High Yield Checking
HIGH YIELD CHECKING BENEFITS
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HIGH YIELD CHECKING FEATURES
Manage your money like a pro.
- Set up direct deposit and get your paycheck up to two days early.*
*With Early Pay, we may make incoming electronic direct deposits made through the Automated Clearing House (ACH) available for use up to two days before the scheduled payment date. Not all direct deposits are eligible for Early Pay. Early availability of direct deposits is not guaranteed and may vary from deposit to deposit. Whether we make funds available early depends on when we receive the payor’s payment instructions, any limitations we set on the amount of early availability, and standard fraud prevention screening. Available for personal accounts only. Eligible direct deposits are limited to electronic direct deposits of items such as your payroll, pension, and government benefit payments made through the Automated Clearing House (ACH) to your personal account. Other deposits or credits to your account, such as deposits of funds from person-to-person payment services (e.g., Zelle®, Venmo, or PayPal transfers), FedNow, Real-Time Payments (RTP), check or mobile deposits, and other online transfers or electronic credits are not eligible for Early Pay.
- From one-on-one coaching to webinars, you'll be equipped with money tips, tricks, and tools.
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- ClickSWITCH will quickly and securely move direct deposits and recurring payments to your Y-12 Credit Union account.
- Securely transfer recurring payments such as utilities, car payments, mortgage payments, and credit card payments.
- Transfer direct deposits from your employer.
- Notify auto-debit payees of your new account information.
- Allow closing of your prior account
- Receive real-time switch confirmation.
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- Enjoy easy access to our 20,000+ fee-free ATM network.
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- Access your accounts anytime, anywhere with our Digital Banking app.
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RESOURCES
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1. The Annual Percentage Yields (APYs) for High Yield Checking, effective 01/17/2025, are: 3.50% for balances of $0 to $15,000.00; 0.05% for balances of $15,000.01 and over. Monthly requirements:15 cleared and posted debit and/or credit card combined transactions; minimum $2,000 average daily balance or cumulative $1,000 monthly direct deposit. If requirements are not met, a $5 monthly service fee will be charged and dividends will not be paid. Requirements are waived for members ages 14-23 years old. Rates subject to change without notice after account opening. Fees may reduce earnings on account. Federally insured by NCUA.
2. Cardholders will automatically earn points for every dollar spent with Loyalty Card Rewards. There are no eligibility requirements for Loyalty Card Rewards. Visa Reward Debit cardholders earn 0.25% for signature purchases. Purchases using a PIN are not included.
3. Direct deposit consists of an electronic deposit of wages, pension and/or social security benefits. Transfers of funds, mobile deposits, and deposits from payment vendors (PayPal, Venmo) do not qualify.
4. High Yield Checking account required for High Yield Money Market. Must maintain a minimum average daily balance of $25,000 and meet High Yield Checking account qualifiers to earn dividends for High Yield Money Market. No dividends are paid for the dividend period if qualifiers are not met. High Yield Checking qualifiers to earn High Yield dividends: 15 debit and/or credit card monthly combined transactions; minimum $2,000 average daily balance or cumulative $1,000 monthly direct deposit. Direct deposit consists of an electronic deposit of wages, pension and/or social security benefits. Transfers of funds, mobile deposits, and deposits from payment vendors (PayPal, Venmo) do not qualify. The Annual Percentage Yield (APY), effective 01/17/2025, for High Yield Money Market is 4.00% if High Yield Checking and minimum balance requirements are met. 1.00% APY for average daily balances $25,000 and over if requirements are not met for High Yield Checking. If High Yield Checking is closed, High Yield Money Market must be closed. Rates subject to change without notice after account opening. Fees may reduce earnings on account. Federally insured by NCUA.
