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High Yield Checking

A CapEd High Yield Checking™ Account earns more than regular checking account with 5.25% APY1. A High Yield Checking™+ Account comes bundled with a High Yield Savings Account, where the earnings from your checking account are deposited and earn 4.00% APY2. Plus, you can support local schools with the Get $100 & Give $100 Program!

Open one account. Earn with two.
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Boost Your Savings With High Yield Checking™+

CapEd's High Yield Checking™+ helps you save more. Rewards from a High Yield Checking™+ account will be deposited into a High Yield Savings account and earn 4.00% APY2 for balances up to $50,000 with no minimum balance or hidden fees. Limit one High Yield Checking™+ account per social security number.

How does a High Yield Checking account benefit me?

When qualifications are met, a CapEd High Yield Checking account rewards you with 5.25% APY1 on your account balance up to $10,000 during each qualification cycle. The dividends are deposited directly into your account. Additionally, if you use an ATM and get charged with a fee, you can get ATM refunds3 up to a maximum of $25.00 with your High Yield Checking account.

Benefits and Features

  • Earns more than a regular checking account with 5.25% APY
  • No minimum balance required
  • No monthly service fees
  • Nationwide ATM refunds3 up to a maximum of $25 on your CapEd High Yield Checking account
  • Free online banking
  • Overdraft protection
  • Free online Bill Pay
  • Federally insured by NCUA

How to Qualify for Rewards

  • At least one direct deposit or automatic payment of $500 or more must post and settle your High Yield Checking account each qualification cycle
  • At least twelve debit card purchases of $5 or more must post and settle your High Yield Checking account each qualification cycle
  • Must be enrolled in and agree to receive eStatement notices

Get a High Yield Checking Account

Easily apply online for a High Yield Checking Account, or find a CapEd location to apply in person.


If you already have a CapEd checking account and you want to convert to a High Yield Checking, fill out an Account Change Request Form. Opens in new tab..

Get $100 and Give $100

Get $100 & Give $100

Open a CapEd High Yield Checking™ account and you could Get $100 deposited directly into your account and you could be able to Give $100 to a school of your choice4. It's a win-win for you and education! Learn more about the Get $100 & Give $100 Program.

Rates

High Yield Checking Rates

Balance Dividend Rate APY1
$0 - $10,000   (qualifications met) 5.13% 5.25%
Over $10,000   (qualifications met) 0.10% 0.10%
$0 - $10,000   (qualifications not met) 0.01% 0.01%
Over $10,000   (qualifications not met) 0.01% 0.01%

High Yield Savings Rates

Balance Dividend Rate APY2
$0 - $50,000   (qualifications met) 3.928% 4.00%
Over $50,000   (qualifications met) 0.10% 0.10%
$0 - $50,000   (qualifications not met) 0.01% 0.01%
Over $50,000   (qualifications not met) 0.01% 0.01%

FAQs

Yes, you can open multiple CapEd High Yield Checking Accounts. However, a High Yield Checking+ account is limited to one per social security number.

Members receive monthly emails to the email address associated with the account indicating if they qualified for rewards during the qualification cycle .

No, only debit card purchase transactions of at least $5 count.

If you do not meet the qualifications during a qualification cycle, your account will still function as a free checking account; however, your APY1 for that cycle will be 0.01% instead of 5.25% and you will not receive ATM refunds.

A posted and settled transaction means that the transaction amount has been deducted from your account. Remember, it can take several days for a transaction to post and settle. Since it may take a week or more for purchases to post to your account, we recommend you make your purchases several days before the end of the month.

Questions?

  (208) 884-0150

  Send an Email

  Find a Location

Disclosures

1 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce earnings on the account. Rates are earned when qualifications are met. APY is paid on balances up to $10,000 and the over cap APY is paid on the balance over $10,000 for each qualification cycle that the qualifications are met.

2 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce earnings on the account. Rates are earned when qualifications are met. APY is paid on balances up to $50,000 and the over cap APY is paid on the balance over $50,000 for each qualification cycle that the qualifications are met.

3 Nationwide ATM fee refunds are rewarded when qualifications are met.

4 To receive your $100 deposit and give $100 to your selected School District/Foundation, you must meet qualifications in any of the first three full qualification cycles after your account is opened. Limit one $100 reward per social security number. To earn the 5.25% APY on balances up to $10,000 and get the ATM refunds, you must meet qualifications each qualification cycle. To meet qualifications, 12 debit card transactions of at least $5 must post and settle to the account during the qualification cycle, at least one direct deposit or automatic payment of $500 or more must post and settle this account during the qualification cycle, and you must be enrolled in and agree to receive eStatement notices during the qualification cycle.