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 Purchases (online or in person) of $3+: Your path to conquering financial peaks.
1 Digital Banking Login: Your base camp for scaling new financial heights.
One Direct Deposit of $500+: 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.
Sky High Yield FAQ*
QUESTION: If I meet all the monthly qualifications on my Sky High Yield account what interest will I be paid?
If the average daily balance of your Sky High Yield account is $10,000 or less, the interest rate paid on the entire balance of your Sky High Yield account will be 5.84% with an APY of 6%.
If the average daily balance of your Sky High Yield account is greater than $10,000:
(i) An interest rate of 5.84% will be paid only for that portion of the average daily balance of your Sky High Yield account that is $10,000 or less with an APY of 6%; (ii) An interest rate of .10% will be paid only for that portion of the average daily balance of your Sky High Yield account that is greater than $10,000 with an APY of .10%; and (iii) The blended APY for the entire average daily balance of your Sky High Yield account will be reflected on your monthly statement as APYE (Annual Percentage Yield Earned).
Example: Member A has $15,000 in their Sky High Yield account. Member A will earn: (i) an interest rate of 5.84% on $10,000 with an APY of 6%; and (ii)an interest rate of .10% on $5,000 with an APY of .10%. Member A will earn a blended APY of 3.92% on the total $15,000 in their Sky High Yield account.
What additional factors impact my earnings? In addition to the tiered structure, your actual APY is influenced by:
Your average daily balance throughout the month
The number of days in the month
*This FAQ may not represent current rates, terms, and programs. Click here for current rates.
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 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 purchases 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.
