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High Yield Checking

High Yield Checking

Earn 2.00% 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 2.00% APY.*

To qualify for the 2.00% 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.

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High Yield Checking Rates

Rates as of:
BalanceInterest RateAPY*
Non-Qualified 0.05% 0.05%
$0 - $20,000.01+ 1.98% 2.00%
$20,000.01+ 0.05% 0.05%

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

Use & Win Debit Giveaway*

How it works

Ideal Credit Union will be giving away $1,000 to one lucky winner each month in 2020. The key to your chance of winning is to have an Ideal Personal Checking Account and to use your Ideal Debit or My Rewards™ Debit Card for everyday purchases.

Every purchase made earns you an additional chance to win in that month's drawing! So the more you use your card, the more chances you'll have to win!

Learn More

Get Started with Ideal Checking

Checking benefits

*APY is Annual Percentage Yield. Minimum $50 deposit required to open account. Required monthly criteria to earn 2.00% 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).
  3. Be enrolled in eStatements.

Rates subject to change at any time. Limit one account per Social Security Number. 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 2020 through December 2020 from all eligible entries received. One (1) $1,000 prize winner will be selected at random each month. See official rules.