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High-Yield Checking

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Get rewarded just for using your checking account!

High-Yield Checking pays up to 3.00% APY* on your balance every month just for completing routine transactions like making a purchase with your debit card or having your paycheck direct deposited. It's like we're paying you to bank here!

Enjoy high dividend earnings and refunds on your ATM withdrawal fees.*
In addition to our network of Palisades Credit Union ATMs and Surcharge-free ATMs, you can earn up to $18/month in nationwide ATM refunds. That's just one of the many ways we focus on our members with first-class products and convenient service.

What will you do with all the extra cash?


  • Free checking that pays high dividends
  • 3.00% APY* on balances up to $10,000
  • 3.00% to 0.04% APY on balances over $10,000 depending on balance in the account*
  • Refunds on ATM withdrawal fees, nationwide (up to $18 monthly)*
  • No minimum balance to earn rewards
  • No monthly service fee
  • $25 minimum deposit to open

Earning rewards is easy!

To earn rewards, you just have to complete the following transactions and activities in your High Yield checking account during each Monthly Qualification Cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and agree to receive e-statements
  • Have at least 1 direct deposit post and settle

And if you don't meet these qualifications, your account is still free.

Open your High-Yield Checking Account online today!

Palisades Credit Union is a not-for-profit, member-owned financial institution that exists solely to meet the banking needs of our members. From online account opening to ATM-fee refunds, no monthly service fee, and rewards, we are proud to bring you the best features a high interest checking account can offer.

At Palisades Credit Union, our mission is to build valued relationships through a lifetime of financial solutions. With over $200 million in assets and more than 14,000 members, we continuously strive to offer our members first-class financial services. Our focus is on our members and the local community, allowing us to tailor the financial products and services we offer to the needs of Rockland County, New York; Bergen County, New Jersey; and select groups in New York City.

Open a checking account online or visit your nearest PCU location in Nanuet, New City, or Orangeburg, NY.

For more great checking options, learn about our Basic Checking Account, and our Cashback Rewards Checking Account. 

*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by the credit union as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by the credit union. "Monthly Qualification Cycle" means a monthly calendar period, for example June 1st – June 30th.

Reward Information: When your High Yield Checking qualifications are met during a Monthly Qualification Cycle, balances up to $10,000 receive APY of 3.00%; and balances over $10,000 earn 0.04% interest rate on the portion of balance over $10,000, resulting in a range from 3.00% to 0.04% APY depending on the account's balance. When your Cashback Rewards Checking qualifications are met during a Monthly Qualification Cycle, you will receive 1.00% cash back on up to a total of $1,500.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $15.00 cash back may be earned per Monthly Qualification Cycle. If qualification are met you will also receive reimbursements up to $18.00 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When qualifications are not met, all balances in the account will not yield interest, no cashback on debit card purchases will be earned, and ATM fees are not refunded. Dividends and ATM fee reimbursements will be credited to your account on the first day of the month. APY = Annual Percentage Yield. APYs accurate as of 5/1/2021. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements may apply. $25.00 minimum deposit is required to open the account. Monthly Direct Deposit is required to earn rewards. Enrollment in online banking and e-statements are required to earn rewards. Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our Palisades Credit Union service representatives for additional information, details, restrictions, processing limitations and enrollment instructions Federally insured by NCUA

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