High-Yield Checking Account

Open an account or loan and Magnifi will give a life essential back to local communities.

Giving back to the communities we serve is something Magnifi Financial values and encourages.
We are dedicated to improving the financial well-being and peace of mind of our members and others in our communities. 

*APY = Annual Percentage Yield. APY is effective as of February 1, 2025. For High Yield Checking, no minimum opening deposit is required.

A monthly qualification cycle is defined as the first day of the current statement cycle through the end of the business day on the last day of the month.

To earn the High-Yield Checking dividend rate, the account holder must meet all account qualifications by the end of the monthly qualification cycle:

• A minimum of 12 Magnifi Financial debit card purchases must post to your High Yield Checking Account.
• A minimum of one ACH direct deposit transaction must post to your High Yield Checking Account.
• You must be enrolled in monthly e-Statements for the account.
• A minimum daily balance of $2,000.00 must be maintained to avoid a $10.00 monthly service fee assessed at the end of the monthly qualification cycle.

The monthly service fee will be waived for the initial monthly qualification cycle.

If you meet the minimum qualification requirements during the monthly qualification cycle the first dividend rate and annual percentage yield listed in the Rate Schedule will apply if your balance is $20,000.00 or below.

All account qualifications and minimum daily balance must be met to receive the monthly ATM fee reimbursement of up to $12.00.

A posted debit card transaction is a transaction that has been paid by Magnifi Financial from the available balance in your account. Transactions can take one or more banking days from the date of the transaction to post to your account. Transactions that are pending on your account, and have not been posted, as of the end of the monthly qualification cycle will not count as a qualifying transaction for that cycle. A debit card purchase is a purchase from a merchant or a recurring bill payment using your debit card. Excluded from the minimum 12 debit card purchases are any transactions done at any ATM, including withdrawals, deposits, transfers, and balance inquiries. Also excluded are any returns, reversals, voided transactions, transaction comments, dividends paid, fees assessed, or other debit card withdrawals or deposits made to the account during the period being analyzed for qualification in which deposits and withdrawals are made from and to the same Magnifi Financial account during the qualification period.

Rates are subject to change at any time and without notice. $5 minimum balance in Share account required to maintain membership. Not valid with any other offers. Other restrictions may apply. Terms of account are subject to change at any time. Ask for details. Insured by NCUA.