Free Checking. Simply Better.

Checking how it always should’ve been. Free.

Gone are the days of working for your checking account. Our new Earn Big Free Checking account puts the power back in your wallet. Where it should be. We want to reward you for the things you do every day, like using your debit card and having direct deposit. Plus, with this new account we make having eStatements even greener (with that extra green in your pocket…see what we did there?) Each month, you’ll qualify to Earn Big when you meet the following criteria1:

  • Have direct deposit of at least $500#
  • Be enrolled in eStatements
  • Use your debit card at least 25 times (ATM transactions don’t count)

And that’s it. Once you hit that, you’ll earn 1.00% APY* on your first $2,000!

Here’s how the rate works:

tierAPY*Dividend Rate
$0.00 - $2,0001.00% 1.00%
$2,000.01 - $5,0000.49% to 1.00%0.15%
$5,000.01 - $10,0000.32% to 0.49%0.15%
$10,000.01 - $50,0000.14% to 0.32%0.10%
$50,000.01 - $100,0000.12% to 0.14%0.10%
$100,000.01 - $250,0000.08% to 0.12%0.05%
$250,000 and over0.05% to 0.08%0.05%

Calculate your Earnings in One Year

Should you find yourself unable to meet the monthly criteria, no worries! You’ll still earn 0.01% APY* on your entire checking balance and you reset for the next month.

Earn Big Free Checking Earnings Calculator

Deposit range is $0–$99,999,999

Distribution Breakdown
Tiers APY
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This calculator is for illustrative purposes only and does not reflect the actual results of any specific deposit amount.

* APY = Annual Percentage Yield. #Qualifying Direct Deposit of your payroll or benefit must be a cumulative amount equal to or greater than $500 per month. In order to receive eStatements you must agree to the Terms and Conditions; eStatements are viewable within online banking. 25 Visa Debit Card transactions must post to your checking account during the qualification period. ATM transactions do not qualify. The qualification period is from 12:00:00 am MST on the 1st of the month to 11:59:59 pm MST on the last day of each month. You must be enrolled in eStatements by 2:00 pm MST on the last day of the month to qualify as receiving eStatements. 1You must meet all criteria to earn tiered rates; if all criteria is not met, you will earn 0.01% APY based on your average daily balance in the period. At the end of the qualification period if all criteria are met, a blended rate dividend is paid based on the average daily balance on your account. Dividends are paid at tier rates on balances within each tier. Total dividends paid is the sum from each tier. Rates are valid as of 08/01/2022 and are subject to change at any time without notice. Only Consumer checking accounts are eligible. These qualifications and rates do not apply to business or other checking products offered by Premier Members Credit Union. All dividends earned on this product will be reported on applicable tax documents including 1099-INT.