Have all the features of a checking account and
earn the same rate as a 5 year CD.
Monthly Account Requirements
Frequently Asked Questions
What if I'm already a member and want to convert my existing checking account?
The process is simple - you can convert and keep all your existing checking account products! All you have to do is give us a call at 202-808-3600 or 888-626-9845. You can also fill out a Contact Us form and we will contact you during our business hours.
What are the benefits of Performance Checking?
- High-dividend on balances up to $20,000.
- Free Online and Mobile Banking
- Free Online and Mobile Bill Pay
- Free Finance Works Financial Management Tool
- Free online Debit Rewards
What are the qualifications that must be met to qualify for the monthly benefits on this account?
- Make 12 debit card purchases. Transactions must post before the end of the month.
- Receive your monthly account statement electronically.
- Set up a direct deposit
- Login to mobile/online banking at least once during the month
How often must the qualifications be met to qualify for Performance Checking benefits?
- The qualifications must be met each month.
What happens if I do not meet the qualifications during the month?
- Your checking account is still free but you will not be paid dividends. You will be able to start over the next month to earn benefits.
Are there any monthly service fees?
- No. There are no monthly service fees.
Can the APY (annual percentage yield) change on my Performance Checking account?
- Yes, all rates on Performance Checking may change. See our disclosure form .
If I meet the qualifications, when will I receive my benefits?
- Dividends are paid monthly and posted on the last day of the statement cycle.
Will I earn dividends on my end of month balance or average month balance?
- Dividends will be paid on the average monthly balance.