Checking Accounts

Avidia offers 6 checking account options that most will find, fits their banking needs, including First Checking for kids 14-18 and Senior Checking for people 65 and older.

 

 

APY (Annual Percentage Yield)

Opening Deposit Minimum Monthly Balance Minimum Balance to Obtain APY Maintenance Fees ATM Fee Reim-
bursement
Open Online
eChecking 0.10% - 0.40% $10 None $0.01 - $25,000* None Yes Open a eChecking Now
  0.50% $10 None Greater than $25,000* None Yes
Smart Checking None $10 None N/A None No Open a Smart Checking Now
Value NOW Checking 0.05% $10 $1,000 Average Daily Balance $0.01^ $5 No

Open a Value NOW Checking

Max Checking 0.10% - 0.55%  $10 Greater than $0 $0.01 - $25,000** None Yes Online opening coming soon
 

Deposit rates are effective April 16, 2020 and are subject to change without notice. Online account opening available to New England residents only. Fees could reduce earnings.

*eChecking Disclosure

In order to earn the stated Annual Percentage Yield (APY) for eChecking:

  • You must open your account online

  • You must sign up for electronic monthly statements (eStatements)

  • Enroll in Internet banking and sign in at least once a month

  • Use your debit card to make at least ten purchases per statement cycle

  • Have at least one recurring ACH transaction per month (i.e. direct deposit, automatic payment of a bill, etc.)

  • Maintain a monthly collected balance greater than $0 

The interest rate of up to 0.40% APY is paid on balances up to $25,000. Your interest rate and  APY may change at our discretion. Qualifying requirements must be met during each monthly statement cycle to earn the APY including: 10 Debit Card purchases, e-Statements, Direct Deposit or one ACH transaction per statement cycle. All foreign ATM Fees and ATM Surcharges up to $25 per statement cycle will be refunded when qualifying requirements are met.  If any qualifying requirements are not met, the account will earn a nominal rate of 0.05% APY on the entire balance and the ATM fees will not be refunded.

^Value NOW Disclosure

A maintenance fee of $5.00 will be imposed every statement cycle if the average balance in the account falls below $1,000 during the statement cycle. Maintenance fee will be waived with a direct deposit.

**Max Checking Disclosure

The interest rate of 0.55% APY is paid on balances up to $25,000. Balances over $25,000 earn 0.25% APY.  Your interest rate and  APY may change at our discretion. Qualifying requirements must be met during each monthly statement cycle to earn the APY including: 12 Debit Card purchases, e-Statements, Direct Deposit or one ACH transaction per statement cycle. All foreign ATM Fees and ATM Surcharges up to $25 per statement cycle will be refunded when qualifying requirements are met.  If any qualifying requirements are not met, the account will earn a nominal rate of 0.05% APY on the entire balance and the ATM fees will not be refunded.

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