Genius High Yield Checking Account with Debit Rewards - Genisys® Credit Union

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NEW RATE ALERT!

Earn 5.25%APY*
+ Checking Account Debit Rewards

Genius High Yield Checking is a high interest checking account that can pay cash dividends just for using your debit card and estatements, and the annual percentage yield (APY) will help you make the most of your money.

Open Account Online

Give Your Checking Account a Raise.

Slide the green circle to adjust the account balance and see how much you could earn with Genius High Yield Checking.

*The earned per year amount shown is calculated by a full year at the account balance amount selected in the slider. Your results may vary as your daily account balance fluctuates.

$0

$7,500

Open Account Online

*The earned per year amount shown is calculated by a full year at the account balance amount selected in the slider. Your results may vary as your daily account balance fluctuates.

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Easy Access, Simple to Earn

Enjoy our 5-Star Mobile Banking App. Quickly see your daily finances at a glance and loads of easy-to-use features to help you manage your money. Oh, and earn 5.25% APY* on your checking account.

man holding Genisys Debit Rewards Mastercard while using a tablet

Earn Rewards for Everyday Purchases

Every time you sign for transactions using your Genisys Rewards Debit Mastercard®, you automatically earn 1 point for every $2 you spend. Points are redeemable for travel, merchandise, gift cards, and much more.

See How Genisys Compares:

 


Genius High Yield Checking

Compared to:
Major
National
Bank

Earned Annual Percentage Yield

5.25%
APY*

0.01%
APY*

Yearly Fees

$0

$300

Minimum Balance

$0

$15,000

Debit Rewards

 

Bank rate fee information from Bankrate.com.

Open or Upgrade Your Account Online.

Start earning an amazing rate of return on your high yield checking account and Debit Rewards in just a few simple steps.

1

Open or Upgrade Your Account

Not a Member?
Open Your New Account Online

Already a Member?
Upgrade your existing Genisys checking account in Online Banking

Note: When logging into Online Banking current members can click on the “Genius Checking” link on the left sidebar to begin your Genius upgrade.

2

Enroll in eStatements

Enroll to receive your bank statements online. It's fast, easy, convenient and secure.
How to enroll in eStatements

3

Use Your Genisys Debit Rewards Mastercard®

Start using your debit card 10 times a month for purchases of $5 or more excluding ATM transactions (purchases must post during the month to qualify - see full disclosure and excluded transactions here).*

Learn more about your Genisys Debit Rewards Mastercard®

High Yield Checking Account FAQ

What is a high yield checking account?

A high yield checking account works like a standard checking account by giving you access to your money whenever you need it, but with one big difference - you can earn interest just by using your account! By keeping your money in a high yield checking account and using your debit card like normal, you can earn cash dividends from an annual percentage yield (APY).

How does a high yield checking account work?

Our high yield checking accounts offer cash dividends, paid out monthly, that offer an APY interest rate on your average daily balance. If you use your debit card 10 times a month (or more), your daily average checking balance will start to earn interest using our APY. This interest is then paid out at the end of the month on your average daily balance, up to $7,500*.

What does “high yield” mean?

When it comes to interest checking accounts, the term “high yield” refers to the annual percentage yield being calculated as interest. Most standard checking accounts don’t offer interest, as they’re more meant for daily spending instead of holding onto your money in the way a savings account would. High yield checking, accordingly, offers interest rates rates the way you would get on something like a CD or Money Market account, but you get rewarded for using your money for everyday needs!

Do all checking accounts pay interest?

Many standard checking accounts don’t offer interest, and that’s what makes a high yield checking account so unique. The interest is calculated using your average daily balance, and is paid out at the end of the month so long as your debit card is used 10 times that month.

How much do I need to open a high yield checking account?

Opening a high yield checking account is free at Genisys Credit Union! Our checking accounts don’t require an initial deposit or minimum balance. However, as our APY and benefits are calculated by your average daily balance, keeping a high balance may help you make the most of your money and benefits.

Is there a balance minimum for high yield checking accounts?

Most Genisys checking accounts don’t require balance minimums over time. However, the balance of a high yield checking account will have an impact on your overall rewards - as your APY is calculated based on your average daily balance, maintaining a good balance can help you reap even greater benefits at the end of the month!

*Annual Percentage Yield designated as APY and subject to change at any time. Must enroll in eStatements and use your Genisys Debit Mastercard® at least ten times per month for purchases of $5.00 or more, excluding ATMs, to earn 5.25%APY. Balances over $7,500 will earn .05%APY. The earned per year amount shown is calculated by a full year at the account balance amount selected in the slider. Your results may vary as your daily account balance fluctuates. Transactions that are pending on your account, and have not posted as of the end of the monthly qualification cycle will not count as a qualifying transaction for that cycle.

Note: Current checking members must upgrade account through Online Banking or by contacting a branch. When logging into Online Banking current members can click on the “Genius Checking” link on the left sidebar to begin your Genius upgrade. To enroll in estatements, simply login to Online Banking. Click on “eStatements” on the left sidebar. Click on "I prefer eStatements" and agree to the disclosure. Annual Percentage Yield designated as APY. Balances over $7,500 will earn .05%APY. Transactions that are pending on your account, and have not posted as of the end of the monthly qualification cycle will not count as a qualifying transaction for that cycle. See full Truth In Savings Account disclosure.

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