High Yield Checking

High Yield Checking

Earn 4.00% APY* on balances up to $20,000

Ideal Credit Union’s High Yield Checking Account* is all about paying YOU a great rate! Enjoy all the convenience of an everyday checking account PLUS earn 4.00% APY.*

To qualify for the 4.00% APY on balances up to $20,000, simply:

  • Have a minimum monthly qualified direct deposit of $7501
  • Make 20 debit card purchases (minimum $3)2
  • Be enrolled in estatements3

There is no minimum balance requirement and there is no monthly maintenance fee. If you do not qualify for the high yield, your account will earn 0.05% APY.

All Ideal Checking Accounts come with:

Open an Account
Make an Appointment

High Yield Checking Rates

Rates as of:
BalanceInterest RateAPY*
Non-Qualified 0.05% 0.05%
$0 - $20,000.00 3.93% 4.00%
Balances $0 - $20,000.00 will earn 4.00 % APY if all requirements continue to be met. Only amounts $20,000.01 and over will earn 0.05% APY.
0.05% 0.05%

*APY = Annual Percentage Yield. Rates subject to change at any time.

Use & Win $1,000 Monthly  Giveaway

*APY is Annual Percentage Yield. Minimum $50 deposit required to open account. Required monthly criteria to earn 4.00% APY includes:

  1. Have a minimum qualified $750 direct deposit of salary, pension, Social Security or other regular income electronically deposited through the Automated Clearing House (ACH) network to this checking account by employer or an outside agency.
  2. Conduct a minimum of 20 debit card purchase transactions made in good faith, initiated and cleared within a given statement cycle (minimum $3.00 per purchase). If transactions are not made in good faith, account may be subject to closure.
  3. Be enrolled in eStatements.

Rates subject to change at any time. Accounts closed within 6 months of opening incur a $25.00 fee.

Random drawings for the $1,000 giveaway will be conducted once a month for the promotional period beginning January 1, 2022 through December 31, 2022 from all eligible entries received. One (1) $1,000 prize winner will be selected at random each month. Must be member in good standing and have not caused a loss to Ideal Credit Union. Ideal CU Student and Business Accounts are not eligible. Offer excludes Ideal Credit Union employees and accounts on which an employee is joint, Board of Directors and Supervisory Committee members of Ideal CU. See official rules.