Cash rewards that matter and truly free checking — it’s all yours just for banking with us.
Key Features
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High Dividends
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No Monthly Maintenance Fees
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Refunds on ATM Withdrawal Fees*
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Digital Banking
- Free checking that pays high dividends
- 3.00% APY* on balances up to or equal to $20,000
- 0.60% APY* on balances over $20,000
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
- No minimum balance to earn rewards
- No monthly maintenance fees
- Free digital banking
- $25 minimum deposit to open
Earning your cash rewards is easy.
So easy, in fact, we bet you’re already doing it. Enrollments must be in place and all of the following transactions and activities must post and settle to your Checking Reward$ account during each Monthly Qualification Cycle:
- At least 1 direct deposit or ACH payment transaction
- At least twelve (12) $5.00 minimum PIN-based or signature-based debit card purchase, post and settle
- Be enrolled in and agree to receive e-Statements
- Be enrolled in and log into online banking
But if you don’t meet these qualifications, don’t worry — your account is still free.
Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
For Checking Reward$ accounts, a "monthly qualification cycle" starts on the first day of a month and ends on the last day of the month. All requirements must post and settle your account* by 10:30 pm CST on the final calendar day of the month. They may not be in a pending state to qualify as one of the transactions. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers (transfers between two Chemcel FCU accounts) do not count as qualifying ACH transactions. Interest is calculated and paid through the last calendar day of the month.
202r QUALIFICATION DATES
January: 01/01/2024 - 01/31/2024
February: 02/01/2024 - 02/29/2024
March: 03/01/2024 - 03/31/2024
April: 04/01/2024 - 04/30/2024
May: 05/01/2024 - 05/31/2024
June: 06/01/2024 - 06/30/2024
July: 07/01/2024 - 07/31/2024
August: 08/01/2024 - 08/31/2024
September: 09/01/2024 - 09/30/2024
October: 10/01/2024 - 10/31/2024
November: 11/01/2024 - 11/30/2024
December: 12/01/2024 - 12/31/2024
*Monthly Qualification Cycle: period corresponds to the monthly statement cycle. The monthly statement cycle begins the first day of a month and ends at 10:30 pm CST on the last day of the month. Account transactions may take one or more days to post and settle to the account. All transactions must do so during the Monthly Qualifications Cycle in order for the account's rewards.
Dividends and ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.
Checking Reward$ qualifications:
- At least 1 direct deposit or ACH payment transaction
- At least twelve (12) $5.00 minimum PIN-based or signature-based debit card purchase, post and settle
- Be enrolled in and gree to receive e-Statements
- Be enrolled and log into online banking
Reward Information: When your Checking Reward$ account qualifications are met during a Monthly Qualification Cycle, (1) balances up to or equal to $20,000 receive APY of 3.00% and balances over $20,000 earn .60% interest rate on the portion of balance over $20,000 and you will receive reimbursement up to an aggregate total of $25.00 (max. $4.99 per single transaction) for nationwide ATM withdrawal fees imposed by other financial institutions and incurred during the Monthly Qualification Cycle in which you qualified.
An ATM receipt must be presented for reimbursement of individual ATM withdrawal fees of $4.99 or higher Reimbursed ATM withdrawal fees based on estimated when the withdrawal information received does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within thirty (30) calendar days of qualification cycle.
Non-Qualifying Transactions: Certain transactions or activities do not count toward earning account rewards: debit transactions less than $5.00, ATM processed transactions; transfers between accounts, debit card purchases processed by merchants and received by our credit union as ATM transactions, PIN-based, signature-based transactions, non-retail payment transactions, and purchases made with debit cards not issued by our credit union. Transactions bundled together merchants and received by our institution as a single transaction count as a single transaction count as a single transaction for the purpose of earning account rewards.
When Checking Reward$ qualifications are not met, all balances in the account earn 0.05% APY and ATM withdrawal fees are not refunded.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $25.00 minimum deposit is required to open the account. Monthly Direct Deposit/ACH credit, enrollment in online banking, receipt of electronic statements are conditions of this account. Limit one account per household. There are no recurring monthly maintenance charges or fees to open or close this account. Contact one of our credit union service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA.
APY = Annual Percentage Yield; APYs accurate as of 12/07/2022. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.