mY generation checking
mY generation checking is a divided-bearing checking account with no monthly service fees. Features and requirements include:
- No monthly service fees.
- $25.00 minimum to open a mY generation checking account.
- No minimum balance required.
- A special 5.01% APY* dividend is paid on balances up to $25,000 each statement cycle that the four requirements listed below are met.
- If the balance exceeds $25,000 and the requirements are met, a dividend of 1.01% APY will be paid on the balance above $25,000.
- If you fail to meet the requirements for the statement cycle, a dividend equal to the SACU base checking rate will be paid on all balances.
- The rates listed above are variable and subject to change at any time.
- Fees may reduce earnings on this account.
- Dividends are calculated using the Daily Balance Method and paid on all balances.
- ATM transactions where a charge is incurred will be automatically refunded up to $25 each statement cycle that the requirements are met.
- If the requirements are not met for a statement cycle, ATM charges will not be refunded.
- Taking advantage of PayAnytime, the SACU Online Anytime® bill pay service free of charge, as an added convenience.
- Unlimited access to funds virtually 24/7 with an SACU CashAnytime® Debit Card.
- Must make at least 12 debit card transactions (excluding ATM transactions).
- Must receive an e-Statement each cycle.
- Must set up a direct deposit or one ACH Auto Debit per cycle.
- Must access SACU Online Anytime®
Requirements to receive dividends and ATM refunds:
