Incentive Checking Account
You could earn over $900+ a year with Incentive Checking.
Our checking accounts are already great, but with Incentive Checking you can earn the high interest you deserve by simply doing things you're probably already doing! And believe us, that interest can add up fast! Just think what you could do with an extra $900 a year. That's a lot of lattes! Now that's better!
+ Approximate interest earned on $20,000 average daily balance at standard rates and does not include potential overdraft/returned items or other fees. The rate may change after account opening. Monthly qualifying transactions required to earn maximum APY.
Account Details
With an Incentive Checking Account, qualified members can earn 4.75% APY* on every dollar of their average daily balance up to $20,000.
- No minimum to open
- No monthly service charge
- No minimum balance required
Enjoy free Direct Deposit and Early Pay with every Insight checking account. Get access to your funds up to 2 days earlier with Early Pay from Insight Credit Union. Our Debit Cards feature tap to pay contactless technology, EMV chips and are available for Instant Issue at select Insight locations. Use Insight Credit Union, MoneyPass®*** and Presto! ATMs free of charge. Plus, gain access to secure Online and Mobile Banking with Remote Deposit, Bill Pay, Zelle® and more!
Requirements
To earn the high level of interest, there are just a few things you need to do:
- Have a valid email address on file
- Use eStatements
- Make a minimum of 1 Bill Pay transaction post to your account each month
- Make a minimum of 8 Smart Check™ Debit Card point of sale transactions each month
What if I don't meet the criteria?
If you are unable to meet the criteria each month, don’t worry. You won’t be charged some hefty fee. You will just receive a more modest interest rate on your average daily balance. And the transaction counters reset after the close of business on the last business day of each month, so even if you don’t receive the high interest rate one month, you can still qualify the next month.
Please keep in mind the close of business is 6pm on the last business day (Monday - Friday) of the month. If transactions are posted after 6pm on the last business day, they will count toward totals for the following month. The minimum age to open a checking account is 13.
Applying for an Incentive Checking Account is easy!
- Already a member? Log into Insight Online to access your account and we’ll use the information already on file for your application.
- Not yet a member? Use the link above to register and provide your information to apply for membership, accounts, and loans.
- Check Application Status! You can also check the status of submitted applications, or continue where you left off with an application already in progress.
*A.P.Y. = Annual Percentage Yield. Fees may reduce earnings on accounts. Rates may change after accounts are opened and without notice. Call 407.426.6000 for recent rate changes. Dividends are paid at the end of each month.
**Incentive Checking is a variable rate account and the rate may change after the account is opened. The Incentive Checking account is a Tiered Rate account. If your average daily balance is $20,000.00 or below and requirements are met, the APY will be the qualified APY. If your average daily balance is $20,000.00 or below and requirements are not met, the APY will be 0.05%. If your average daily balance is $20,000.01 or greater, 0.05% APY will apply to the average daily balance exceeding $20,000.00. To receive the qualified APY, member must have a valid email address, use eStatements, make a minimum of 1 Bill Pay transaction post to your account each month, and make a minimum of 8 Smart Check Debit Card transactions each month. Fees could reduce the earnings on the account.
***Insight Credit Union will not charge you a fee when you use an MoneyPass® ATM, but the owner of the ATM may still charge you a fee.