Choice Checking
Get unlimited free checking with an incredible 1.25% APY*. There are no monthly fees or minimum balance requirements, and it's so easy to qualify, you're probably already doing it. Make the right choice and get Choice Checking today!
- Summary
Account Rewards
- 1.25% APY* on balances up to $10,000
- 0.25% APY* on amount of balance over $10,000
- 0.01% APY* on entire balance if qualifications are not met
- Free Bill Pay-e
- No monthly fee or minimum balance—ever
- Unlimited checking privileges
Free Services
- Free debit card
- Free online account access with e-Teller
- Free paperless e-statements*
- Free telephone account access
- Overdraft protection available
- No minimum balance to open
- Personal accounts only, one account per member
Qualification Information
It's easy to get the Choice Checking rewards each month! Simply do the following simple banking activities designed to make managing your money easier and more convenient:
- Have at least 12 debit card purchases post and clear each monthly qualification cycle.
- Have at least one recurring direct deposit or SOA credit card/loan payment post and clear each monthly qualification cycle.
- Provide a valid e-mail address
- Go paperless. Sign up for e-Teller within the first month to receive your statements electronically online instead of in the mail.
If for some reason, you don't qualify in a given cycle, don't worry—you still pay no fee and even earn our base rate of return! Plus you get unlimited checking with no restrictions. Best of all, you can get the rewards back the very next cycle!
Qualification Cycles
We rely on our automated systems to check whether account holders have met the qualification terms, and to ensure fairness, all accounts are checked on the same day. The qualification cycle differs from the statement cycle by approximately one day.
End of Qualification Cycle
Our system checks to see if your accounts qualify for benefits on the last business day before the end of your statement cycle. This day is the "end of the qualification cycle." The end of the qualification cycle may vary month-to-month, and it is important to keep this date in mind when conducting qualifying transactions.
Last Day Transactions Qualify
All qualifying transactions MUST have posted before the end of the qualification cycle. Transactions posted after the end of the qualification cycle will be counted towards the next month's qualification cycle.
Schedule of Qualification Cycles for 2013
January: Start - December 31, 2012, End - January 30, 2013
February: Start - January 31, 2013, End - February 27, 2013
March: Start - February 28, 2013, End - March 29, 2013
April: Start - March 30, 2013, End - April 29, 2013
May: Start - April 30, 2013, End - May 30, 2013
June: Start - May 31, 2013, End - June 28, 2013
July: Start – June 29, 2013, End - July 30, 2013
August: Start – July 31, 2013, End – August 30, 2013
September: Start - August 31, 2013, End – September 28, 2013
October: Start – September 29, 2013, End – October 30, 2013
November: Start – October 31, 2013, End – November 29, 2013
December: Start – November 30, 2013, End – December 30, 2013
Over 5,000 branches through shared branching. NCUA insured up to $250,000
*APY = Annual Percentage Yield. Annual Percentage Yield (APY) accurate as of 01/04/2013. Rate tiers are as follows: 1.25% APY applies to balances of $.01 - $10,000 and 0.25% APY applies to balances over $10,000 as long as qualifications are met each statement cycle. 0.01% APY applies to all balances if qualifications are not met. All balances will earn 1.25% APY to 0.25% APY as long as qualifications are met. Rates may change after the account is opened. Fees may reduce earnings.
- Refer-A-Friend
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Spread the word and get $50!
The Refer-A-Friend Program rewards members with a $50 referral bonus when their friends open and maintain a share account (savings) and transactional (checking) account with Spirit of Alaska FCU.
Look for the Refer-A-Friend link in your end-of-cycle email notification for your Choice Checking account.
- Calculators
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Opens as an Excel Spreadsheet
Use this calculator to discover the interest you can earn with our Choice Checking Account!
