LIKE A BANK, ONLY BETTER
| Potential Earnings Over 1 Year | ||
|---|---|---|
| Elements High Interest Checking | 2.00% APY1 | $400 |
| Indiana Members Credit Union Preferred Checking | 0.25% APY | $50 |
| Huntington Platinum Perks Checking | 0.03% APY | $6 |
| Chase Premier Plus Checking | 0.01% APY | $2 |
| Fifth Third Preferred Checking | 0.01% APY | $2 |
†Earnings of up to $400 based on meeting requirements for qualifying transactions to earn 2.00% APY on account and carrying $20,000 daily balance for 12 months. Potential earnings with an Elements High Interest Checking Account are estimates based on published rates current as of December 1, 2024 and subject to change without notice. Calculator is designed with certain limits and is for illustrative purposes only. Potential earnings with accounts from other financial institutions are estimates based on rates of the financial institution’s featured website as of 10/1/2024.
$400
Earning 2.00% APY with High Interest Checking on balances up to $20,000.
The interest rate for the Elements High Interest Checking account is 2.00% APY for all account holders—that's way more than the national average for interest earning checking or savings accounts! This can earn you big bucks in interest over time if you carry a balance in your checking account.
Calculate how much you could earn with a high interest checking account from Elements.
*National averages reported by Business Insider as of 10/10/22.
You can apply online in as little as 10 minutes! Or call (317) 276-2105 to get started.
When you sign up for Elements High Interest Checking account you will receive a Visa® debit card with the convenience of paying at retailers with a tap, a swipe, or a chip.
Choose from the following debit card design options:
The High Interest Checking Account has NO monthly Maintenance Service Charge when you enroll in electronic statements. If you prefer to have paper statements mailed to you, your account will be assessed a $5 Maintenance Service Charge each month.
An overdraft occurs when you do not have sufficient available funds (Available Balance) in your account to cover a transaction. In that case, we cover the overdraft and charge your account a fee of up to $32 each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account. To avoid overdraft fees, you can set up an auto-transfer of money from one of your Elements accounts to the other to match the exact amount of your overdraft. There is no fee for this service.
There are small fees for requested transactions, such as asking for an account history printout or rushing a debit card replacement. You can view these and other fees within the checking account agreement and terms and conditions.
Because we’re a credit union, we return profits to members in the form of reduced fees, higher savings rates, and lower loan rates.
We pride ourselves on being a trusted source for financial education. Your financial wellness expert will come to your workplace to answer questions and provide you with 1-on-1 assistance as you navigate the changes that come with each of life's stages.
Headquartered in Indianapolis since 1930, we rank among the top 4% of credit unions nationally.4 We serve members in all 50 states and 50+ countries. You’ll have access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.
Our technology makes banking with Elements easy. From quick digital applications to online and mobile banking, we’ll be by your side wherever you go. We’re here for you with member service available 24/7 and live chat during the workday.
1 High Interest Checking Account pays dividends using blended rate tiers meaning the stated dividend rate will be paid on the portion of the balance for each tier. The Annual Percentage Yield (APY) for Tier 1 is 2.00% on balances up to $20,000.00 and the **Tier 2 APY ranges from 2.00% to 0.86% on balances from $20,000.01 to $50,000.00. To earn Tier 1 or Tier 2 dividend rates, 15 qualifying transactions must post per statement cycle on the account. The statement cycle includes all transactions posted after the last business day of the prior month through the last business day of the current month. Accounts not meeting the qualifying transaction threshold will earn 0.05% APY. Rates accurate as of December 1, 2024. All rates are variable and may change without notice at any time. Only the following are qualifying transactions: Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals. No other transactions qualify. At least one account holder must be at least 18 years old. Fees may reduce earnings.
2 No monthly maintenance service charge when enrolled in eStatements.
3 Apple, the Apple logo, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay and Touch ID are trademarks of Apple Inc. / Google, Google Pay, and the Google Logo are trademarks of Google Inc. / Samsung, Samsung Pay, Samsung Galaxy, Samsung Knox and Galaxy S (and other device names) are trademarks or registered trademarks of Samsung Electronics Co., Ltd.
4 Based on asset size as of 12/31/2022.