MaxRewards Free Checking
Free checking that pays you back on your everyday balance.
Checking that works as hard as you do.
MaxRewards Free Checking keeps your everyday banking simple and rewarding. No monthly fees, smart digital tools, and the chance to earn up to 4.00% APY on your balances up to $25,000.
MaxRewards Free Checking
- No monthly service fee
- Earn up to 4.00% APY on balances up to $25,000 when you meet simple monthly criteria
- Free Online and Mobile Banking
- Free Online Bill Pay
- Visa debit card for everyday spending
- Access to over 30,000 free CO OP ATMs nationwide
How MaxRewards Works
To earn up to 4.00% APY each month, you’ll need to:
-
- Keep a minimum daily balance of $1,000
- Make 10 debit card purchases of $5 or more
- Enroll in eStatements
- Have one direct deposit post to your account
If requirements aren’t met, your account stays free. You simply won’t earn the MaxRewards rate for that cycle.
HOW TO OPEN YOUR ACCOUNT
Bring your ID
A current, government-issued photo ID is required.
Have your Social Security Number
We’ll use it to verify your identity and set up your membership.
Provide your address
A physical address is required for membership. A mailing address can be added too.
Make your first deposit
Your opening deposit gets your MaxRewards account started.
Meet MaxRewards criteria? | Minimum Balance to Earn APY | Dividend Rate | APY* |
|---|---|---|---|
Meet MaxRewards criteria? Yes | Minimum Balance to Earn APY $1,000 | Dividend Rate 3.93% | APY* 4.00% |
Meet MaxRewards criteria? No | Minimum Balance to Earn APY $1,000 | Dividend Rate 0.00% | APY* 0.00% |
*APY=Annual Percentage Yield. To earn 4.00% APY, must meet just 4 simple criteria as follows: 1) Requires minimum of one direct deposit per month that must post and clear your account during the monthly cycle. 2) Requires 10 monthly debit card purchases, minimum of $5 per purchase, that must post and clear your account during the monthly cycle. 3) Must sign-up for eStatements. 4) Keep a minimum monthly balance of $1,000 in checking account only, not all deposit accounts combined. That’s it! You’ll earn 4.00% APY in every month of the year during which these 4 activities occur. For example, if you meet all 4 criteria in February and March, but not in April, you will earn 4.00% in February and March but not in April. 4.00% rate will be paid on deposits in checking account up to $25,000. Balance amounts over $25,000 will earn 0.00%. Rates are effective as of August 1, 2024 and are subject to change at any time without notice. Credit union membership required. Personal accounts only, no business accounts. One MaxRewards Checking Account per account/unique SSN. MaxRewards Checking accounts are Tiered Rate accounts. For these accounts, the specified Dividend Rate for a tier will apply only to the portion of the account balance that is within that tier.
Free Checking + Support FAQs
More ways we can help.
Your next financial step starts here.
Whether you’re buying, saving, or planning ahead, we’ll help you move confidently toward what’s possible.
APPLY IN-PERSON
CALL US
DISCLOSURES: **APY=Annual Percentage Yield. For these accounts, the APY for tier will apply only to the portion of the account balance that is within that tier. The APY, which will vary depending on the balance in the account, is shown for each tier. Total interest paid on these accounts is the sum from each tier resulting in a “Blended APY” as disclosed on the rates and service charges document and product details page. A monthly qualification cycle begins on the first day of the statement cycle and ends on the last day of the statement cycle. Limit one Reverse Tier Money Market Account per primary Social Security Number. Certain withdrawal limits apply to Money Market accounts, be sure to review your Membership and Account Agreement Disclosure for details. Credit Union membership required. If you’re not already a member, it’s easy to qualify. Ask to join today! Federally insured by the NCUA.