Premier Checking

You only need a $2,500 minimum deposit to open a dividend checking account and a $1,500 direct deposit each month.

There is a $10 monthly fee if the balance drops below $2500 during the month.  To earn competitive dividends you will want to complete these steps each month: Make an electronic direct deposit of at least $1,500, make at least 15 debit card transactions each month of $10 or higher-excluding Cash app/Venmo/P2P transactions, maintain an account balance of at least $2,500, enroll for E-statements with a valid email address, and log into your Telcoe account at least once per month. If you elect paper statements, a $3 monthly fee applies.

Yes, a dividend checking account works just like a regular checking account. You can access your funds anytime by check, debit card, and electronic transfer.

You can easily access and manage your Premier dividend checking account from your mobile device or through our website anytime, anywhere.

Telcoe’s Premier Checking Account is a full-service high-yield checking account designed to support your everyday banking needs, with the added benefit of paying generous dividends on your account balance. It’s a great way to get more out of the money you need to keep on hand for your day-to-day banking needs.

An interest checking account is a great way to make your money work for you while keeping it accessible for everyday use. While the interest rates aren’t as high as a savings account, you earn a little extra on your balance—plus you enjoy all the convenience of a checking account, like debit card access, bill pay, and direct deposit. It’s a simple way to earn interest on money you already have in your account.

With a 1% APY on balances up to $10,000, you’d earn about $100 in interest over the course of a year—that’s roughly $8 per month—all while keeping your funds fully accessible for your daily banking needs.

You can open a Telcoe high-interest checking account via online or mobile banking or in person at one of our branches, provided you are already a Telcoe member. A minimum opening deposit of $50 is required. You also need to link at least one direct deposit in order to begin earning interest on your balance.

Telcoe currently pays a dividend of 1.00% Annual Percentage Yield (APY) on deposits in qualifying Premier Checking Accounts up to $10,000 and $0.05% APY on balances over $10,000. All deposit rates are variable and subject to change without notice at any time.

You still need a Prime Savings Account to maintain your Telcoe Federal Credit Union membership. To avoid fees that may reduce earnings, we recommend you open a Telcoe Money Market Account to use in conjunction with your Premier Checking Account. You earn a higher dividend rate than with a Prime Savings Account, and you are able to make up to three free transfers a month to replenish your checking account if necessary.

Telcoe Federal Credit Union proudly serves various large and small employer groups, organizations, charities, and counties throughout Arkansas. If you’re employed by one of our Select Employer Groups, you could be eligible to join Telcoe and enjoy our membership benefits.

Membership is also open to you if you live, work, attend school, or worship in the state of Arkansas. You must have an Arkansas driver’s license or state-issued ID.

Have questions? We’re here to help — just contact us!