Your Money. Your Way.
For 90 years, Frontier has been more than a place to bank.
We’re your neighbors. Your partners. Your credit union.
High-Yield Savings & Free Checking with Local Service
Banking made less bank-y. Frontier’s Velocity Money Market Account and Velocity Checking Account give you the best of both worlds: reliable checking and savings accounts that actually earn interest. With competitive savings account rates and no hidden costs, you’ll enjoy the value of a local credit union near me while keeping your money close to home in Salmon and Lemhi County.
Velocity Money Market
Grow your savings faster with a money market account that rewards bigger balances and keeps your funds flexible. Unlike traditional bank accounts, this high yield savings account combines accessibility with higher returns.
Tiered Interest Rates
TIER 1: Your first $50,000 earns 0.20% APY*
TIER 2: Your next $25,000 earns 0.50% APY*
TIER 3: Your next $25,000 earns 1.00% APY*
TIER 4: Your next $50,000 earns 1.51% APY*
TIER 5: Everything over $150,000 earns 2.02% APY*
Benefits of Our Velocity Money Market:
Earn up to 2.02% annual percentage yield APY
No monthly maintenance fee or monthly service fees
Easy access to your deposit accounts whenever you need funds
This high yield savings account is a smart choice for retirees building retirement savings, families planning for the future, and small business owners looking for a local option instead of a big bank.
Velocity Checking
Everyday banking should be simple and rewarding. Frontier’s Velocity Checking account with no monthly fee or overdraft fees, and it helps you earn while you spend. Plus, you get easy-to-use digital tools.
Key Features
High yield savings with up to 2.02% annual percentage yield APY
No minimum balance required to maintain your account
No monthly maintenance fee or surprise charges
Visa debit card with fraud protection and nationwide ATM access
Mobile app with secure access and mobile check deposits
Three Easy Steps to Qualify for the Top APY
Enroll in Online Banking & e-Statements
$2,000+ ACH deposits per month
11+ posted card transactions per month
Even if you don’t qualify for the top APY every month, you’ll still benefit from a checking account with no fees, no hassles, and dependable service from people you know in Salmon.
Velocity Checking Rates*
With qualifying loan or Certificate
| Average Daily Balance Tiers | APY* |
|---|---|
| First $10,000 ($0.00-$10,000.00) | 2.02% |
| Everything over $10,000 | 0.50% |
Rates effective as of 10/1/2022
Without qualifying loan or Certificate
| Average Daily Balance Tiers | APY* |
|---|---|
| First $10,000 ($0.00-$10,000.00) | 2.02% |
| Everything over $10,000 | 0.20% |
Rates effective as of 10/1/2022
Here’s an example of how much you could earn with a total average balance of $75,000 and you meet the basic criteria & have a qualifying loan or Certificate:
| Tiered Balance | APY* | Annual Interest | ||
|---|---|---|---|---|
| $10,000 | @ | 2.02% | = | $202 |
| $65,000 | @ | 0.50% | = | $325 |
| Total Earned $527 |
*Earn 2.02% APY2 on your average3 balance up to $10,000 when you: Enroll in Online Banking and e-statements, have ACH deposits of at least $2,000.004 per month, and have at least 11 posted4 debit and/or credit card transactions per month. Additionally, earn 0.50% APY on average balances greater than $10,000 when you have a qualifying loan or Certificate5 or 0.20% APY on balances greater than $10,000 when you do not have a qualifying loan or Certificate. If you don’t meet the qualification requirements you will earn 0.05% APY on your average balance.
2 APY = Annual Percentage Yield. Your interest rate and annual percentage yield are subject to change at our discretion and pursuant to applicable law. All applicants must meet Frontier Credit Union membership and account opening requirements.
3 Interest earned based on average daily balance.
4 ACH deposits must be in the same account.
5 Posted transactions cleared by the end of the account statement cycle. Debit card transactions will only count if made from the Velocity Checking share.
5 The term “qualifying loan” is defined as an open loan with a month-end balance, but excluding Personal Lines of Credit. The term “Certificate” is defined as a Certificate of Deposit.
6 This advertisement is not affiliated with, endorsed by, or sponsored by any third-party company. Frontier Credit Union will not assume any direct payments for subscription services. The examples of subscriptions provided herein are illustrative of potential expenditures that may be financed using interest accrued on your account, contingent upon meeting specific eligibility criteria. Please note that certain restrictions may apply.
Velocity Money Market Rates*
| Average Daily Balance Tiers | APY* |
|---|---|
| First $50,000 ($0-$50,000) | 0.20% |
| Next $25,000 ($50,000-$75,000) | 0.50% |
| Next $25,000 ($75,000-$100,000) | 1.00% |
| Next $50,000 ($100,000-$150,000) | 1.51% |
| Everything over $150,000 | 2.02% |
Rates effective as of 10/1/2022
Here’s an example of how much you could earn with a total balance of $185,000:
| Tiered Balance | APY* | Annual Interest | ||
|---|---|---|---|---|
| $50,000 | @ | 0.20% | = | $100 |
| $25,000 | @ | 0.50% | = | $125 |
| $25,000 | @ | 1.00% | = | $250 |
| $50,000 | @ | 1.51% | = | $755 |
| $35,000 | @ | 2.02% | = | $707 |
| Total Earned $1,937 |
*Tier 1- Your daily balance in tier 1 ($0.00 up to $49,999.99) will earn an interest rate of 0.20% and an APY of 0.20%. Tier 2- Your daily balance in tier 2 ($50,000.00 up to $74,999.99) will earn an interest rate of 0.50% with a 0.50% APY. Tier 3- Your daily balance in tier 3 ($75,000.00 up to $99,999.99) will earn an interest rate of 1.00% with a 1.00% APY. Tier 4- Your daily balance in tier 4 ($100,000.00 up to $149,999.99) will earn an interest rate of 1.50% with a 1.51% APY. Tier 5- Your daily balance in tier 5 ($150,000.00 or more) will earn an interest rate of 2.00% with a 2.02% APY. Your interest rate and annual percentage yield are subject to change. At our discretion, we may change the interest rate on your account. All applicants must meet Frontier Credit Union account opening requirements. Some restrictions may apply.
