Five Star Credit Union has heard from members that financial institutions have made checking accounts difficult with complicated formulas. At Five Star, you always have free checking options and high interest checking options. The more you do your business with Five Star, the more you can earn money just for having an account! Your credit union account is also guaranteed up to $250,000 from the National Credit Union Administration (NCUA).

Opening a checking account is easy. All you need is $25 – there is no minimum balance after that. Here’s how the free checking with interest works. You earn interest (dividends) on your entire average monthly checking account balance when your account is “active.”

Just make at least 10 debit card or credit card transactions a month and the account is considered “active.” It qualifies for dividends on checking as well as increased dividends to savings and share certificates. You also receive:

  • Free Online Banking
  • Free Bill Pay
  • Free Debit Card
  • Free Mobile Banking with remote check deposit
  • Free eStatements
  • Free online copies of your checks
  • Overdraft protection (with credit approval)
  • Direct deposit available
  • Free access to thousands of surcharge free ATMs (CULIANCE and Money Pass, as well as Five Star ATMs)

*Accounts with less than 10 transactions are still “free” but do not earn dividends that month and will not initiate extra dividends on a savings account. Keep your checking account active for the most benefits!

Member Tip: Budgeting can help you gain a greater understanding of where your money goes each month. Download this budget template (Microsoft excel) and get started. Click each box to put your monthly expenses in and begin to get a clear picture of your monthly income and expenses.