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High Interest Checking

The flexibility of a traditional checking account while you earn dividends—what’s not to love?

Open an Account

Or call 1-800-621-2105

Enroll in Online Banking

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

Rates effective as of October 3, 2016, and may change after account opening without notice. Fees may reduce earnings. Must meet account transaction requirements per Business Cycle to receive dividend. See Truth in Savings Disclosures for details.

High Interest Checking


  • Flexibility of a traditional checking account while you earn dividends
  • Enjoy our highest checking annual percentage yield on balances up to $20,000
  • Eligible to earn dividends with only 15 qualifying transactions per statement cycle
  • Unlimited transactions
  • Free first 50 checks
  • No monthly service fee when enrolled in electronic statements
  • Elements Visa® Debit and ATM cards with security-enabled chip at any merchant that accepts Visa
  • Feel secure with multiple overdraft protection options


Our experienced, helpful member service team is ready to support you!


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More Details


When you open a High Interest Checking Account, you'll enjoy

  • A premium 2.00% Annual Percentage Yield1 (APY) on average daily balances up to $20,000; competitive dividends on portion of balances greater than $20,000
  • Dividends on an average daily balance as low as $100 on accounts with 15 qualifying transactions2 per statement cycle
  • Convenience of direct deposit
  • Viewing your free FICO® Score with any Elements checking account
  • Setting up your debit card in CardSwap—available in online banking and the mobile app, to easily add and update your recurring charges for services like Uber, Lyft, Apple, Google, Netflix, Venmo, Doordash, and more
  • More than 78,000 surcharge-free ATMs worldwide
  • Shared branch access at more than 5,000 branches nationwide

Overdraft Protection

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 $32 fee applies each time you use this service

Learn more about Overdraft Protection options >

Digital Payments


Elements offers a variety of digital payment options to help add security and simplicity to your life—and we are constantly adding even more options. For instance, your debit card lets you make payments from your checking account via:

  • Apple Pay
  • Google Pay
  • Samsung Pay
  • Visa Checkout
  • PayPal

Learn more on our Digital Payment Options page.

Online and Mobile Banking


Access all the benefits of your High Interest Checking account with Online Banking and the Elements Mobile App. You can enjoy the same interface on your smartphone, tablet, laptop or desktop while continuing to get the same security features and conveniences you’ve come to expect. Our goal with online banking is simple: to provide you with a state-of-the-art digital banking experience that you can count on and is consistent across all devices.

  • Online banking – desktop, phone and app
  • Mobile check deposit
  • Online check images with Online Banking and Mobile Banking


Learn more about Online and Mobile Banking and enroll today.

Frequently Asked Questions


Q: Can I open a checking account online?
A: Yes, we encourage you to apply for a new account online. You may also apply at one of our locations. We look forward to supporting your financial wellness with a new checking or savings solution soon. Join us today! 

Q: Is there a fee to order checks?
A: Yes and no. Your first 50 checks for every new standard checking account are free. Check orders for Elements Financial members over 55 years of age or retired are free as well. Please contact a credit union representative for check printing pricing and reorders at 1-317-276-2105.

Q: How do I order or re-order checks for my account?
A: Our check company, Harland Clarke, offers a variety of check styles. You may view a catalog online or at any of our locations. Please visit our Order Checks page when placing re-orders. Initial orders must be made via our Financial Wellness Experts directly either at the branch or 1-800-621-2105.

Q: Do you offer business checking?
A: Yes, we offer business accounts. Learn more on our Business Checking page or call us at 1-800-621-2105 for more information.

Q: What is overdraft protection?
A: Elements Financial's Overdraft Protection Program provides multiple layers of defense to protect your accounts against fees from merchants and daily inconveniences. For example, imagine standing in a long line at the grocery store, stepping up to the cashier and having your debit card purchase declined due to a simple accounting error. We don’t want this to happen to you — we know you don’t either.

Q: Is there a minimum balance requirement for an Elements checking account?
A: The High Interest Checking account has no minimum balance with a $100 average daily balance to earn dividends.

How to Get Started


You can apply online in as little as 10 minutes! Or call 1-800-621-2105 to get started.

What you’ll need to open an account:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Social Security number

What to expect during the application process:

  1. You will receive an email within 1 business day to notify you of account approval.
  2. That’s it – your High Interest Checking is now open!
  1. 1 High Interest Checking Account Annual Percentage Yield (APY) is variable and may change after account is opened. The APY is 2.00% on balances up to $20,000, 0.10% on balances greater than $20,000. Dividends will be paid per statement cycle requirement. At least one account holder 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.
  2. 2 Only the following are qualifying transactions: Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals. No other transactions qualify.