Earn interest
This checking account earns interest so you can pocket the extra cash! Worried about fees? We’ll waive yours if you maintain an average daily balance of $500 or more – otherwise it’s just $4 a month. With your account, you’ll also receive a Visa debit card, either mailed to you or issued instantly at one of our branches.
Why choose Arsenal?
Simply put, we treat our members better. Credit unions offer the best interest rates on checking accounts, according to the latest Banking Landscape Report from WalletHub. Credit Unions provide over seven times more value than regional banks and 15 times more value than national banks.
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1
More for your money
This checking account comes with a Visa® debit card that lets you earn rewards for signature-based transactions.
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2
Seamless deposits
Save time and make deposits on-the-go just by snapping a picture of your check with your smartphone using mobile check deposit on the Arsenal app.
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ATMs aplenty
We offer more free ATMs than the megabanks. Through the CO-OP Network, you can access more than 250 local and nearly 30,000 machines around the country.
Rates
| Product | Minimum Balance to Earn APY | APY Dividend/Interest Rate | Compounding Frequency |
|---|---|---|---|
| Value Checking | $0 | .10%/.10% | Monthly |
| Advantage Plus Checking | $0 | .20%/.20% | Monthly |
FAQs
- Always use permanent ink when writing checks rather than pencils or erasable ink pens.
- Make out a check to a name, not "cash" so someone else can't cash that check.
- Draw a line after the name of the party who's supposed to get the money.
- Print numbers as close as possible to the preprinted dollar sign.
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Rate information – The interest rate and annual percentage yield may change every month. We may change the interest rate for your account as determined by the credit union board of directors.
Compounding and crediting – Interest will be compounded every month. Interest will be credited to your account every month.
Effect of closing an account – If you close your account before interest is paid, you will not receive the accrued interest.
Minimum balance requirements – You must maintain a minimum average daily balance of $500.00 in your account to avoid a minimum balance fee. If, during any month, your average daily balance is below the required minimum, your account will be subject to a minimum balance fee of $4.00 for that month.
Average daily balance computation method – Interest is calculated by the average daily balance method which applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) to your account.
Transaction limitations – No transaction limitations apply to this account unless otherwise stated in our Common Features.