updates to Ultra Checking accounts

Great news for Members with an Ultra Checking account! Effective May 1, 2023, you can earn up to 5% APY1 for balances up to $10,000!

Important Changes to Your Account Terms Effective 05/01/2023
Terms Prior to 5/1/2023 Revised Terms, as of 5/1/20232
Balance Tier For Balances ≤ $15,000 For Balances ≤ $10,000
Base APY 0.05% 0.05%
Bonus APY 2.95% 4.95%
Total APY1 3.00% 5.00%
 
Balance Tier For Balances > $15,000 For Balances > $10,000
Base APY 0.10% 0.10%
Bonus APY 0% 0%
Total APY 0.10% 0.10%
 
Monthly Bonus APY Requirements
  • 10 signature-based (non-PIN) debit card transactions posted to the account
  • 1 direct deposit or ACH transaction
  • Active enrollment in eStatements
  • A combined total of at least 20 signature-based (non-PIN) debit card transactions posted to the account and credit card transactions posted to a consumer credit card account for which the checking account’s Tax Reported Owner3 is a cardholder
  • 1 direct deposit or ACH transaction
  • Active enrollment in eStatements



These updates give you higher dividend earning power, plus greater flexibility to use debit and/or credit card transactions to help meet the monthly Bonus APY requirements. We value your membership and make every effort to let you know in advance of any changes to your account terms.

If you have any questions about your Ultra Checking Account or are interested in opening one, visit your local branch or call us at (888) 982-1400. Member Service Advisors are available to help Monday through Friday from 8:00 am to 9:00 pm ET and on Saturday from 8:00 am to 4:00 pm ET.

questions?

[1] Annual Percentage Yield (APY) for the current terms are accurate as of the last dividend declaration date and the APY for the revised terms are prospective. [2] 5.00% APY is anticipated to be earned on first $10,000 of account balance if monthly requirements for Bonus APY are met; 0.05% APY is anticipated to be earned on first $10,000 of account balance if monthly requirements not met; it is anticipated that balances above $10,000 earn 0.10% APY and are ineligible for Bonus APY. All requirements for Bonus APY must be met each month to qualify for the total APY identified. Rates may change after account is opened. Minimum deposit required to open account is $50.00. No minimum balance after account opening. Fees could reduce the earnings on the account and a monthly inactivity fee may be assessed if account becomes dormant. One account per Member. [3] The Tax Reported Owner is the owner of the account who will receive the tax statement when applicable standards for tax reporting are met.