High Interest Checking | Elements Financial
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High Interest Checking

At Elements, we know you want to earn the best interest on your accounts. That’s why we offer the High Interest Checking Account. It combines the flexibility of a checking account with the rates and benefits of a high yield, making it one of the best checking accounts available. Contact us to learn more, or apply online today.

Benefits of Our High Interest Checking Accounts
When you open a High Interest Checking Account with us, you’ll get to enjoy some great features. And if you enroll for eStatements1, you’ll pay no monthly maintenance fee. Account features include:

  • A premium Annual Percentage Yield2 (APY) on balances up to $20,000; competitive interest on portion of balances greater than $20,000
  • Dividends on an average daily balance as low as $100 on accounts with 15 qualifying transactions3 per statement cycle
  • Unlimited transactions
  • Multiple overdraft protection options
  • Online check images with eBranch Internet Banking

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All Elements Checking Accounts Feature:

  • Convenience: The Elements Visa® debit card allows you to make purchases at any merchant that accepts Visa debit cards. The funds will be directly withdrawn from your checking account. Enjoy added security for all your online Visa purchases by registering in the Verified by Visa program.
  • Peace of Mind: With Overdraft Protection, you can protect yourself against overdraft fees and inconveniences. Your options include:
    • Savings Transfers: money taken from your savings account matches the exact amount of your overdraft savings transfers; no charge for up to 6 transfers per month from savings.
    • Line of Credit Transfers: money transfers to cover shortfall; cost is $5 plus interest that accrues on outstanding balance. This option is subject to credit approval.
    • Overdraft Privilege: for members who qualify, $1,000 is available to you beyond your Overdraft Protection. A $30 fee applies each time you use this service.
  • Paperless: Instead of returning your canceled checks, we provide you with a listing of checks paid, noted by check number, date and amount, all viewable within eBranch Internet Banking. — Sign up for eBranch now.

Want help making the best choices? Talk to us now about what's right for you: (317) 276-2105 or toll-free at (800) 621-2105.


Current Checking Account Rates

Rates effective as of October 3, 2016, and may change after account opening without notice. $100 minimum average daily balance required to earn dividends. Fees may reduce earnings.

Checking Accounts Dividend Rate Annual Percentage Yield
High Interest Checking
$100 - $20,000* (Tier One)
1.98% 2.00%
High Interest Checking
portion of balance > $20,000* (Tier Two)
0.10% 0.10%
High Interest Checking
non-qualifying rate
0.05% 0.05%

*Must meet account transaction requirements per Business Cycle to receive dividend. See Truth in Savings Disclosures for details. Rates subject to change without notice. $100 minimum average daily balance required to earn dividends. Fees may reduce earnings.

Elements Financial's legal entity name, mailing address and routing number are:

Elements Financial Federal Credit Union
225 South East Street, Suite 300
Indianapolis, IN 46202

ABA Routing Number 274073834

1) Otherwise a $5 monthly maintenance fee applies. 2) Annual Percentage Yield is variable and may change after account is opened. APY is 2.00% on balances up to $20,000, 0.10% on balances greater than $20,000. 3) Only the following are qualifying transactions: Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals. No other transactions qualify. Dividends will be paid per statement cycle requirement. At least one accountholder must be at least 18 years old. You must maintain a minimum average daily balance of $100 to earn dividends. Accounts not meeting the qualifying threshold will earn 0.05% APY. Fees may reduce earnings.