Most people use their debit card for their daily spending needs without giving it a second thought. They usually see their debit card as little more than a tool for spending. But what if your debit card could do more? What if it could help you grow your account balance?
The right debit card, when paired with the right checking account, becomes a powerful way to earn interest. With GLCU’s Free High-Yield Checking Account, you can earn up to 5.00% APY* on your balance when you use your Visa® debit card. You’re already buying the things you need, so why not get rewarded for it?
Let’s break it down so you can make the most of your debit card—and stop leaving money on the table each month.
A Debit Card that Earns Interest
GLCU’s Visa® debit card is perfect for all of your daily spending needs. You can use it for anything, including in-person retail purchases, online transactions, and ATM cash withdrawals. You’ll receive a debit card when you open a GLCU checking account, so you can start using it right away. It’s also compatible with Apple Pay, Google Pay, and Samsung Pay for added convenience.
Do you enjoy traveling and exploring new destinations? Maybe you need to travel for work. If so, our Visa® debit card can be used to access ATMs anywhere in the U.S. without incurring a fee. You can conveniently make withdrawals, deposits, and more while on the go.
You can also rest easy knowing your debit card comes with several built-in security features, including data encryption and fraud text alerts. Your account will be continuously monitored for suspicious activity, and you will be notified immediately if anything turns up. If your account information does fall into the wrong hands, you’ll also be protected with our zero liability policy, which means you won’t be responsible for unauthorized transactions.
Perhaps the one benefit that truly sets our debit card apart is its ability to earn interest. When paired with our Free High-Yield Checking Account, your everyday purchases work to grow your balance. It’s a smart way to get more value from the spending you’re already doing.
The Free High-Yield Checking Account
Most checking accounts are little more than places to store your money. They may come with a free debit card and access to online banking, but not much else. Accounts typically earn little or no interest.
GLCU’s Free High-Yield Checking Account stands out by making your regular spending more rewarding. Instead of sitting idle, your money can earn up to 5.00% APY* when you use your Visa® debit card for common purchases.
The APY you earn depends on your balance and the number of monthly debit card transactions:
- Tier 1: Accounts with 0-19 debit card transactions per month and balances of $1.00 and over will earn 0.05% APY*.
- Tier 2: Accounts with 20-39 debit card transactions per month that are enrolled in e-statements will earn 2.75% APY* on balances between $0-$10,000. Balances of $10,001 and above will earn .05% APY*.
- Tier 3: Accounts with 40 or more transactions per month that are enrolled in e-statements will earn 5.00% APY* on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY*.
The more purchases you make each month, the more interest you can potentially earn on balances up to $10,000. Even if you have fewer transactions in a month, you’ll still earn interest, but at a lower rate.
Additional Account Benefits
Earning up to 5.00% APY* is a powerful way to grow your balance without locking your money away in a CD. Your funds are available when you need them, which means you never have to sacrifice convenience for growth. But the benefits don’t stop there — the Free High-Yield Checking Account offers even more features to help you manage your money:
- No monthly maintenance fees: You don’t have to worry about unnecessary fees slowly draining your account over time.
- Get paid sooner: Sign up for direct deposit and you may qualify to get paid up to one day earlier, depending on when your payer sends funds.
- Free bill pay: Conveniently schedule and pay your bills online to avoid late fees and save on stamps and trips to the post office.
- 24/7 online and mobile banking: Access your account anywhere and anytime to check your balance, transfer funds, view recent transactions, and take care of other banking tasks.
- Peace of mind: Accounts are federally insured by the National Credit Union Administration (NCUA) for up to $250,000.
How to Start Earning a Great Rate
Getting started with a Free High-Yield Checking Account and Visa® debit card is quick and easy for members:
1. Get Started Online: Conveniently open a Free High-Yield Checking Account online or drop by a branch. The process is simple and just takes a few minutes to complete. We’ll reach out and let you know when your account is ready if you’re getting started online, typically within one business day.
2. Receive Your Debit Card: You’ll receive a Visa® debit card right away if you open an account in a branch. If you open an account online, you’ll receive a debit card in the mail within five business days.
3. Fund Your Account: Deposit funds into your account by transferring money online or at a branch. You can also set up direct deposit to ensure your paycheck is automatically added to your account to save time and give you quicker access to your money.
4. Earn Interest: Start using your debit card for your daily spending needs to earn a great rate on your account balance.
Get the Most from Your Everyday Spending
Your debit card isn’t just a way to pay—it’s a powerful tool to boost your savings. With GLCU, every swipe, whether it’s your morning coffee or weekly groceries, works hard to grow your account balance.
Why settle for ordinary when you can earn up to 5.00% APY* on your spending? Open a Free High-Yield Checking Account today and start turning routine purchases into real rewards that add up fast.
* APY = Annual Percentage Yield. All dividend rates and APY may change at any time, as determined by the GLCU Board of Directors. The APYs shown above assume that all principal and dividends remain on deposit for the entire term. Fees could reduce earnings on the above accounts. The dividend rate may be calculated using two different rates. The dividend rate will appear as a blended APY on your monthly statement.
Tier 1: Accounts with 0-19 debit card transactions per month balances of $1.00 and over, will earn 0.05% APY.
Tier 2: Accounts with 20-39 debit card transactions per month and enrolled in e-statements will earn 2.75% APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.
Tier 3: Accounts with 40 or more transactions per month and e-statements will earn 5.00% APY on balances between $0-$10,000. Balances $10,001 and above will earn .05% APY.
The information in this post is for educational and informational purposes only and does not constitute investment or financial advice. You should consult a licensed financial advisor before investing in any financial product or service.
