SKY HIGH YIELD ACCOUNT
Ascend to financial peaks with our Sky High Yield Account. It’s not just a step—it’s a monumental climb towards a brighter financial summit!
Check out the monthly qualifications to see if the OURCU Sky High account is the right choice for you!
Monthly Qualifications Include:
12 Debit Card Swipes (online or in person) of $3+: Your path to conquering financial peaks.
1 Digital Banking Login: Your base camp for scaling new financial heights.
$500+ Direct Deposit: Gear up for your financial rise.
Enroll in E-Statements: Streamline your trek with paperless banking.
Qualification Results:
Conquer the peak with 6% APY on balances up to $10,000.
Scale the heights at 0.10% APY on all dollars in excess of $10,000.
Stay the course with a 0.05% APY even if you don't meet the qualifications.
Sky-High Benefits:
No climbing Fees: Float freely with no monthly fees tied to this account.
Unlimited Transactions: Navigate financial cliffs and crevices with ease.
Free Nationwide ATM Access: Your money harness, ready for any terrain you encounter.
Top-Tier Mobile App: Navigate your finances with precision, anytime, anywhere.
Join the Ascent with Us: The Sky High Yield account is your financial harness, securing your climb to the peak of financial freedom.
QUESTION: I met all of the monthly qualifications on my Sky High Yield account - Why am I not seeing an APYE (Annual Percentage Yield Earned) of 6%?
ANSWER: It’s important to understand that you will not see an APYE of 6% on your Sky High Yield account unless your balance is $10,000 or less. This is because the account calculates the yield based on two different rates: a 6% rate for the first $10,000 and a 0.10% rate for any balance above $10,000. This means the overall APYE will always be a blend of these two rates depending on the account balance.
In addition to these two rates, there are other factors to consider when determining the APYE. These factors include the average daily balance and the number of days in the month. All of these elements are used to calculate the rate earned for the entire account, which is then used to determine the APYE for that specific month.
Disclosure information:
*APY = Annual Percentage Yield. All monthly qualifications must be met to earn the 6% APY on dollar amounts up to $10,000; 0.10% interest will be earned on all dollars in excess of $10,000, example: $15,000 balance that qualifies would be $10,000 at 6% and $5,000 at 0.10%. Non-qualified accounts will earn 0.05% interest. All dividends on the Sky High yield account dividends are calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period.
Monthly Qualifications: A minimum of 12 debit card transactions of at least $3 each that must post by month-end, one online or mobile banking login per month, eStatements enabled and one direct deposit of at least $500 per month.
New membership must include a savings account with a minimum $25 opening deposit. The Sky High Yield account requires $0 opening deposit and will earn a 6.00% annual percentage yield (APY) on balances up to $10,000 if qualifications are met. Fees may reduce earnings. This offer cannot be combined with any other offers, and there can be only one Sky High Yield account per Social Security number. Federally insured up to $250,000 by the NCUA. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Call 800-426-5657, toll free, for more details.
