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High Interest Checking

Get more from your money with a High Interest Checking Account.

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High Interest Checking Dividend Rate  APY 
Balances up to $20,000 1.98% 2.00%
Balances greater than $20,000 0.10% 2.00% – 0.86%**
Non-Qualifying Rate 0.05% 0.05%

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 January 1, 2025. 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.

More Disclosure

High Interest Checking

Our most popular checking account.

KEY FEATURES

  • Unlimited transactions
  • First 40 checks FREE
  • No monthly Maintenance Service Charge when enrolled in electronic statements
  • No minimum balance
  • Visa® debit card with the convenience of paying at retailers with a tap, a swipe, or a chip
  • Online check images
  • FREE access to credit score

Calculate Your Earnings

MAY BE A GOOD CHOICE IF

  • You want the flexibility of a traditional checking account while you earn dividends
  • You typically maintain a high daily balance
  • Trade-off: The ability to earn dividends requires 15 qualifying transactions each statement cycle (such as using your debit card)

Compare Checking Options

Get a Debit Card that is So You

Choose from three debit card options when you apply for your checking account:

  • Elements — Our standard debit card style
  • Butler University — Back the Bulldogs every time you use it
  • Indianapolis Indians — Show your support for Indianapolis’ Minor League baseball team

Elements has all the features I look for in a bank including an easy to use app and I earn a great rate on my checking account.

- Josh S. | Member since 2018

How Much Will I Earn with High Interest Checking?

Earnings Calculator

Your Total Earnings Over 1 Year:

Earning 2.00% APY with High Interest Checking on balances up to $20,000.

Potential Earning Over 1 Year

0.25% APY $50
0.03% APY $6
0.01% APY $2
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 1/1/2025 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.

  1. 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 January 1, 2025. 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. 2 Based on asset size as of 9/3/2024.