Finally!

A checking account that pays you back as you spend.

Put money back in your pocket, with a checking account where your rewards really add up. Interested in earning $315 per year in interest? How about up to $300 per year in ATM fee refunds? That’s what a 1.26% APY* could get you.

Open an Account Online

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Not Only Does It Pay You Back, but It’s Also Totally Free!

Sound too good to be true? Well it’s true, we promise. That means no minimum balance requirements and no monthly service fees of any kind. And if you utilize electronic banking services, it’s very easy to qualify.

Bonus Rate*

1.26

APY*

On balances up to $25,000

Bonus Rate*

0.25

APY*

On amounts in excess of $25,000

0.00

APY*

If requirements are not met

Earn Over

$315

/YR

In Bonus Cash

PLUS

Up to

$300

/YR

In ATM Refunds**

*Qualifications for monthly rewards:

Receive monthly e-Statement
Login to Online Banking
At least 12 debit card transactions post and clear
At least 1 ACH payment or 1 direct deposit posts and clears

*All qualifications must be completed by 7 pm EST on the last day of the monthly statement cycle.

*1.26% Annual Percentage Yield (APY) paid on balances between $0.01 and $25,000 and 0.25% APY paid on any amount above $25,000 each qualification cycle when the minimum requirements are met. If you do not meet the requirements per cycle, your Reward Checking account will earn 0.00% APY. $5 Share Deposit required for Credit Union membership, though no minimum balance necessary to earn rewards. Available for personal accounts only. The daily method is utilized to determine which rate will be applied. Dividends are accrued daily and compounded monthly. Dividends will be credited to your account on the last day of each monthly statement cycle. If you close your account before dividends are credited, you will not receive the rewards. Rates are subject to change without notice and are accurate as of December 1, 2022.

**Nationwide ATM fee refunds up to $25 per qualification cycle. Individual ATM fees of $5.00 or more will be reimbursed into your Reward Checking account upon presentation of the ATM receipt. If you do not meet the requirements per cycle, you will not receive ATM fee refunds for that qualification cycle.

Anywhere. Anytime Banking.

Secure
Online Banking

Secure
Mobile Banking

Remote Deposit
Capture

Card Controls
and Account Alerts

Secure
Bill Pay

Enhanced Visa
Debit Card

Secure
E-Statements

Overdraft
Protection

Nationwide Branch Network & Falcon ATM Network

Are You Ready For A Totally Free Checking Account That Pays You Back?

Open an Account Online
Request an Appointment

Save Your Change with the Debit Card Round-Up Feature

Small increments, big results. Let us help you save while you spend!

- Automatic Transfer
  Vermont Federal Credit Union will round up your debit card purchases to the nearest dollar amount and transfer the difference from your checking account to your primary share account once every day.
- Eligibility
  All personal checking accounts are eligible.

Learn More

Need a debit card today? No problem!

Get a new or replacement debit card at a Vermont Federal branch in just minutes!*

Find a Branch

*Instant Issue Debit Cards not available in the Vergennes branch location.

Frequently Asked Questions

Still Have Questions?

Let us get you some answers.

Download Additional FAQs

What are the rewards for Reward Checking?

Earn 1.26% APY on balances up to $25,000.
Earn 0.25% APY on any amount in excess of $25,000.
ATM fees refunded up to $25/monthly statement cycle.

What are the rewards for Reward Checking?

Earn 1.26% APY on balances up to $25,000.
Earn 0.25% APY on any amount in excess of $25,000.
ATM fees refunded up to $25/monthly statement cycle.

What are the qualifications that must be met to qualify for the rewards?

Register and receive monthly e-Statements (must maintain a valid e-mail address).
Access online banking one time each monthly qualification cycle.
Have at least one Automatic Payment or Direct Deposit post and clear per qualification cycle.
Have at least 12 debit card transactions post and clear per qualification cycle.

How often must the qualifications be met to qualify for the rewards?

Each Monthly Statement Cycle.

What happens if I do not meet the qualifications for Reward Checking during the monthly statement cycle?

You earn 0.00% APY on the average end of day balance for the monthly statement cycle.

How does the tiered dividend rate for Reward Checking work?

If you qualify, the portion of your balance $25,000 and below will earn 1.26% APY. Amounts in excess of $25,000 will earn 0.25% APY.
If you do not qualify, you earn 0.00% APY on the average end of day balance for the monthly statement cycle.

How is the dividend calculated?

Dividends will be calculated using the average daily balance, which is the current method of the Credit Union.

If I meet the qualifications, when will I receive my rewards?

Dividends and ATM fee reimbursements will post the last day of the monthly statement cycle.

If I use another financial institution's ATM and pay a fee, when will I get my refund?

The last day of the monthly statement cycle, prior to posted dividends, (if you qualify) up to a maximum of $25 incurred during the statement cycle.

Do I have to do anything in order to get my ATM refund?

Yes. You must meet the account qualifications as listed below.

Register and receive monthly e-Statements (must maintain a valid e-mail address).
Access online banking one time each monthly qualification cycle.
Have at least one Automatic Payment or Direct Deposit post and clear per qualification cycle.
Have at least 12 debit card transactions post and clear per qualification cycle.

ATM surcharges greater than $4.99 is not automatic and requires the presentation of a receipt to a member services representative for reimbursement, subject to the maximum monthly amount of $25.

Still have Questions?