Performance Checking
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.*
High-Yield Checking Account with No Monthly Fees
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.*
Why Choose Performance Checking?
Earn Interest without Monthly Fees
Tired of monthly fees? Want to earn interest on your money without tying it up in a CD or having to move funds back and forth between your savings account and your checking account?
With a Performance Checking account from CFCU, you can earn a great rate on your daily balance while being able to access your money whenever you need it.
Secure 24/7 Digital Access
Sign in to online banking or download the CFCU Mobile app to manage your finances with ease.
- Check Balances
- Make Transfers
- Link External Accounts
- Send & Receive Money with Zelle®
- Use Online Bill Pay
- Block/Unblock Your Debit Card
- Access Your Free Credit Report & Score
Friendly, Personalized Service
With a Performance Checking account, you get access to personal support from the Communication Federal Credit Union team. Whether you have questions about your checking account or need help with other financial needs, we are here to help!
Visa Zero Liability & Fraud Prevention
- With Visa Zero Liability coverage, you’re not responsible for unauthorized charges.**
- Visa checks over 500+ data points on transactions to help catch fraud before transactions are approved.
- From chip technology to sophisticated protections like biometrics, Visa keeps innovating to ensure your card is safe.
Join over 130,000 members who trust CFCU as their partner in financial success!
A minimum opening deposit of $25 is required to open a checking account. 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.
***Visa’s Zero Liability Policy does not apply to certain commercial card and anonymous prepaid card transactions or transactions not processed by Visa. Cardholders must use care in protecting their card and notify the credit union immediately of any unauthorized use.