What is a high-yield checking account?
A high-yield checking account offers the ability to earn more on your account balance thanks to a higher annual percentage yield (APY). Compared to regular checking accounts, which usually offer low to no interest, a high-yield checking account is an easy way to make more on your current balance.
With High-Yield Checking from TDECU, you not only earn 16x the national average than other checking products, you also gain access to free identity theft recovery services, free credit score monitoring and ATM fee rebates. We also automatically upgrade your TDECU savings account to a high-yield savings account so you earn up to 1.00%2 APY on your savings balance.
Simply make 10 or more debit card transactions each month (not including ATM transactions).
Monthly deposits must total $500 or more and may be deposited via ACH, payroll, a pension or from government benefits.
A convenient, more secure way to receive online document access through your desktop or mobile device.
1 APY = Annual Percentage Yield
2 Must be at least 18 years of age to open a High-Yield Checking (HYC) account with a limit of one account per Member. Requirements to earn the highest APY include enrollment in eDocuments, recurring direct deposit with an aggregated total of $500 or more per month that posts to your HYC account, and a minimum of 10 debit card point-of-sale withdrawal transactions of $1 or more per month. The highest APY includes 2.50% on HYC balance up through $20,000 and 0.25% on any HYC balance over $20,000; 1.00% APY on primary savings balance up through $50,000 and 0.25% APY on primary savings balance over $50,000. If requirements are unmet, accounts will earn an APY of 0.02% on HYC balances and 0.10% on primary savings balances. Account holders will receive a maximum rebate of $30 monthly on non-TDECU ATM fees. The 16x the national average earning rate is as of 1/25/24. Other terms/conditions apply. Contact TDECU for complete details. Insured by NCUA.