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Free Checking with Earn More

Free Checking with Earn More

Earn interest while maintaining normal access to your funds.

Earn 0.50% APY* on Checking Balances up to and including $25,000.00!  

DCU’s Free Checking with the Earn More feature enables you to earn interest while maintaining normal access to your funds. Earn More is an interest earning sweep feature that can be activated on your DCU Free Checking or Dividend Checking Account.  The Earn More feature enables you to earn interest on the balance in your checking account – from $0.01 up to and including $25,000.00.  Since Earn More is a sweep feature, eligible balances are automatically swept out to interest-bearing FDIC insured deposit accounts held at participating institutions throughout the country.  You will still have normal access to your checking account funds.

What Rate Will I Get? 

  • The Earn More feature has a variable rate.
  • Funds earn interest beginning the first of the month in which the feature is activated and are posted monthly.
  • Accrued interest is forfeited for the month if the account is closed or the Earn More feature is deactivated prior to monthly interest posting. Fees or other conditions may reduce earnings.

*APY = Annual Percentage Yield. An interest rate of 0.50% will be paid on your daily balance up to and including $25,000.00. Balance over $25,000.00 will not earn interest. APY will range from 0.50% to 0.01% depending on the total account balance. For example, a balance of $25,000.00 will earn an APY of 0.50% while a balance of $1,000,000.00 will earn an APY of 0.01%. The rate may change from time to time after the Earn More feature is added to an account. Funds earn interest from the first of the month in which feature is activated.  Feature becomes activated the first of the month following the month enrollment took place. Interest is calculated daily and posted monthly. Accrued interest not yet posted is forfeited if the account is closed or the Earn More feature is deactivated prior to monthly interest posting. Fees or other conditions may reduce earnings. Rate is accurate as of April 1, 2020.

Please refer to DCU's Earn More feature Terms and Conditions for additional terms and conditions. 

Current Participating Program Institutions:             

RECEIVING FINANCIAL INSTITUTIONS

ALLOCATION

Columbia Bank, Tacoma, WA

50%

Renasant Bank, Tupelo, MS

50%

How Do I Activate the Earn More Feature on my Checking Account?    

To activate the Earn More feature:

  1. Log in to Online or Mobile Banking.
    • In Online Banking: Click Account Manager > Account Manager Home > Manage Accounts > General > Earn More
    • In Mobile Banking: Tap Account Manager > General > Earn More
  2. You will be on the page titled "Earn More on Free Checking." Choose a checking account from the dropdown menu to add the Earn More feature to.
  3. After clicking the Submit button, please read and follow the prompts on your screen to electronically sign the Earn More feature Terms & Conditions. 
  4. A copy of your signed terms will be saved in Account Manager under Document Sharing.
  5. Once electronically signed, your Earn More feature will be pended until the first business day of the following month, at which point the feature will become active.

Please note that the Earn More feature can be added to ONE DCU Checking Account per DCU Membership.