COMPARE ACCOUNTS
Four accounts, one page, no sales pitch
Summit offers four personal deposit accounts. Here is what each one pays, what it asks of you, and the kind of money it was built to hold.
Side by side
Everything on one line
Every account below is federally insured by NCUA and carries no monthly service fee.
Account
Rate
Minimum
Monthly fee
Best for
Free Checking
0.05% APY
$0
$0
Money you spend this month
High-Yield Savings
4.15% APY
$0
$0
Emergency fund and goals under a year
Money Market
3.60% to 4.10% APY
$2,500
$0
Large balances you write checks against
Share Certificates
3.25% to 4.25% APY
$500
$0
Money with a known due date
Rates current as of July 2026 and subject to change. Money Market and Share Certificate rates vary by balance tier and term; see the product pages for the full schedules. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Which one belongs where
Sort your money by when you will need it
The right account is almost always decided by one question: how soon do you have to touch this?
This month: Free Checking
Rent, groceries, gas, the card you actually carry. Keep roughly one month of spending here and stop worrying about it. No fee, no minimum, and direct deposit lands up to two days early.
See Free CheckingThis year: High-Yield Savings
Three to six months of expenses, a vacation, a deductible, a car repair you know is coming. It earns 4.15% APY on every dollar and you can get it out the same day you need it.
See High-Yield SavingsA large float: Money Market
Down payment money, quarterly taxes, a business cushion. Starts at $2,500, pays by tier up to 4.10% APY, and lets you write six checks a month directly against the balance.
See Money MarketA set date: Share Certificates
Tuition due in eighteen months, a roof you will replace in three years. Lock 3.25% to 4.25% APY for a term from 3 to 60 months and the rate cannot be lowered on you.
See Share CertificatesA working setup
How most members actually split it
You do not need all four accounts. This is the order they usually get opened.
Checking first
Point your direct deposit at Free Checking and keep about a month of spending in it. Everything else is easier once payday lands in the right place.
Savings second
Set up an automatic transfer on payday into High-Yield Savings. Build it to three months of expenses before you think about anything fancier.
Then commit the surplus
Money beyond the emergency fund goes into a certificate ladder or a Money Market, depending on whether you need check access or a locked rate.
True of all four
What you get regardless of which one you pick
No monthly service fee
Not on checking, not on savings, not on a Money Market that dips under its tier. We are member-owned and not-for-profit, so the money goes back into rates instead.
Federally insured by NCUA
Every deposit account is insured to at least $250,000 per member by the National Credit Union Administration, an agency of the United States government.
One place to manage it
One login, one app, one statement covering every account you hold with us. Open a second account in about four minutes without filling out your address again.
412,000
Members
$14.2B
In assets
42
Branches
85,000
Surcharge-free ATMs
Common questions
Can I open more than one of these?
Yes, and there is no limit. Members commonly hold checking, savings, and two or three certificates at once. They all sit under the same membership and the same login.
Which account should I open first?
High-Yield Savings, because the $5 membership share deposit goes in when you join anyway and the account earns 4.15% APY from day one. Add checking when you are ready to move your direct deposit.
Why does savings pay more than the Money Market?
Because below $250,000 it genuinely does, and we would rather say so than hide it. The Money Market exists for check writing and for very large balances, not because it is a better rate for most people.
Is there a penalty for closing an account?
Only on share certificates, where an early withdrawal costs 90 or 180 days of dividends depending on the term. Checking, savings, and Money Market accounts can be closed any day at no cost.
Do I have to keep the $5 share?
Yes, for as long as you are a member. It is your ownership stake in the credit union, and it is returned to you if you ever close your membership entirely.
Still deciding? Ask a person.
Tell us what the money is for and we will tell you which account we would use.