Boost Your Velocity
Take your account to the next level with the Velocity Product Suite
Velocity Checking
The Velocity Checking account is an interest-earning checking account with returns up to 2.02% APY*.
Your first $10,000 earns 2.02% APY when you meet the basic criteria:
Enroll in Online banking & eStatements
$2,000+ ACH deposits per month
11+ posted* Debit/Credit card transactions per month
Additionally, everything over $10,000 earns:
0.50% APY when you have a qualifying loan or Certificate*
0.20% APY when you do not have a qualifying loan or Certificate*
Velocity Money Market
The Velocity Money Market account offers tiered interest rates with returns up to 2.02% APY*.
- TIER 1:
Your first $50,000 earns 0.20% TIER 2:
Your next $25,000 earns 0.50%TIER 3:
Your next $25,000 earns 1.00%TIER 4:
Your next $50,000 earns 1.51%TIER 5:
Everything over $150,000 earns 2.02%
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.
