Ultimate Checking Frequently Asked Questions

Ultimate Checking is a checking account that rewards you for using the same great services Encompass Credit Union provides in exchange for a higher interest rate. The rate is subject to change without notice but will always pay a higher interest rate than our regular checking account.

What is the Rate?

  • Qualifying Balances of $0-$50,000.00 will be paid at rate of 1.00% with an APY* of 1.00%

  • Qualifying Balances of $50,000.01 and above will be paid a rate 0.25% with an APY* of 0.25%

What are the requirements I must meet?

Using your Encompass Credit Union Checking Account each month, you must:

  • Log into Home Banking or Encompass Mobile App

  • Be enrolled in eStatements

  • Have Direct Deposit

  • Have at least 6 bills paid with our iPay clear your account

  • Have at least 6 debit card transactions clear your account

What are the Benefits?

Each month you meet all the requirements, you will receive:

  • A higher interest rate, which is currently 1.00% with an APY* of 1.00% on qualifying balances of $0-50,000.00 and 0.25% with an APY* of 0.25% on qualifying balances of $50,000.01 and above

  • Out of Alliance One Network ATM Fees refunded, up to $15

  • The $5 minimum balance fee is waived

  • A more secure way to receive your statements

  • The convenience of 24/7 account access

  • Your debit card can be used anywhere MasterCard is accepted

  • Access over 5,000 Surcharge-Free Alliance One ATMs Nationwide

  • Save money, time, and paper by paying and receiving your bills online

What if the requirements aren’t met?

If you do not meet the requirements, you will earn the interest rate of our regular checking account, which is currently 0.10% with an APY* of 0.10%. Fees could reduce earnings on the account.

*APY = Annual Percentage Yield
Regular Savings account required