Checking Account Rates



Rates reflect dividends for October 1, 2023 - December 31, 2023. For updated information, inquire at any FedChoice Financial Service Center location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Checking Accounts
Type of Account Minimum Daily Balance to Earn Declared Rate APY*
Premium Checking§ $1,500 0.15%
High Yield Checking^ $0 3.00%

§Dividends Compounded and Credited: Quarterly
Balance Method: Average Daily Balance Limitations: Refer to Member Services Agreement.

^For High Yield Checking accounts, you may qualify for higher dividend rate and annual percentage yield if you meet the applicable minimum qualification requirements for the monthly qualification cycle. To meet the minimum qualification requirements you must; a) make 15 debit card transactions totaling $500.00 that post and settle your account; and b) be enrolled to receive eStatements. The monthly qualification cycle is defined as the beginning of the month to the last day of the month. All debit card transactions must post and settle to your account during the monthly qualifications cycle to qualify for higher dividend rate and annual percentage yield. You will not receive dividends on any balance greater than $10,000.00 or if you do not meet the minimum qualification requirements. Rate subject to change after account opening. Dividends are paid monthly. 

*Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. See your account disclosure for additional information about your account.

All rates subject to change without notice. Please call the Member Care Center to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration (NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.