Let Your Money Work for You with our High-Yield Checking Account
Performance Checking from Communication Federal Credit Union is the ideal account for members with high cash-flow needs who carry a larger checking account balance. It’s free to open, has $0 in monthly service fees, and offers 4.00% APY^ in interest on balances up to $30,000.*
No Monthly Fees
No Minimum Balance Requirement
Earn 4.00% APY^ on Balances up to $30,000*
Free 1st Box of Checks
Free Online & Mobile Banking
Free TransFund ATM Access – Over 16,000 ATMs!
$0 Out-of-Network ATM Fee2 + up to $10/Month in ATM Fee Refunds3
How Does Your Bank Compare?
Communication Federal Credit Union’s Performance Checking account has no monthly fees, and rewards you every month with dividends of 4.00% APY^ on balances up to $30,000 with qualifying activities.* Dividends are paid on the first business day of each month!
|
CFCU Performance Checking |
Bank of America Advantage Plus Banking |
Chase Total Checking® |
| Monthly Service Fee | ||
| $0 | $121 | $121 |
| Balances Earn Interest? | ||
| Yes – 4.00% APY^ on Balances up to $30,000!* | No | No |
| Opening Deposit | ||
| $25 | $25 | $25 |
| Out-of-Network ATM Fee | ||
| $0 – Free!2 | $2.50 Min. Fee | $3.00 Min. Fee |
| ATM Fee Refunds | ||
| Up to $10/Month!3 | None | None |
| Free Box of Checks | ||
| Yes – 1st Box Free | No – Fee Varies | No – Fee Varies |
| Free Online & Mobile Banking | ||
| Yes | Yes | Yes |
| Free Bill Pay & eStatements | ||
| Yes | Yes | Yes |
| Foreign Transaction Fees | ||
| $0 – None! | 3% of Amount in USD | 3% of Amount in USD |
| Send Money to Friends & Family | ||
| Yes – Free with Zelle | Yes | Yes |
| Information for the above comparison table was obtained January 29th, 2025 from the aforementioned bank’s websites. Information is subject to change without notice.
1 Monthly Fee can be waived with qualifying account activities. 2 CFCU does not charge out-of-network ATM fees, but other financial institutions or merchants may. 3 Up to $10 in fees assessed by out-of-network ATMs can be refunded each month with qualifying account activities. |
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Checking accounts are subject to approval and all eligibility guidelines apply. CFCU membership is required, which involves opening a Primary Savings account with a $5 deposit.
* Performance Checking Disclosures:
^ APY = Annual Percentage Yield. Rates accurate as of 2/25/2025 and may change at any time without notice.
Reward Rate Qualifications:
To qualify for the reward rate and ATM refunds, you must use your Performance Checking account to meet all of the following qualifications during each qualification cycle.
- Make a minimum of 12 debit card purchases (excluding ATM transactions) totaling at least $500. (Posted during each qualification cycle.)
- Receive electronic deposits totaling at least $1,500. (Posted during each qualification cycle.)
- Electronic deposits include direct deposits, ATM deposits, mobile deposits, and electronic transfers from another financial institution.
- Have at least one ACH automatic debit transaction. (Posted during each qualification cycle.)
- Enroll in and receive eStatements.
(1) Balances up to $30,000 receive APY of 4.00%; and (2) balances over $30,000 earn 0.10% interest rate on portion of balance over $30,000, resulting in 4.00% – 0.10% APY depending on the balance.
If qualifications are not met, all balances earn 0.10% APY.
Qualifying transactions must post to and settle in account during monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post to an account. ATM-processed transactions do not count towards qualifying debit card purchases.
“Monthly Qualification Cycle” means a period beginning on the 25th day of the month and ending on the 24th day of the following month. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings.