Earn 4.00% APY on balances up to $5,000 and 0.25% APY on balances above $5,000 when all monthly requirements are met. Requirements include direct deposit or automatic payment, e-statements enrollment, 10 debit card purchases totaling at least $200, and one monthly online/mobile login. No monthly maintenance fees or minimum balance required.
Eligibility
How to get the Class Act Federal Credit Union Honors Checking rate
- Apply through the offer page to open the Honors Checking.
- Complete the requirement: No minimum balance; requires direct deposit, e-statements.
The fine print that matters
- As of January 31, 2018, 4.00% annual percentage yield (3.96%) daily interest rate paid monthly on balances up to $5,000
- Balances over $5,000 earn 0.25% APY (stated as 'higher tier share 0 dividend rate')
- All requirements must be met before month-end processing on the last business day of the month
- Rates and terms are subject to change
- Debit card returns will be deducted from monthly total and do not count towards requirements
- Unused out of network ATM fee refunds do not roll over month to month
Verification and reports
Confirmed against classact.org on Aug 8, 2026. Based on 0 field reports. Status Limited reports is computed from those reports, never hand-set.
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Sources: classact.org rate page (checked Aug 8, 2026)