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 | 0.35%-1.56% | $10 | None | $0.01 - $25,000* | None | Yes | Open a eChecking Now |
| 0.35% | $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 | 2.70% (for balances less than or equal to $25,000)** | $10 | Greater than $0 | N/A | None | Yes | Online opening coming soon |
Deposit rates are effective January 1, 2019 and are subject to change without notice. Online account opening available to New England residents only.
*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 1.56% APY is paid on balances up to $25,000. Balances over $25,000 earn 0.35% 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: 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 2.70% 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.