Performance Checking 

You can earn
5.00% APY^
on balances up to $30,000!*

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 5.00% APY^ in interest on balances up to $30,000.*

   No Monthly Fees

   No Minimum Balance Requirement

   Earn 5.00% 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

   Available with Honor Pay & Overdraft Protection

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 5.00% APY on balances up to $30,000 with qualifying activities.* Dividends are paid on the first business day of each month!


Performance Checking

Bank of America

Core Checking


Total Checking®

Monthly Service Fee
$0 $121 $121
Balances Earn Interest?
Yes – 5.00% 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 $2.50 Min. Fee
ATM Fee Refunds
Up to $10/Month!3 None None
Free Box of Checks
Yes – 1st Box Free No – Fee Varies No – $18.95 / Box
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
Overdraft Protection Transfer Fee
$2 / Transfer $12 / Day 4 $0 / Transfer 5
Information for the above comparison table was obtained January 1st, 2019 from the aforementioned bank’s websites. Information is subject to change without notice.

1 Monthly Fee can be waived with qualifying account activities or if you are under 24 years old and enrolled in school. 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.  4 Overdraft protection transfer from a linked Bank of America savings account or line of credit. 5 Overdraft protection transfer from a linked Chase savings account.

* Performance Checking Disclosures:

^ APY = Annual Percentage Yield. Rates 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.

  1. Make a minimum of 12 debit card purchases (excluding ATM transactions) totaling at least $500. (Posted during each qualification cycle.)
  2. Receive electronic deposits totaling at least $1,500. (Posted during each qualification cycle.)
    1. Electronic deposits include direct deposits, ATM deposits, mobile deposits, and electronic transfers from another financial institution.
  3. Have at least one ACH automatic debit transaction. (Posted during each qualification cycle.)
  4. Enroll in and receive eStatements.

(1) Balances up to $30,000 receive APY of 5.00%; and (2) balances over $30,000 earn 0.10% interest rate on portion of balance over $30,000, resulting in 5.00% – 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.