High Yield Checking



Watch your deposits grow with CU1 High Yield Checking.

No fees, no minimum balances and get paid up to two days early!²

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Get Paid Sooner

Set up direct deposit to your High Yield Checking Account and get paid up to two days sooner2 with CU1 Early Pay, no special steps required.


Bank Nationwide

Bank anywhere without fees thanks to 30,000 CO-OP ATMs and 5,000 shared branch locations across the country.



View statements & other electronic documents within Digital Banking.

Open an Account in Minutes


A simple, self-service option to open your High Yield Checking account quickly, at your convenience.

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In Person

Our CU1 team members would be happy to assist you with account opening and more at the branch closest to you.

Schedule an Appointment

or Find a Location

Over the Phone

Our Member Solutions Specialists are available by phone Monday through Friday, 9:00 am – 6:00 pm CST, and Saturday, 9:00 am – 1:00 pm CST.

Call 800.580.2479



What is a high yield checking account?

  • ​Credit Union 1’s High Yield Checking account gives you easy accessibility to your money for everyday transactions, with the added opportunity to earn dividends simply by using your account. By meeting monthly requirements, you can earn a higher dividend rate on checking account balances up to $10,000. Balances over $10,000 will earn 0.01% APY1.

How much do I need to open a high yield checking account?

  • The High Yield Checking account does not have an opening or minimum balance requirement. However, balances up to $10,000 can earn a higher dividend rate when monthly requirements are met. Balances over $10,000 will earn 0.01% APY1.

What are the requirements to earn High Yield Checking’s higher dividend rate?

  • To earn the higher dividend rate in High Yield Checking on balances up to $10,000 you must (1) be enrolled in digital banking, and (2) be enrolled in eStatements, and (3) post and clear 15 qualifying CU1 debit card or bill pay transactions per month, and (4) deposit a minimum of $1,000 to the high yield checking per month.

What is a qualifying transaction?

  • A qualifying transaction includes CU1 debit card purchases (online or in person) and CU1 bill payments.

Are there any debit card transactions that are excluded from the transaction requirement?

  • Yes, ATM transactions are excluded from the transaction requirement.

Where does the required monthly deposit need to be deposited?

  • To qualify for the higher dividend rate, there must be a minimum of $1,000 deposited into your High Yield Checking each month. It can be direct deposit, cash, check, external transfer, mobile deposit, or ACH.

Is there a minimum balance requirement?

  • There is not a minimum balance requirement.

Is there a penalty if I don’t meet the qualifications?

  • If you don’t meet the qualifications for the month, your High Yield Checking account will earn 0.01% APY. You will be eligible to earn the higher dividend rate if you meet the qualifications the following month.

Will I still earn dividends if my high yield checking balance is over $10,000?

  • Yes, on balances up to $10,000 you will earn the higher dividend rate, and you will earn 0.01% APY on balances over $10,000.



Bank Smarter with Credit Union 1

1 Stop Financial Learning

Good financial health is a journey, with lots of learning along the way. Whether you are signing up for your first checking account or planning for retirement, Credit Union 1 wants to pass along our knowledge. Because our first love is banking, and our first priority is helping you achieve your goals.


What Is a High Yield Checking Account?

High yield checking accounts combine the features of a traditional checking account with the benefit of earning dividends, often at higher-than-average interest rates than standard checking accounts.

Read More


5 Ways Digital Banking Makes Managing Your Finances Easier

Digital Banking makes managing your everyday finances effortless—here are five ways you can use it to stay on top of money management and achieve your goals.

Read More


What’s the Difference Between a Credit Union and a Bank?

Credit unions are the alternative to big banks that might just be right for you and how you manage your everyday finances. Learn more about the major differences between these two financial institutions.

Read More





Summer at CU1 Amphitheatre

The 2024 concert season schedule for Credit Union 1 Amphitheatre in Tinley Park is live! Check out the exciting lineup of shows and enjoy exclusive pre-sale tickets as part of your CU1 membership. 

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All checking accounts are subject to approval. The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information, please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compounded monthly.

1APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rate is subject to change without notice. The rate may change after the account is opened and without notice. Dividends calculated using Average Daily Balance. Requirements to earn the current declared High Yield Checking rate on balances up to $10,000: You must (1) be enrolled in digital banking by registering for CU1’s digital banking service and create a password, (2) be enrolled in eStatements for the account in which the High Yield Checking Account is established, (3) have at least 15 CU1 Bill Pay or CU1 Visa®️ debit card transactions per calendar month (or a combination of the two), excluding ATM transactions, in the High Yield Checking Account,  and (4) have minimum aggregate deposits totaling $1,000 deposited into the High Yield Checking per calendar month. Balances over $10,000 will earn 0.01% APY. Transactions that are pending on your High Yield Checking account and have not posted as of the end of the calendar month qualification cycle, will not count as qualifying transaction for that calendar month cycle. If Requirements are not met, balances will earn 0.01% APY.  Deposits, bill pay transactions, and/or debit card transactions made to any other account or sub account belonging to the account owner, or any joint owner, will not apply to these High Yield checking requirements.

2Early access to direct deposit funds is a free, automatic feature and depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date. Standard fraud prevention restrictions apply. If your deposit doesn't arrive early, expect it to arrive on your scheduled payday.

Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals.