FIGFCU High Yield Checking | Earn More Interest On Your Checking Balance
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Farmers Insurance Federal Credit Union

Routing Number: 322077795

High Yield Checking

You Deserve A 5.00% APY High Yield!

Earn bonus cash

up to $250.

Earn 5.00% APY

on balances up to $5,000.

ATM rebates

up to $10 a month.

Open Account

New Member Bonus**. It’s our way of saying thanks for joining the family. Earn up to a:

  • $250 bonus when you open a High Yield Checking account and make direct deposits of $5,000 or more a month for three consecutive months.
  • $100 bonus when you open a High Yield Checking account and make direct deposits of $1,000 to $4,999 a month for three consecutive months. 

Use promo code NMHYC at signup. 

Welcome to surprising Checking benefits and earnings you won’t find elsewhere. Welcome to High Yield Checking!

For starters, you get benefits like:

  • No minimum balance requirements
  • Contactless Visa® Debit Card 
  • Digital Banking access including remote check deposit
  • Your first box of checks free

Earn Monthly Rewards
Next add amazing rewards you won’t find anywhere else, like one of the highest checking interest yeilds in the U.S. Earn 5.00% APY on checking balances up to $5,000. Balances above $5,000 will still earn the Membership Savings rate of 0.20% APY. Our High Yield Checking account is ideal if you tend to hold a larger account balance. For smaller balances, also consider our CashBack Checking accounts, that earns $5 monthly cashback credits. 

Other rewards include:

  • ATM surcharge rebates of up to $10 a month 
  • A 0.50% bonus yield for our Online Savings account when you have Direct Deposit
  • A 2.00% APR rate discount on qualifying loans, like Signature, Auto and Home Equity loans†

But in order to earn your High Yield and other rewards, you have to qualify.  
Each month, simply make 10+ Visa® Debit Card purchase transactions, have Direct Deposit of at least $1,000 per month (ACH credit of $1,000+), and be enrolled for eStatements. 

Improve your financial future with a high checking account yield and better benefits today. 

Open Account

An initial deposit of $20 is required to open any Checking Account. High Yield Checking is an interest earning checking account eligible for up to 5.00% APY interest on the average daily balance in the checking account up to $5,000 (five thousand dollars) and 0.20% APY on balances over $5,000. Dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the Dividend period. High Yield Checking will earn up to 5.00% APY interest and is eligible for up to $10 (ten dollars) in ATM surcharge rebates per statement cycle subject to the following: 1) $1,000 (one thousand dollars) monthly minimum direct deposit, 2) eStatements, and 3) 10 Debit Card Point of Sale (PIN and Signature based) posted transactions using the Farmers Insurance Federal Credit Union Debit Card. Posted transactions count toward monthly minimums. Interest earned will be credited to the account at the end of the statement period. Additional restrictions apply: I must be a Member in good standing with a valid email address on file with the Credit Union. Qualifying transactions must post and clear the account during the monthly qualification cycle. Should the account not qualify for ATM surcharge rebates and/or the 5.00% APY interest, and for balances in excess of $5000, the account will earn 0.20% APY (twenty basis points) on the checking account balance. Transactions may take one or more business days from the transaction date to post to the account. At the time of the statement cycle date you will verify the combined products and services used since the previous cycle date to determine the qualification for the 5.00% interest and the eligibility for the ATM surcharge rebate. In the event that my monthly $1,000 ACH direct deposit credit does not come in for a 60 day period, the loan discount and the rate bump-up on the certificate will also be discontinued. Current interest rates and the annual percentage yield may be found at the Credit Union’s website, may be verified at a Credit Union Branch or by calling 800.877.2345. Interest rates earned, ATM surcharge rebate amounts and qualifying dollar amounts for interest earned are subject to change at any time. APYs, ATM surcharge rebate amounts and eligibility criteria are subject to change at any time. Fees may reduce earnings. Accounts with one calendar month of no activity will be assessed an inactivity fee of $5.

† 2.00% rate discount is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment/Folio Deduction as a repayment method to qualify. Rates are subject to change at anytime.

Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at anytime.

New Member Checking & Direct Deposit Bonus: New Members/New Account must use a valid “promo/promotional” code at signup/account opening to be eligible to receive the bonus. Offer not available to existing FIGFCU Members. Offer cannot be combined with any other new member offer and is limited to one bonus per account and per Member.

Eligible “Member” must open a qualified bonus account with a minimum qualifying deposit/loan in new money to the Credit Union within 10 days of joining the Credit Union. Bonus will be paid by the 20th day of the following month after qualifying activities are completed. Bonuses will be paid for the following:

Eligible “New Member” must open a FIGFCU Checking account within 10 days of joining the Credit Union, and posted a qualified ACH Direct Deposit amounting to a minimum of $1,000 (one thousand dollars) per calendar month into the Checking account no later than 45 days after joining the Credit Union. The ACH Direct Deposit must occur for 3 (three) consecutive months before bonus is paid. Bonus will be paid by the 20th day of the following month.

  • $100 bonus for newly qualified Direct Deposits totaling $1,000 to $4,999 for 3 consecutive months.
  • $250 bonus for newly qualified Direct Deposits totaling $5,000 or more for 3 consecutive months.