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High Yield Checking™

Pictures of members happily using their high yield checking account.

A CapEd High Yield Checking™ Account earns more than a regular checking account! Our High Yield Checking earns 5.25% APY1 and can be bundled with a High Yield Savings Account, where the earnings from your checking account are deposited and earn 4.00% APY2.

Open a High Yield Account

Benefits & Features

  • Earns more than a regular checking account with 5.25% APY1
  • 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
Open one account, earn with two. High Yield Checking and High Yield Savings.

Boost Your Savings With High Yield Checking™+

Increase your earnings and savings by bundling your High Yield Checking with a High Yield Savings account! CapEd's High Yield Checking™+ helps you save more. Rewards from a High Yield Checking™+ account will be swept 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.

High Yield Checking™ Rates

High Yield Checking™ Account rates.
Account BalanceDividend RateAPY1
$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 Checking™

Minimum Balance to Open high yield checking account.
$0.00

Monthly Service Fee for high yield checking account.
$0.00

Highest Dividend Available for high yield checking account.
5.25% APY1

High Yield Savings Rates

High Yield Savings Account rates.
Account BalanceDividend RateAPY1
$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%

High Yield Savings

Minimum Balance to Open high yield savings account.
$0.00

Monthly Service Fee for high yield savings account.
$0.00

Highest Dividend Available for high yield savings account.
4.00% APY2

How to Qualify for Rewards

Request a High Yield Checking™ Account

Easily apply online to open a High Yield Checking™ Account, or stop by one of our locations to start the process.

Apply Online

FAQs

The following is a list of some of CapEd's top member questions with answers to help you meet your needs faster:

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 Opens in new tab. Link is a PDF document..

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.

Members can use our Account Change Request form to request an existing account to be changed to a different account type.


Questions?

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.