Skip to main content
Online Banking Login
Online Banking
Forgot Password

High Yield Rewards Checking

Free checking that pays a great rate on deposits and refunds on ATM withdrawal fees, nationwide.


What are the rewards?

  • Earn 6.00% APY* on balances up to $10,000 
  • Earn 6.00% to 1.21% APY on balances over $10,000 depending on balance in account*
  • Earn 0.01% APY* on all balances if qualifications aren't met
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)* 
  • Link to free Rewards Savings to build savings automatically
  • No minimum balance to earn rewards 
  • No monthly maintenance fee
  • Free online suite of services

What are the qualifications?

Qualifying is easy. The following transactions and activities must post to your High Yield Rewards account during each Monthly Qualification Cycle:

  • At least 1 direct deposit, ACH payment, or bill pay transaction
  • At least 12 debit card purchases
  • Be enrolled in and agree to receive e-statements

If you don’t meet these qualifications, don’t worry — your account is still free. You’ll still earn our base rate, and you can get right back to earning your full rewards the very next cycle that you qualify.


Becoming a member of Freedom Credit Union is as easy as 1, 2, CLICK.

Cash Back Rewards Checking

If the average balance you typically maintain in your checking account is below $2,400, a Cash Back Rewards account may be a better option. Click here to learn more about earning cash back based on your debit card activity.


Request More Info

High Yield Rewards Checking Disclaimer:

Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, credit card purchases or transactions, debit card purchases processed by merchants and received by our credit union as ATM transactions, non-retail payment transactions, Person-to-Person (P2P) transactions processed by providers such as Venmo or CashApp, and purchases made with debit cards not issued by our credit union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first banking day of the current statement cycle through one (1) banking day prior to the last banking day of the current statement cycle. Contact one of our branch service representatives for specific Monthly Qualification Cycle dates.

Reward Information:

When your High Yield Rewards account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $10,000.00 in your High Yield Rewards account earn a dividend rate 5.841% resulting in an APY of 6.000%; and average daily balances over $10,000.00 earn a dividend rate of 1.000% on the portion of the average daily balance over $10,000.00, resulting in a range from 6.000% to 1.205% APY depending on the account's average daily balance.

You will receive reimbursements up to an aggregate total of 25.00 for nationwide ATM withdrawal fees incurred within your Kasasa Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. NOTE: ATM fee reimbursements only apply to High Yield Rewards or Cash Back Rewards transactions via ATM; Rewards Savings ATM transaction fees are not reimbursed nor refunded.

When your High Yield Rewards qualifications are not met, the dividend rate earned on the account's entire average daily balance will be 0.010% resulting in an annual percentage yield of  0.010% and ATM withdrawal fees are not refunded. Dividends will be credited to your High Yield Rewards Checking account on the last day of the current statement cycle. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.

APY = Annual Percentage Yield.

APY accurate as of December 1, 2023

APY calculations are based on an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.

Additional Information:

Membership restrictions may apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $5.00 minimum deposit is required to open the account, no minimum balance is required to earn the stated dividends. Monthly ACH credit or debit; and enrollment in e-statements are condition(s) of these account(s). Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications. Limit of one (1) Rewards account per member. There are no recurring monthly maintenance charges or fees to open or close this account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our credit union service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.

Trademarks: Kasasa and Kasasa Cash are trademarks of Kasasa, Ltd., registered in the U.S.A.


Making a payment on your loan(s) just got easier!

Freedom Credit Union Mobile App Mobile App

Review your account, transfer funds, and deposit checks, no matter where you are!

Apply For A LoanApply For A Loan

We offer competitive rates and local service with a smile!


Ready to become a member and take advantage of all we have to offer? Click here to get started!