Now Park View makes it even easier to schedule an appointment with one of our service representatives.Electrum High-Yield Checking Account
Electrum Checking
EARN UP TO 5.00% APY 1
Electrum is a high-yield checking account that offers the everyday convenience of traditional checking, paired with the earning power of a high-yield savings account.
5.00% APY
Earn up to 5.00% APY on your checking account balance up to $10,000.
$0 to open
It's easy to get started with no minimum deposit.
Zero monthly service fees
No minimum balance fees, monthly maintenance fees, or fees at Park View ATMs.
Account Details
Included with Your Electrum Checking Account
Earn Dividends
Increase your savings with monthly dividends based on your account activity
No Monthly Service Fees
No monthly maintenance fees and no minimum balance fees.2 Plus, request paper statements at no cost.
Overdraft Protection
Enjoy peace of mind with unlimited fee-free overdraft transfers.
Easy Cash Access
Take advantage of nearby, surcharge-free ATMs plus get 5 free out of network ATM uses.3
Electrum Checking Features
Features You'll Get with Electrum Checking
Online and Mobile Banking
Manage your account from anywhere with online banking or our mobile app and enjoy easy access to your account information.
Early Paydays
Set up direct deposit into your Electrum checking account and automatically get your paycheck up to 2 days early.4
Loan Rebate
Get 5.00% of interest paid back quarterly into your Park View Rewards from your auto loan and/or home equity line of credit at the Silver and Gold levels.5
Free Checks
Receive a complimentary box of checks with your account.
Debit Card Round-Up
Turn Cents Into Savings
Enroll in our debit card round-up feature to automatically round up your debit card purchases to the next dollar. The spare change goes right to your Park View Rewards Account where it earns 5.00% APY.6
Benefit Levels
Three Levels, Endless Possibilities
Electrum High-Yield Checking features three benefit levels, offering greater rewards at each level. The more you engage with your account, the more you'll automatically earn in monthly dividends and loan rebates (essentially free money). Explore the impressive range of benefits that await you at each level:
Base Level
Every Electrum account holder is automatically entitled to these fantastic perks:
0.05% APY7
No minimum balances and no monthly maintenance fees
Fee-free overdraft transfers
Access to 5 non-Park View ATM transactions each month, free of charge
Receive a complimentary pack of checks for your transactions
Get your paycheck via direct deposits up to 2 days early
Opt for paper statements at no cost - simply request them when needed
Silver Level
Enjoy all the Base Benefits, plus:
Earn 1.50% APY8
on balances up to $10,000.
Loan Rebate: Achieve the Electrum requirements one month each quarter, and you’ll earn a 5% rebate on the interest paid for your auto loan and/or home equity line of credit, which will be credited to your rewards account.
Enhanced Earnings: Your monthly dividends will be automatically credited to your Park View Rewards account, where it earns you an additional 5.00% APY.
Enhanced Money Market Rates: Benefit from our enhanced Money Market Rates when you combine a Money Market Account with Electrum Checking.
Monthly Requirements:
5+ debit card purchases each month
Minimum $500 in direct deposit each month
Gold Level
Meet the monthly requirements and earn all the benefits of Silver, plus:
Earn 5.00% APY9
on balances up to $10,000.
Monthly Requirements:
15+ debit card purchases each month
Minimum $1,500 in direct deposit each month
Open An Electrum Checking Account
Your Money's Going to Thank You
Open an Account
Schedule an appointment with a Member Advisor.
Fund Account
You can open an Electrum Checking account with $0.10
Start Banking
Set up online banking and watch your money grow.
See How We Compare
Earn Up to 71.43x the National Average Checking Account APY11
Smarter earnings start here with up to 5.00% APY on balances up to $10,000.
Earn More Together
Electrum Checking + Traditional Money Market
Combining a Money Market Account with Electrum Checking means more earnings for you. Your monthly activity in Electrum Checking unlocks Silver and Gold tiers, boosting your savings potential. Maximize your savings easily by pairing these accounts!
Questions About Electrum Checking?
Get the answers you need to your questions about our Electrum High-Yield Checking Account.
To qualify for the 5.00% APY on up to $10,000, all you have to do meet the Gold Level monthly requirements:
- 15 or more debit card purchases
- $1,500 or more in direct deposit
There is no penalty if you do not meet the monthly qualifications. You'll simply earn the Base Level APY or the Silver Level APY.
No, there’s no minimum balance required—enjoy the freedom to manage your money your way, without worrying about maintaining a certain amount.
To be eligible for the Loan Rebate, you must meet the Silver or Gold monthly qualifications for at least one month within the quarter. Please note that these rebates exclusively apply to auto loans and home equity lines of credit.
There is no minimum checking account deposit. As long as you have $5 in a your Rewards account, you can open a Park View Electrum High-Yield Checking account with any deposit amount.
We welcome all applicants over 18 to apply for an individual or joint bank account. If you are 13-24 years old, we recommend an Electrum Lite account.
This type of account pays dividends on your balance, earning you more money.
Get Started
Take the first step toward maximizing your earnings!
Open an Electrum checking account by scheduling an appointment with a member advisor at your nearest branch.
Don't Just Listen to Us
See What Our Members Have To Say
Disclosures
1Annual Percentage Yield (APY) valid as of 1/2/2025. Monthly qualifications must be met in order to earn high dividend rate on balances up to $10,000. If not met, a reduced rate of 0.10% APY will be applied to balance. Balances over $10,000 will earn a reduced rate of 0.15% APY. $0 to open account and earn APY. Fees may reduce earnings. All rates quoted are subject to Credit Union earnings and are subject to change without notice.
2Standard fees such as dormant account fees do apply. Please view our full fee schedule. Fees subject to change.
3There's no surcharge fee when you use your Park View debit card at a Park View ATM or at an ATM within our network. Park View will waive the convenience fee, but surcharge fees from other financial institutions may still be assessed.
4Early access to direct deposit funds depends on the timing of the payer's submission of deposits. Park View may post such deposits up to 2 business days earlier than the payer's scheduled payment date.
55.00% of interest paid is returned quarterly into you Park View rewards from your auto loan and/or home equity line of credit.
6Annual Percentage Yield (APY) valid as of 1/2/2025. Dividends are paid quarterly. All rates quoted are subject to Credit Union earnings and are subject to change without notice.
7APY = Annual Percentage Yield. No mandatory monthly debit card purchases or direct deposits are necessary to qualify for the Base Level.
8To qualify for Electrum Silver, make at least 5 debit card purchases and have at least $500 in direct deposits each month to earn 1.25% APY.
9To qualify for Electrum Gold, make at least 15 debit card purchases and have at least $1,500 in direct deposits each month to earn 5.00% APY.
10No opening deposit requirement for Electrum, but to establish your Park View FCU membership, you will need to make a $5 deposit into a Rewards Account.
11Up to 71.43x the national average of 0.07% APY is based on the national average of interest checking account rates published in FDIC Weekly National Rates and Rate Caps accurate as of 3/17/2025. FDIC's National Rates and Rate Caps website here.
12The national average interest rate for checking accounts as posted on FDIC.gov, as of 3/17/2025.
Membership required. To establish membership, you will need to make a $5 deposit into a Rewards Account. Insured by NCUA.