Make your money work for you.

High-Yield Frequently Asked Questions

• If I have more than $25,000 in the High-Yield Savings account, do I still earn interest?

  You will earn interest on every dollar up to $25,000.00. Any balance over $25,000.00 will not earn interest.

  We recommend moving balances over the interest-paying threshold into another savings product.

• Is there a fee for each requirement that is not met?

  No. A single $10 will be assessed if one or more of the account requirements are not met.

• What are the potential fees on the High-Yield Savings account?

  If one or more of the account requirements are not met, a single $10 fee will be assessed on the last day of the month. 

  If more than 3 withdrawal transactions are performed within a calendar month, a $15 excess withdrawal fee will be charged. 

  Fee schedule
   

• When will fees be assessed on the High-Yield Savings account?

  If one or more of the account requirements are not met, a single $10 fee will be assessed on the last day of the month.

• Is there a limit on how many transactions I can do in or out of my High-Yield Savings?

  You can make unlimited deposits. You can make withdrawals up to 3 times per calendar month

• What is the time limit to fulfill the High-Yield Savings account requirements?

  You have 60 days from account opening to meet the requirements, including a $500 electronic deposit into your Everyday Checking, maintaining a $500 minimum balance in the High-Yield Savings account, and enrolling in eStatements. If requirements are not met within 60 days of account opening a monthly fee will be assessed, and the account may be closed.

• Can I add a joint owner to my Everyday w/ High-Yield Savings account?

  All joint owners on your membership will be automatically added to the account at the time of opening.

• If I already have an Everyday checking account, will another be created when I sign up?

  No. Our system will recognize that you have an existing Everyday Account to receive your monthly deposit and only a new High-Yield savings account will be opened.

• If I already have an Everyday Account, how can I add a High-Yield Savings Account?

  You can easily add a High-Yield Savings account to your existing account through Digital Banking. Any joint owners on your Everyday Account will also be added to the High-Yield Savings account

• What qualifies as an electronic deposit for my High-Yield Savings account?

  An electronic deposit can be made as a direct deposit, mobile deposit, or transfer from a digital source, including Venmo, Zelle, or an external account. 

• Where should I deposit the required monthly $500.00 electronic deposit for my High-Yield Savings account?

  The $500.00 electronic deposit must be made to the Everyday account. After, it can be transferred into your High-Yield Savings account. 

• Can I have more than one High-Yield Savings account?

  There is a limit of 1 High-Yield Savings account per primary owner. 

• Can I add a High-Yield Savings account to my trust account?

  Trust accounts are not eligible to open a High-Yield Savings account.

• Can I add a High-Yield Savings account to a youth account?

  Youth accounts are not eligible to open a High-Yield Savings account.

• Can I add a High-Yield Savings account to my business account?

  Business accounts are not eligible to open a High-Yield Savings account.