High-Yield Checking

High-Yield Checking

HIGH-YIELD CHECKING

Make your money work harder

Put your hard-earned money to work for you. Our Income Checking account gives you better interest rates for faster growth.

HIGH-YIELD CHECKING

Make your money work harder

Put your hard-earned money to work for you. Our Income Checking account gives you better interest rates for faster growth.

Checking

INCOME CHECKING

Earn more on your account than the competition.

Each month, earn 5.50% APY1 on balances up to $25,000 and receive up to $25 in nationwide ATM fee rebates when 3 easy steps are completed during that month’s Requirements Period (26th of the prior month – 25th of the current month):

  1. Enroll in e-statements
  2. Have a direct deposit of at least $500
  3. Make at least 15 purchases between your Income Checking debit card and Columbia CU credit card

INCOME CHECKING

Earn more on your account than the competition.

Each month, earn 5.50% APY1 on balances up to $25,000 and receive up to $25 in nationwide ATM fee rebates when 3 easy steps are completed during that month’s Requirements Period (26th of the prior month – 25th of the current month):

  1. Enroll in e-statements
  2. Have a direct deposit of at least $500
  3. Make at least 15 purchases between your Income Checking debit card and Columbia CU credit card

EARLY DIRECT DEPOSIT

Get paid up to 3 days early.

Open an account and enjoy our early direct deposit to get your money up to three days early.²

EARLY DIRECT DEPOSIT

Get paid up to 3 days early.

Open an account and enjoy our early direct deposit to get your money up to three days early.²

Three great reasons to open an account

Higher Returns

Enjoy greater interest rates than traditional checking accounts. The more you save, the more you earn!

No Fees

Keep more of your money in your wallet thanks to no monthly or transaction fees.

ATM Fee Rebates

Get $25 in nationwide ATM fee reimbursements every month your account qualifies.

Additional Details​

Other high-yield checking account benefits include:

  • Early direct deposit
  • If you don’t meet the qualification requirements, you will earn 0.05% on your balance. Your ATM fees will not get reimbursed.
  • No monthly fee or minimum balance requirements
  • No Columbia CU ATM fee
  • Free Online and Mobile Banking, debit rewards, budgeting tool, and e-statements
  • $1 minimum to open
  • Available with Stash Your Cash
  • Federally insured up to $250,000

Additional Details​

Other high-yield checking account benefits include:

  • Early direct deposit
  • If you don’t meet the qualification requirements, you will earn 0.05% on your balance. Your ATM fees will not get reimbursed.
  • No monthly fee or minimum balance requirements
  • No Columbia CU ATM fee
  • Free Online and Mobile Banking, debit rewards, budgeting tool, and e-statements
  • $1 minimum to open
  • Available with Stash Your Cash
  • Federally insured up to $250,000

HIGH-YIELD CHECKING

How to open a high-yield checking account.

  • Apply Online: Click the link below or stop by a branch to start your application.
  • Add Funds: Make a $1 minimum opening deposit.
  • Start Earning: Earn 5.50% APY every month you qualify.

HIGH-YIELD CHECKING

How to open a high-yield checking account.

  • Apply Online: Click the link below or stop by a branch to start your application.
  • Add Funds: Make a $1 minimum opening deposit.
  • Start Earning: Earn 5.50% APY every month you qualify.

Debit Card Features

Withdraw money directly using your debit card at network ATMs or banks.

EMV chip technology provides an encrypted safeguard against fraud or theft.

Upload and add any photo you want to your debit card at no extra charge.

Our Card Manager feature in Online & Mobile Banking helps secure your cards while you’re away from home.

MOBILE WALLET

Pay without making contact.

Experience the convenience and security of our Mobile Wallet service. Simply add your Columbia Credit Union debit or credit card to your device’s Apple Pay, Google Pay, or Samsung Pay app.

Make purchases in stores and within apps without swiping your cards or entering payment and contact information. Rest assured that merchants will never see your personal details or contact info.

  • Secure transactions: Add your Columbia Credit Union card to your mobile wallet for secure payments.
  • Contact-free shopping: Make purchases in stores and within apps without swiping your card or entering payment information.
  • Protect your personal information: Merchants will never see your name, card numbers, or security codes.
  • Easy setup: To start using Mobile Wallet, just add your Columbia CU debit or credit card to the Apple Pay, Google Pay, or Samsung Pay app on your device.
  • Discover more digital services: Explore more ways Columbia Credit Union can simplify your life with our digital services.
Man's hand holding smartphone using Columbia Credit Union Rewards Credit Card in mobile wallet

MOBILE WALLET

Man's hand holding smartphone using Columbia Credit Union Rewards Credit Card in mobile wallet

Pay without making contact.

Experience the convenience and security of our Mobile Wallet service. Simply add your Columbia Credit Union debit or credit card to your device’s Apple Pay, Google Pay, or Samsung Pay app.

Make purchases in stores and within apps without swiping your cards or entering payment and contact information. Rest assured that merchants will never see your personal details or contact info.

