Most checking accounts pay little to no interest. However, even when compared to checking accounts that pay interest, our High-Yield Checking (HYC) dividend (interest) rate is several times1 higher than the national average.
The rate the account balance will earn is based on your net monthly debit card spend tier2. The more you use your ITCU debit card each month for everyday spending, reoccurring bill payments, memberships, subscription fees, etc., the higher tier and associated rate you'll qualify for.
If you want to earn more on your checking, take advantage of our HYC account and dividend rates that are well beyond what most other interest-bearing savings and checking accounts earn!
1Actual difference will fluctuate over time and is always subject to change. 2Actual tier attained is based on the date qualifying transactions post to your account, not the date they occur. Some transactions do not post in real time and may take multiple days to settle.
By opening a High-Yield Checking account with us, you unlock two unique features to increase the dividend rate you earn on your deposit balances!
Want to make every purchase or bill payment work for you? When you use your HYC debit card, each qualifying payment goes towards helping you reach the next spending tier. The spending tier you reach each month will determine the dividend rate for the month and will be applied to average monthly balance of the account, up to a maximum "cap" of $50,000.00.
Use our High-Yield Checking Monthly Debit Spend Calculator to help you determine what tier you might qualify for.
Please note, a monthly fee will apply if debit card spending does not reach at least Tier 1 each month; see our Fee Schedule for the monthly fee. Actual tier attained is based on the date qualifying transactions post to your account, not the date they occur. Some transactions do not post in real time and may take multiple days to settle.
With your HYC Account, you can take advantage of account-exclusive, premium rates (over regular CD rates), on select HYC CD terms!
HYC CDs earn an additional 25 basis points over regular CD rates, while an HYC account is active and in good standing.Ω
For as little as $1,000.00, you can enjoy special CD offers on 3-, 6-, 12-, 24-, 36- and 60-mo. CD! Visit our All Rates page to see current rates.
ΩThe HYC CD rate will be reduced to the equivalent regular CD term (retroactively to the date it was opened) if the HYC account is closed while the HYC CD is still open. Rates subject to change without notice. For CD rates and disclosures, visit our All Rates page.
Open Your High-Yield Checking Account Today
(*ITCU membership subject to approval; limit of one HYC account per member.)
The following are included or available (most of them without additional charges), to complement a High-Yield Checking Account:
ITCU also offers the Prime checking account that pays tiered dividend rates based on your account balance rather than debit card use. Use our helpful checking comparison chart to help you determine which checking account is right for you.
The ATMs in the CO-OP network are located in all 50 states and 10 countries. The nearly 30,000 ATM network is larger than almost any bank network. You can find an ATM near you easily by using our branch and ATM locator.
Knowledge is power, especially when it comes to finding the right checking account. Here are a few more resources to help you power up your checking account knowledge.
Each account comes with different benefits. Find one that fits your needs.
Avoiding checking fees can be as simple as combining the right account and good financial habits.
1 See Retail Fee Schedule for fee and related disclosures.
2 Message and data rates may apply.
