High Yield Checking
Meet Simple Requirements
- One or more direct deposit or ACH withdrawal from the account each cycle
- Twelve or more SIGNATURE-BASED debit card transactions posted each cycle
- Sign up for E-Statements through Capital Online (must accept disclosure online)
- Requirements must be met within the cycle period† to receive the rewards
Enjoy Great Rewards
- Earn 3.10%* APY on all balances up to $25,000.00* **
- Earn 1.00%* APY on every dollar over $25,000.00* **
- Nationwide ATM refunds up to $25.00 per cycle period (on rewards account)
- No monthly fees or minimum balances required
Current High Yield Checking Rates
Rate Effective Date: 06/09/2010
| $0.00 to $25,000.00 |
| With Qualifications |
3.06% |
3.10% |
| Without Qualifications |
0.10% |
0.10% |
| Every dollar over $25,000 |
| With Qualifications |
1.00% |
1.00% |
| Without Qualifications |
0.10% |
0.10% |
Important Details
- Only one high yield account per main member SSN is allowed
- After the 1st month, .10% dividend rate is earned during any cycle where the qualifications are not met; you can start over the next month and work toward meeting the qualifications to earn the higher rates
- Members receive monthly emails indicating whether they qualified or not for rewards during the cycle period. A current e-mail address must be kept on file with CapEd
- Cycle periods begin on the last business day of the month and end on the business day before the last business day of the next month
- Qualifications are waived during the first cycle period; high yield rate is earned during first cycle period regardless **
Read the Disclosure for full details.
To convert to a High Yield Checking Account, click here.
* See current rates at CapEd. Requirements must be met.
** Dividends accrued on the daily balance and compounded monthly.
†Cycle periods begin on the last business day of the month and end on the business day before the last business day of the next month.
2010 Cycle Calendar
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