  • Secure transactions: Add your Columbia Credit Union card to your mobile wallet for secure payments.
  • Contact-free shopping: Make purchases in stores and within apps without swiping your card or entering payment information.
  • Protect your personal information: Merchants will never see your name, card numbers, or security codes.
  • Easy setup: To start using Mobile Wallet, just add your Columbia CU debit or credit card to the Apple Pay, Google Pay, or Samsung Pay app on your device.
  • Discover more digital services: Explore more ways Columbia Credit Union can simplify your life with our digital services.

★★★★★

"Great place, great people. Would not go anywhere else."

- Howard B.

Frequently Asked Questions

Your debit card purchases are deducted from your account balance like any regular checking account. Additionally, 15 Income Checking debit card and Columbia CU credit card purchases each month help you qualify for the high interest.

This high interest checking account stands out because of its higher interest rate. It’s typically greater than rates on standard interest-earning checking accounts. This means you can grow your finances faster while enjoying the benefits of a regular checking account.
A high-interest checking account offers a higher interest rate than traditional checking accounts. This type of account allows for both deposits and withdrawals. A savings account is designed primarily for saving money and typically offers a higher interest rate than standard checking accounts. However, it usually has limits on the number of withdrawals you can make each month.

The Income Checking account offers a high-interest rate of 5.50% annual percentage yield APY on balances up to $25,000. There are specific requirements to earn this rate and up to $25 in ATM fee rebates. You must make at least 15 purchases with your debit and credit cards, have a direct deposit of at least $500, and enroll in e-statements. This account has no monthly fees or minimum balance requirements.

The RewardsPlus Checking account provides different benefits. It includes perks like one free folio of checks per year, free unlimited money orders, and a discount on safe deposit box rental.

This rewards checking account does not have monthly fees or minimum balance requirements. It offers free online and mobile banking, a budgeting tool, and e-statements. The focus for the RewardsPlus account is on banking-related discounts and perks rather than a high-interest rate.

Yes, you can use your High-Yield Checking account for daily transactions. You have the ability to make purchases, pay bills, and withdraw cash. These accounts combine the flexibility of a checking account with the advantage of higher interest rates.

$100 FOR YOU! $100 FOR THEM!

Refer a Friend for $100

Refer a friend to open their first checking account with Columbia CU and we’ll deposit $100 into BOTH of your accounts. Just our way of saying thanks—and welcome! And, a great way for you to share the value offered through Columbia Credit Union membership with your friends and family.

$100 FOR YOU! $100 FOR THEM!

Refer a Friend for $100

Refer a friend to open their first checking account with Columbia CU and we’ll deposit $100 into BOTH of your accounts. Just our way of saying thanks—and welcome! And, a great way for you to share the value offered through Columbia Credit Union membership with your friends and family.

Financial education lesson

Checking Accounts

Learn about the features, benefits, and functions of checking accounts.

Financial education lesson

Checking Accounts

Learn about the features, benefits, and functions of checking accounts.

Other smart ways to spend and save.

RewardsPlus Checking

Earning cash back from your favorite restaurants and stores sound good? With our free checking account, earn unlimited cash back rewards on all your debit purchases.

Columbia Credit Union offers 5.00% APY on a 15-month Certificate of Deposit when combined with our 5.00% APY Income Checking!

Money Market Accounts

Earn higher rates than other checking or savings accounts while keeping your money accessible whenever you need it. Plus, the more you save, the more you’ll earn!

Spend Checking

With no monthly fees and a complimentary debit card, our Spend Checking is the perfect account for teaching your kids money management skills.

Need a savings account?

¹APY=Annual Percentage Yield is accurate as of June 1, 2024, and can change at any time without notice. When qualifications are met, the Rewards Dividend Rate is calculated and accrued daily on ending balances of $25,000 or less. Dividends are paid and compounded monthly. The advertised Rewards APY assumes your balance including the prior months’ dividends, is $25,000 or less every day of every month during the APY’s annual look-ahead timeframe. Minimum to open is $1. Requirements Period: (26th of the prior month – 25th of the current month). To earn Rewards APY and/or ATM fee rebates you must complete these three Requirements during the month’s Requirements Period: 1) Be enrolled in e-Statements; 2) Have a direct deposit of at least $500 into Income Checking; 3) Have 15 posted* Income Checking debit card or Columbia CU credit card purchases; pending transactions do not qualify. Please Note: Debit and credit card transactions may not post (or may show as pending, not posted) to your Income Checking or Credit Card Account the same day as the purchases. *Definition: posted transaction has fully processed and appears on your account statement or in online & mobile banking with a transaction date. Credit card purchases count toward Requirements when the same person is the Tax Reported Owner (member) on the Income Checking and the credit card account. ATM withdrawals don’t count toward Requirements. Limit one (1) Income Checking per Tax Reported Owner (Member).

2Early direct deposit is available for checking members that set up direct deposit with their employer or other payer to receive electronic deposits of regular periodic payments (such as salary, pension, or government benefits). Early direct deposits may be available to you up to 3 days earlier, however, we are dependent on the timing of your payer’s payment and therefore you may not always see your direct deposits arrive early.