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High Yield Checking

High Yield Checking

Perks and Benefits

Our High Yield Checking earns you up to a whopping 4.00% APY^* on balances up to $20,000! This high-performing account goes beyond just great rates. It offers benefits designed to streamline your finances and help you reach your goals.

Competitive Rates

Earn more on your balance with a high annual percentage yield (APY).*

No Monthly Fees

Avoid unnecessary charges and maintain more of your balance.

Easy to Open

Start earning dividends quickly with a streamlined account opening process.

Federally Insured

Have peace of mind knowing the NCUA insures your account.

Your Money Works Harder With High Yield Checking

Your money works harder with our high-rate checking account. Experience a powerful combination of high dividends, minimal fees, and convenient account management.

Enjoy up to a competitive 4.00% APY* on balances up to $20,000 and 0.20% APY* on any balances above $20,000.01, provided the following criteria are met:
- Opt out of paper statements by updating statement preferences in Online Banking
- Have a direct deposit of at least $200 per month into your High Yield Checking account¹
- Have 15 or more debit card purchases per month²
No monthly maintenance fees
Easy to open with no minimum balance requirements

Open a Checking Account

A smiling woman checking the current rates for an APGFCU High Yield checking account on her laptop.

High Yield Checking Rates

Table data for High Yield Checking
Effective 03-21-2025
Account Status	Minimum Balance	Dividend Rate	Annual Percentage Yield*	Alert Me
Meet Criteria	$0 - $20,000	3.93%	4.00%

Meet Criteria	$20,000.01 and above	0.20%	0.20%

Do Not Meet Criteria	No minimum balance	0.05%	0.05%

*High Yield Checking is limited to one per member (per membership). To earn the higher rate, you must opt out of paper statements from APGFCU, have an ongoing qualifying direct deposit of at least $200 per month into your High Yield Checking account¹, and complete a minimum of 15 qualifying Point-Of-Sale (POS) purchase transactions per month using an APGFCU Visa Debit Card linked to the High Yield Checking Account². Dividends are earned from day of deposit to day of withdrawal, compounded and credited monthly. Federal regulations prohibit dividends in excess of available earnings. APY is accurate as of the last dividend declaration date. Fees may reduce earnings on account. DIVIDEND RATES MAY CHANGE AFTER ACCOUNT IS OPENED. ¹A qualifying direct deposit is a recurring electronic credit of your salary, pension, Social Security, or other regular monthly income deposited to your account by your employer or an outside agency. Transactions that do not qualify as a Direct Deposit include, but are not limited to, transfers from one account to another, deposits from an internet payment service, and deposits made at an ATM. ²Minimum purchase transaction is $1.00. Debit card transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Both PIN and signature POS transactions qualify. ATM transactions do not qualify. To qualify, debit card transactions must process, post, and clear within the calendar month.

High Yield Checking FAQs

Does my account balance affect my dividend rate?

This account earns up to 4.00% APY* on balances up to $20,000, if you meet all qualifications. Balances $20,000.01 and above earn a 0.20% APY.* If you do not meet the criteria, the entire balance earns 0.05% APY.*
What are the requirements to earn the highest rate?
There are a few simple requirements to qualify for the top-tier rate:
- Opt out of paper statements and choose e-statements instead.
- Have a qualifying, recurring monthly direct deposits¹ totaling at least $200 per month into your High Yield Checking account.
- Make a minimum of 15 debit card purchases each month.²
Is a high yield checking account the same as a high yield savings account?

While both offer impressive dividend rates, they serve different purposes. A high yield checking account is for everyday transactions, while a savings account is better for long-term growth.
How easy is it to open a high yield checking account at a credit union?

We've simplified the account opening process to offer both online and in-branch options for your convenience. No matter which method you prefer, you will experience a smooth and hassle-free experience.
Are there any differences between checking accounts offered at banks and credit unions?

Credit unions usually often offer more competitive rates, and generally have lower checking and savings account fees. Plus, credit unions are owned by the members and not stockholders. At APGFCU, when you're a member, you can be assured your best interests guide every product we offer and every decision we make. To learn more about being an APGFCU member, click here.

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