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A high-yield checking account can be a smart way to make your everyday money work harder. Unlike a traditional checking account, which may earn little to no interest, a high-yield checking account offers members the opportunity to earn a competitive Annual Percentage Yield (APY) while still enjoying the convenience of daily banking. At First Community, accounts like First Rate Checking are designed to help members grow their money and manage everyday expenses.

How Does a High-Yield Checking Account Work?

A high-yield checking account works much like a traditional checking account. You can still:

• Pay bills
• Use a debit card for purchasing
• Access online and mobile banking
• Deposit checks and withdraw money when needed

The difference is that qualifying accounts earn dividends on their balance. In many cases, members can unlock higher earnings by meeting monthly requirements such as:

• Making a certain number of purchases
• Setting up direct deposits
• Enrolling in e-Statements

These activities are often things members already do regularly, making it easy to take advantage of the account's higher earning potential.

Benefits of a High-Yield Checking Account

One of the biggest advantages of a high-yield checking account is the ability to earn money you use every day. Instead of transferring funds back and forth between checking and savings, your checking balance can continue to work for you.

Unlike some savings accounts that may limit withdrawals or transfers, checking accounts are designed for daily use. This means your money remains accessible while you are earning competitive dividends.

Why Our Members Choose First Rate Checking

First Rate Checking from First Community Credit Union offers members a way to maximize their everyday banking with features including:

• 3.51% APY on balances up to $25,000
• 3.51% to 0.77% APY on balances over $25,000, depending on the balance in the account
• 0.10% APY if qualifications aren't met
• Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)
• No monthly maintenance fee
• No minimum balance to earn rewards
• Free temp and cashier's checks
• Free digital banking, debit card and telephone banking
• Members 13-17 can have a checking account if an adult is listed on the account
• 0.25% discount on consumer loans
• $350 discount on mortgage closing costs

Even if you don't meet your qualifications during the cycle, your account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the following month.

Is a High-Yield Checking Account Right for You?

A high-yield checking account may be a great fit if you:

• Regularly use your debit card
• Want to earn more on everyday balances
• Prefer convenient access to your money
• Want to simplify your finances

It can also be helpful for building goals for savings while keeping your money accessible. We also offer other options such as Vacation and Christmas Club Accounts along with Additional Savings Accounts to help reach your goals.

Start Making Your Everyday Banking Work Harder

Your checking account does more than hold your money; it supports your daily financial life. Choosing a high-yield checking account can help you earn more while maintaining the flexibility and convenience you already expect from everyday banking.

To learn more about First Rate Checking, click here or stop by your local branch today.