Make Your Money Work for You with Energy Checking.

If you’re looking to make the most of your money, a high-interest checking account is a great way to put your dollars to work.

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What is a high interest checking account?

A high interest checking account is a type of account that earns you interest on your average daily balance, which means you’re earning extra cash without doing a thing. It’s a great way to jumpstart your savings, but it’s not a savings account! The difference between a high interest checking account and a savings account is the access you have to your money.

With a savings account, you don’t receive a debit card, and typically can only withdraw money a limited number of times per month. With a high interest checking account, you have 24/7 access to your money, just like you would a regular checking account.

How does a high interest checking account work?

You can use a high interest checking account just like a standard checking account. It comes with all the same features; the only difference is you’re earning a higher interest percentage while your money sits in your account. At ECCU, we require account holders to make 12 or more debit card purchases each month, receive monthly eStatements, and log into Online Banking at least once a month. By completing these steps each month, you’ll receive the highest interest rate and refunds on ECCU ATM withdrawal fees. It’s that easy!

Why should you open a high interest checking account?

If you’re looking to grow your money, a high interest checking account is like the best of both worlds. You have easy access to your money AND you’re earning interest without lifting a finger. It’s also a great way to keep you from spending your savings. And it’s completely safe. All money you have deposited at ECCU is federally insured by NCUA.

Earn more with Energy High-Interest Checking

At Energy Capital Credit Union, we offer a high interest checking account with competitive rates. All you need is $25 to open your account, and then you can sit back and watch your money go to work for you! You won’t believe how easy it is to earn money with this account. If you already have a checking account with us, we can switch you to this account.

Give us a call at 832-604-4848 or open your account online!

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Checking Accounts: *APY=Annual Percentage Yield. Credit union rules and regulation apply. Other fees such as non-sufficient funds, overdraft, continuous overdraft fees, etc. may apply. See the Fee Schedule for more details. Free gift may be reported on a 1099-INT or 1099-MISC. Free gift is provided at time of account opening. We reserve the right to substitute a gift of similar value. 
Rate Information: For dividend bearing accounts, the dividend rate and APY may change every dividend period based on the determination of the Credit Union Board of Directors. Hi-Yield Money Market Accounts are subject to a tiered rate. Your account will earn dividends according to the average daily balance in your account related to the table above.
Minimum Balance Requirements: The minimum balance requirements applicable to each account are stated above. For savings accounts, the minimum balance is included in all reports listing balance information, but is not included in the "available balance." If the minimum daily balance is not met each day of the dividend period, you will not earn the stated Annual Percentage Yield.
Minimum Balance to Avoid Fees: If the minimum daily balance shown above is not met during each day of the dividend period, you will be charged a service fee as stated in the Fee Schedule. 
Nature of Dividends: Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. 
Compounding and Crediting: The dividend period is monthly from the 1st day of each month to the last day of each month and dividends will be calculated on your Average Daily Balance for each day on which your balance equals or exceeds the required minimum balance. 
Balance Computation Method: For dividend bearing accounts, dividends are calculated by the Average Daily Balance method which applies a daily periodic rate to the principal in your account each month.  
Accrual on Dividends: Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. For dividend bearing accounts, dividends will begin to accrue on the business day that you deposit non-cash items (e.g. checks) into your account. If you close your account before accrued dividends are credited, you will not receive the accrued dividends. 
Fees for Overdrawing Accounts: Fees may be imposed on each check, draft, item, ATM Card withdrawal, debit card point of sale, pre-authorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance.
 
The entire balance in your account may not be available for withdrawal, transfer or paying a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. A fee of $30 for overdrawing your account may be imposed for each overdraft, regardless of whether we pay or return the draft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approved limit. If a member account goes negative, they have 60 days to repay to return the account to a positive balance.
 
Please refer to the Fee Schedule for current fee information.
 
Fee and Charges: Fees could reduce the earnings on an account. 
Free Mobile Banking: Data rates may apply. 
High-Yield Checking: The highest dividend rate only applies to balances up to $20,000. In order to receive the highest dividend rate each month the following actions must be met on a monthly basis: 12 debit card transactions per month, and have an active direct deposit. If the actions are not met the dividend rate for the month will be 0.25%, regardless of the balance.