focus more on what matters most.
It’s our most popular account for a reason. SmartRate Checking offers above-market rates, refunds on ATM fees, no monthly fee and no minimum balance. Earn your highest dividends, pay your lowest fees and focus more on what matters in your day.
Earn dividends at above-market rates when you meet 3 simple requirements (see below)
ATM fees refunded² up to $25 per cycle, no monthly fee, no minimum balance required
Not enough money in your account? We can transfer from your savings or line of credit
No delays or hold times on direct deposits; applies to most payroll check deposits too³
Mobile banking, text alerts, eStatements and WebBanking put all the tools in your hands
Our online tool makes it simple – switch automated payments, direct deposits and more in a click
More info on SmartRate Checking
SmartRate Checking is a high-yield account that pays above-market rates when you meet all of the SmartRate Checking requirements.
Earn higher dividends
All SmartRate Checking account-holders earn the base dividend of 0.05%. If you meet the following requirements, you’ll earn the premium dividend of 0.50% APY.¹
- Sign up for eStatements
- Make at least ten check card transactions per cycle, online or in-person
- Set up at least one direct deposit (or ACH debit) per cycle
A cycle is roughly one month. It runs from the last business day of the previous month, to the second-to-last business day of the current month.
Note, check card purchases are recorded on the day the retailer completes the transaction – not necessarily the day you made the purchase. It’s possible to buy something near the end of one cycle and have it count toward the next.
Similarly, direct deposits are recorded only once they finish processing. To make sure your direct deposit fulfills your cycle requirement, ask your payroll department for the end-of-month processing date.
|Date Cycle Begins||Date Cycle Ends|
You might like ...
Here are a few other resources, pages and articles you might enjoy.
Faster Deposits: Some restrictions may apply.
See SmartRate Checking deposit rate schedule.
Allegacy provides eStatements as a free service; however, you must sign up for eStatements to receive them.
On WebBanking, some restrictions may apply.
To use Mobile Banking or to get text alerts, you must first sign up for them. Allegacy does not charge a fee for these services; however, your mobile carrier’s normal data rates apply.
All checking accounts require a $50.00 opening balance.
Third Party Site Disclaimer
You are now leaving the Allegacy Federal Credit Union website. The Credit Union does not operate this alternate site to which you are linking and is not responsible for the content of the website nor any transactions performed on this website. Privacy and security policies may differ from those practiced by the Credit Union.