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High Yield Savings

Credit union member checking her cell phone and another member posing with his bike.

Boost your savings with a High Yield Savings account from CapEd Credit Union! With an impressive 4.00% APY1 for balances up to $50,000, this account allows members to earn substantial interest on their savings. A High Yield Savings account works in conjunction with a High Yield Checking™+ account, which earns 5.25% APY2. The earnings from the High Yield Checking™+ are swept and deposited, into a High Yield Savings account allowing our members to further grow their savings at 4.00% APY1.

Get a High Yield Savings Account

To open a High Yield Savings account, begin with opening a High Yield Checking™+ account; you can't have one without the other! If you already have a CapEd savings account and you want to convert to a High Yield Savings, fill out an Account Change Request Form Opens in new tab..

Apply now!

Benefits & Features

  • Earns more than a regular savings account with 4.00% APY1
  • No minimum balance required
  • No monthly service fees
  • Nationwide ATM refunds3 up to a maximum of $25
  • Free online banking
  • Overdraft protection
  • Free online Bill Pay
  • Federally insured by NCUA

How to Qualify for Rewards

Boost Your Savings

With a CapEd High Yield Savings account, you can boost your savings by earning 4.00% APY1 from the savings account and 5.25% APY2 from the High Yield Checking™+ account it comes bundled with.

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% APY1

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% APY2

Request a High Yield Savings Account

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

Apply Online

FAQs

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?

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 $50,000 and the over cap APY is paid on the balance over $50,000 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 $10,000 and the over cap APY is paid on the balance over $10,000 for each qualification cycle that the qualifications are met.

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