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Earn 3.50% APY* on balances of $250,000 and greater without being locked into a specific term, and make transactions whenever you need them.
Enjoy Arbor Financial's Select Checking Account with no fees, no minimums, and direct deposits up to 5 days early with Early Pay+. You'll reap the rewards of outstanding monthly dividends that are typically associated with Certificates of Deposit. Plus, you'll receive the saftey and peace of mind of knowing your funds are federally insured by the NCUA1.
When you have $250,000 or more in your checking account you can earn up to 3.50% APY*.
Enjoy the perks of no-fee checking and no minimum balance requirements. Transfer and use your checking account as much or as little as you'd like with no penalty for dropping below $250,000.
Enjoy access to your eligible Direct Deposits up to five days sooner-for free with Early Pay!
Enjoy a Visa Debit Card with your choice of PIN as soon as you open your account.
Access your money with one of the 30,000 surcharge-free ATM's in our network. Find an ATM near you!
Manage your money through our easy to use Online Banking, Mobile Banking, plus complementary Web Bill Pay, and remote deposit capabilities.
Enjoy complimentary checks on this account.
Sign up for Overdraft Protection to avoid costly merchant fees.
Use Zelle as a convenient way to send money quickly and safely using your mobile banking app or online banking account.
Grow and manage your finances with these additional tools and resources.
To open your Select Checking Account, apply online or visit one of our branches across West Michigan:
The higher your balance in your Select Checking Account, the more you earn.
For balances $250,000 and above you earn a dividend of 3.50% APY+
For balances $249,999.99 and below you earn a dividend of 0.01% APY+
Dividends are payments made to credit union members as part owners of the company. By paying our members dividends, we can distribute revenue to the owners. We pay our dividends monthly.
There is no minimum balance requirement, however, to earn the highest yield you must have at least $250,000 in your account.
Yes, your funds are federally insured through the NCUA up to $250,000 per depositor, for each account ownership category.
Your account will not be charged a monthly maintenance which means you get to keep all the interest you earn.
1. Funds are federally insured through the NCUA up to $250,000 per depositor, for each account ownership category.
* Annual Percentage Yield (APY) earned on Arbor Financial Credit Union's checking programs are calculated by the daily balance method. Dividends are compounded and paid monthly. The dividend rate and APY are variable and may change at any time. Fees may reduce earnings on the account. APY shown is accurate as of January 1, 2024. Interest earned on daily balances of $250,000 or more. If the balance is below $250,000, you will earn 0.01%.
+Direct deposits and other Automated Clearing House (ACH) credits may post to your account up to five days early with the Early Pay service. The Early Pay service is dependent upon when the deposits are originated from the sender and received by the Credit Union, and we cannot guarantee deposits will post prior to their anticipated settlement date. The Credit Union is not responsible for delays in posting due to unforeseen circumstances. The Credit Union, in its sole discretion, may determine whether certain deposit payments, deposit types, or member accounts are excluded from the service. The terms and conditions for Early Pay are subject to change, at any time, without advance notice. Not applicable to business, loan, or mortgage accounts.
