-yield checking account?
It’s a checking account that helps you earn more on the money you keep in your account. You still get convenient access to your money, but with the opportunity to earn a higher rate on your balance. With Premium Checking, that rate can be as high as 4.00% APY APY is Annual Percentage Yield. Premium Checking is a tiered rate variable product. The rate is effective as of 5/31/2023. To qualify for the 4.00% APY, the member must be in good standing and complete 10 monthly transactions of at least $1 each, defined as ACH, direct deposit, bill pay, debit card (used as debit or credit), and checks within the calendar month to receive earnings. Zelle® transactions currently do not count as a qualified transaction. Current inactive accounts can qualify for this offer by meeting the same criteria. When all requirements are met, 4.00% APY applies to balances up to $10,000, and anything $10,000.01 or more earns 0.05% APY. If the monthly qualifications are not met, the account will earn a reduced rate of 0.05% for the entire balance. Fees could also reduce earnings. A $15 monthly fee applies if the daily balance drops below $2,500. Offer and rates are subject to change. Exclusions may apply. Refer to the rate sheet for full details. Membership with Arkansas Federal Credit Union is required. on balances up to $10,000 when you meet the monthly qualifications.
What happens if I don’t make 10 qualifying transactions one month?
You’ll still earn interest, just at a lower rate. If you don’t meet the monthly qualifications, your entire balance will earn 0.05% APY for that month. Meet the requirements the following month, and you can start earning the higher rate again.1
What counts as a qualifying transaction?
You have plenty of options. ACH transactions, direct deposits, bill payments, debit card purchases, and checks can all count toward your 10 monthly transactions, as long as each transaction is at least $1. Zelle®️ transactions currently don’t count toward the requirement.1
Is my money safe?
Yes, your deposits are federally insured by the National Credit Union Administration (NCUA), so you can feel confident about where you keep your money.
