High-Yield Checking Account: What to Know About This Account

A high-yield checking can be a smart financial tool for individuals who are looking to elevate their finances. If you’re on the hunt for a new checking account, you should consider getting a high-yield checking account.

 What is a High-Yield Checking Account?

This type of checking account offers a higher interest rate to its accountholders if they meet a certain number of requirements such as maintaining a minimum balance, setting up a direct deposit, or making a certain number of debit transactions each month.

A high yield checking account designed to help you earn money from the funds you keep in the account, while still providing easy access to the funds to pay bills and make purchases. Aside from offering a higher interest rate, a premium or high-yield checking account can also give you other great and rewarding benefits.

Earn profit from your balance

Putting your money into a high-yield checking account provides an opportunity for your money to grow and meet your savings goals at the same time. You may encounter fees on high-yield checking accounts but when you meet their criteria, the bonus interest rate can often pay for itself while earning profits that can be transferred into savings or kept in the checking account.

Have the flexibility to access your funds

Some accounts may limit the number of withdrawals you can make to continue earning bonus interest. With a high-yield checking account, you have full access to withdraw, deposit and spend your money as you like, making it convenient and flexible.

Enjoy the benefits and added features

Many high-yield checking accounts offer great benefits and features. CCCU’s high-yield checking account or Bonus Checking account offers identity theft protection and credit monitoring that protects you and your household plus a cellphone protection plan that covers up to four phones, and more features – all for $5.95 a month!

Read The Lesser-Known Advantages of a Bonus Checking Account blog to learn more about the advantages of using a Bonus Checking Account.

Your funds are insured and protected

High-yield checking accounts like CCCU’s Bonus Checking account are insured by American Share Insurance (ASI) for up to $500,000 per account. Only the most financially responsible institutions can qualify to offer ASI. At CCCU, we’re proud to share that we consistently meet these higher standards and can offer higher coverage limits to our members. You can have peace of mind that your funds are safe and protected.

Open a Bonus Checking account today!

A high-yield checking account is a great option if you’re looking for a way to grow your money doing your normal, every-day finances. With a high-yield checking account, you can enjoy the convenience and added features it offers while earning that bonus interest rate on the funds you keep in your account in between covering monthly expenses. 

CCCU offers a Bonus Checking account that earns you 5.12% APY on up to $25,000 when certain conditions are met (terms and conditions). See website to verify current rates. Applying for a Bonus Checking account is easy just click Join Here or call us at 702-228-2228 to get you started on your application.