Free Checking Accounts

ˆ APY = Annual Percentage Yield

* Pay Me Checking Disclosures:

To qualify for PayMe cash back rewards and ATM fee refunds, you must use your PayMe Checking account to meet all of the following qualifications during each calendar month.

1. Receive electronic deposits totaling at least $500.
   • Electronic deposits include direct deposits, ATM deposits, mobile deposits, and electronic transfers from another financial institution.
2. Enroll in and receive eStatements.

Purchases made with a debit card linked to a Pay Me checking account must be a minimum of $10.00 in order qualify for the $.10 swipe reward.

** Performance Checking Disclosures:

To qualify for the reward rate, you must use your Performance Checking account to meet all of the following qualifications during each qualification cycle.

1. Make a minimum of 12 debit card purchases (excluding ATM transactions) totaling at least $500. (Posted during each qualification cycle.)
2. Receive electronic deposits totaling at least $1,500. (Posted during each qualification cycle.)
   1. Electronic deposits include direct deposits, ATM deposits, mobile deposits, and electronic transfers from another financial institution.
3. Have at least one ACH automatic debit transaction. (Posted during each qualification cycle.)
4. Enroll in and receive eStatements.

(1) Balances up to $30,000 receive APY of 5.00%; and (2) balances over $30,000 earn 0.10% interest rate on portion of balance over $30,000, resulting in 5.00% – 0.10% APY depending on the balance.

If qualifications are not met, all balances earn 0.10% APY.

Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post to an account. ATM-processed transactions do not count towards qualifying debit card purchases.

“Monthly Qualification Cycle” means a period beginning on the 25th day of the month and ending on the 24th day of the following month. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings.

*** Plus Checking Disclosures:

Interest rate may vary. See our Rates page for most current interest rate information.
Monthly fee waived with $500 per month direct deposit or if $750 is maintained on deposit in a CFCU Savings, Share Certificate or Share Draft/Checking account.

General Disclosures:

¹ The first box of CFCU Branded checks is free.
² To receive Honor Pay, your account must be maintained in good standing. Direct deposit of at least $500 must be maintained for two consecutive months.