High-Yield Interest Checking Account | On Tap Credit Union

“I have been banking here since I was a child. Always so impressed with the customer service here. I called to get some assistance with my account today, and Gabriel was amazing. I highly recommend banking here. I also have a loan here for a vehicle, and the interest rate was the lowest around.”

Jordanne S.

On Tap Credit Union Member

What is an interest-earning checking account?

I.P.A. Checking with On Tap Credit Union comes with all the convenience of a traditional checking account but with the added benefit of earning interest on the balances you hold. In addition to earning dividends on your checking account, you also get access to perks like credit and dark web monitoring, cell phone protection, and telehealth care to protect your wallet and overall well-being.

How do I earn interest on my checking account?

Earning interest is as simple as using your checking account just like any other. The more you carry in the account, the more you earn! Earn 4.00% APY* on your first $5,000 with competitive rates for everything beyond.

How do I avoid fees on my interest bearing checking account?

Simple! Follow these 3 easy requirements to earn Interest and waive the $8.00 monthly fee:
- Register for e-Statements
- Make 20 debit card purchases per month
- Have an average daily balance of $2,500 - or - a combined average daily balance of $10,000 across all deposit accounts

What other benefits are included with my I.P.A. Checking?

• Earn competitive interest
• Up to $20 in monthly ATM fee refunds
• 30,000+ fee-free ATMs nationwide
• Online and mobile banking
• Bill pay

Avoid the $8 monthly fee and tap into higher interest. Here’s how:
- Sign up for eStatements
- Use your debit card 20 times a month
- Keep $2,500 in your checking, or $10,000 across all your accounts

Help Better Protect Your Identity
Rest easy with IDProtect® - identity theft monitoring and resolution service2:
• Identity Theft Expense Reimbursement Coverage3 - Receive up to $5,000 to clear your name and restore your identity, if you’re a victim of identity fraud.
• Dedicated Fraud Resolution Specialist - Personalized assistance every step of the way until your identity is restored.
• Credit File Monitoring - Daily credit file monitoring and automated alerts of key changes to your credit report (registration/activation required).
• Dark Web Monitoring - Monitors your personal information and alerts you if your personal information is exposed online – also known as cyber monitoring (registration/activation required).

Save When You Play
• Travel and Leisure Discounts - Enjoy exclusive savings from thousands of local and national businesses—access discounts anytime, anywhere from your mobile device or online portal (available via mobile or web only).

Interest Premier Account Helps Protect You From Unexpected Losses
• Cell Phone Protection3 - Up to $600 of coverage for repair or replacement cost if your phone is stolen or damaged—U.S. and abroad.
$50 deductible
Up to two claims per year & $1,000 maximum per account, per 12-month period
Covers up to four phones (when the bill is paid using this account)

Save On Health Care
• Telehealth4 - 24/7 access to U.S.-based, board-certified doctors via phone or video—zero copays, no surprise bills.
Telehealth covers non-emergency, urgent care for things like allergies, sinus infections, flu, strep throat, bronchitis, hypertension, rashes, acne, and more
Includes access to therapists and mental health counselors
Prescription and lab discounts
This is not insurance (registration/activation required)

Who is eligible for the extra benefits?

Benefits are available to personal checking account owner(s) and joint account owner. Some benefits require registration/activation.

How are dividends calculated when I earn interest on my checking account?

When requirements are met (eStatements, 20 debit card purchases per month, and balance minimums), you’ll earn a higher Annual Percentage Yield (APY) than with On Tap Credit Union’s standard free checking account. Dividends are calculated daily and credited monthly. The rate you receive will be a blended rate based on the amount of funds in your account. You can estimate how much you will earn using our blended rate calculator.

*APY=Annual Percentage Yield.

1) To earn the higher Annual Percentage Yield (APY), you must meet all of the following during each statement cycle: (1) enroll in eStatements, (2) complete 20 debit card purchase transactions, and (3) maintain either a $2,500 average daily balance or a combined $10,000 balance across all deposit accounts. APY is variable and subject to change without notice. Fees may reduce earnings. An $8 monthly service fee is waived when the same criteria are met. Offer cannot be combined with other promotional APYs or APY increases. See the account disclosure and fee schedule for details. ATM and cash advance transactions do not count toward the debit transaction requirement. The Credit Union does not control the timing of when debit transactions post. Limit one qualifying checking account per member. Must be 18 or older to access all account features. Other restrictions may apply.
2) Benefits are available to personal checking account owner(s), and their joint account owners subject to the terms and conditions for the applicable Benefits. Some Benefits require authentication, registration and/or activation. Benefits are not available to a “signer” on the account who is not an account owner or to businesses, clubs, trusts, organizations and/or churches and their members, or schools and their employees/students.

3) Special Program Notes: The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described. Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions. Coverage is provided through the company named in the Guide to Benefit or on the certificate of insurance. Insurance products are not insured by NCUA or any Federal Government Agency; not a deposit of or guaranteed by the credit union or any credit union affiliate.
4) 3 Available for the accountholder and their spouse/domestic partner and up to six (6) dependent children age 2 and older. This is not insurance.

** registration/activation required

*** available via mobile or web only

I.P.A. Checking - Interest Premier Account

I.P.A. Checking makes it simple to earn money, keep your finances safer, and take advantage of smart savings on financial services and everyday discounts.

High-Yield I.P.A Checking

A Checking Account With Perks That Pay

Earn 4.00%
APY*

New Members - Apply And Tap Into More With Your Checking Account

HAVE QUESTIONS ABOUT HOW MUCH YOU COULD EARN?

Earning More Is Easy With The Right Solutions In Place

Get More From The Money You Use

Keep Access To Funds You Need Now, Save More on What You Don't

Waive Fees With Simple, Everyday Activity

Elevate Your Checking Account With Perks That Pay

SEE HOW MUCH YOU COULD EARN wITH A HIGHER INTEREST CHECKING

Frequently Asked Questions

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