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High-Yield Velocity Savings
Accelerate your savings today!
- Be rewarded, always
- Grow your savings monthly
- Earn more
Save with velocity!
Velocity Savings is a high-yield savings account that rewards the behaviors that build real financial progress.
Meet a few monthly criteria and put your savings into high gear:
- Direct deposit totaling $1,000 or more per month*
- eStatements for easy, paperless banking*
- Increase your balance by at least $250 month over month*
- Maintain a balance of $5,000 to receive highest rate*
How to make Velocity Savings work for you each month!
| Achieve next level savings! | March 31 ending balance | Funds added or withdrawn during the month (posted to the account) | April 30 ending balance | APY Rate earned |
|---|---|---|---|---|
| Example 1 | $6,000 | +$250 | $6,250 | 3.50% APY** |
| Example 2 | $6,000 | +$500 added -$100 withdrawn |
$6,400 | 3.50% APY** |
| Example 3 | $6,000 | -$300 withdrawn +500 added |
$6,200 | 0.08% APY |
Important: This chart is for illustrative purposes only. **All monthly criteria were met.
*Important Disclosures
Not available for Minors, Rep Payee, Guardianship or Business accounts/members.
APY = Annual Percentage Yield. Rates, APY, and account requirements are subject to change at any time without notice.
Velocity Savings Qualification Terms:
* For balances $0.01 to $4,999.99 and for any balance when monthly account requirements are not met (see below).
** For balances $5,000.00 and greater when monthly account requirements are met (see below).
Monthly Account Requirements to obtain the rate listed above:
Direct Deposit totaling $1,000 or more in aggregate must post during the month into any 7 17 account on which you are a primary or joint owner.
eStatements (must be enrolled with valid email address for membership account)
Net balance increase of $250 or more in the Velocity Saving Account. A net balance increase means your current balance at the time of the dividend calculation (last day of current month) has increased by at least $250 over your ending balance from the previous month
