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 | 0.05% - 0.15% | $10 | None | $0.01 - $25,000* | None | Yes | Open a eChecking Now |
| 0.05% | $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 | |
| Max Checking | 0.05% - 0.25% | $10 | Greater than $0 | $0.01 - $25,000** | None | Yes | Online opening coming soon |
Deposit rates are effective December 01, 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:
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You must open your account online
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You must sign up for electronic monthly statements (eStatements)
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Enroll in Internet banking and sign in at least once a month
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Use your debit card to make at least ten purchases per statement cycle
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Have at least one recurring ACH transaction per month (i.e. direct deposit, automatic payment of a bill, etc.)
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Maintain a monthly collected balance greater than $0
The interest rate of up to 0.15% 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. If any qualifying requirements are not met, the account will earn a nominal rate of 0.05% APY on the entire balance.
^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 0.25% APY is paid on balances up to $25,000. Balances over $25,000 earn 0.05% 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. If any qualifying requirements are not met, the account will earn a nominal rate of 0.05% APY on the entire balance.