|
High-Yield checking accounts are best if you want to receive higher rates on your large deposit balance.
| Benefits |
|
With a Sound High-Yield checking account, you get:
Earn a high yield on your deposit
FREE checks for life1
One FREE overdraft every year2
FREE Visa Debit card with optional Debit Awards3
FREE Online Banking & BillPayer
FREE eStatements
FREE eAlerts
Plus, receive $100 cash4
Just open an new checking account with a monthly direct deposit of $250 or more and receive a $100 cash bonus.  
|
| Minimum Balances, Fees, and Rates |
| Minimum Opening Balance | $50 |
| Monthly Minimum Balance | $10,000 |
| Monthly Service Charge | $10 (if balance falls below $10,000) |
| Per-check Fee | $0 |
|
|
Dividend Rate |
APY* |
Minimum Balance to Open |
Minimum Balance To Earn
APY* |
High-Yield Checking
|
|
|
|
|
|
$0 - $9,999
|
|
0.100 |
0.10 |
$50 |
- |
$10,000-$24,999
|
|
0.150 |
0.15 |
$50 |
$10,000 |
$25,000-$49,999
|
|
0.200 |
0.20 |
$50 |
$25,000 |
$50,000+
|
|
0.250 |
0.25 |
$50 |
$50,000 |
|
If balance falls below $10,000 a $10 fee will be applied. |
*APY = Annual Percentage Yield
NOTE: All Savings accounts which have DIVIDENDS COMPOUNDED AND CREDITED are paid monthly.
Truth In Savings Disclosures
1Applies to Sound Credit Union image checks only. Other custom check styles are available for an additional cost. Limit one box of free Sound image checks per order, per checking account.
2Upon request, every checking account is eligible for one overdraft fee reversal per calendar year. Calendar year example: January 1, 2012 to December 31, 2012.
3 Upon request, your Sound checking account will be enrolled to receive free Debit Awards. Must meet qualifying criteria to participate. A one-time sign up will enroll every valid Sound Visa debit card connected to the membership account. All points accumulate under one membership account and accumulation begins 5-7 days after enrollment. You can monitor and redeem Awards points beginning on the first business day of the month following enrollment. Debit Awards will be automatically removed if there is no Visa debit card activity for more than six (6) months. Offer is subject to change without notice.
4A new recurring payroll direct deposit (minimum $250 monthly) to a new primary consumer checking account is required. The $100 bonus is available for new primary consumer checking accounts only and will be paid on the first business day of the month following your third direct deposit. Members who currently have a Sound or Watermark checking account, or have had a Sound or Watermark checking account within the last 12 months are not eligible for bonus. Recurring $250 direct deposit must be established within 90 days of account opening to qualify for $100 bonus. One bonus paid per member. Must meet qualifying criteria to open checking account. A $25 savings account is required per membership. The $100 bonus will be reported from Form 1099-INT. The $100 bonus cannot be used to open a checking account. Limited time offer, eligibility and bonus are subject to change at any time.
|