Which Checking Account Fits Your Financial Goals?
Whether you want to earn cash back on everyday spending or grow your balance with a higher dividend rate, we have a checking account designed to reward the way you manage your money.
Both accounts include:
- No monthly service fees
- No minimum balance requirements
- Online and mobile banking
- eStatements
- ATM fee refunds up to $20 per month*
- Access to thousands of surcharge-free ATMs nationwide
The difference is how you earn your rewards.
Choose Cash Back Checking if:
✓ You use your debit card frequently
✓ You prefer earning rewards you can spend right away
✓ Your checking balance varies month to month
✓ You want to maximize rewards on everyday purchases
Choose Smart Returns Checking if:
✓ You typically keep a higher checking balance
✓ You're focused on growing your money
✓ You want to earn dividends without moving funds to savings
✓ You prefer earning based on your account balance rather than spending
Compare Our Reward Checking Accounts
Smart Returns Checking
Best for:
People who maintain higher balances and want to earn more on the money sitting in their checking account.
Smart Returns Checking helps your checking balance grow by earning a competitive dividend rate while still giving you the flexibility to use your money whenever you need it.
Earn:
3.00% APY on balances up to $15,000*
Balances over $15,000 earn 0.25% APY*, and members who don't meet monthly qualifications still earn 0.05% APY*.
To Qualify Each Month:
- Make at least 12 debit card purchases
- Set up direct deposit or at least one automatic payment or transaction outside of WyHy
- Enroll in eStatements
Why Members Love It:
- Earn a higher rate on everyday checking balances
- No need to move money into a separate savings account
- Great for members who keep larger balances available
- Earn up to $20 in ATM fee refunds per month*
Example:
If you typically keep several thousand dollars in your checking account for bills, emergencies, or monthly expenses, Smart Returns Checking helps that money earn more while remaining easily accessible.
Choose Smart Returns Checking if you want your checking balance to work harder for you.
Cash Back Checking
Best for:
People who use their debit card regularly and want immediate rewards on everyday purchases.
With Cash Back Checking, you earn money back every time you shop, dine out, fill up your gas tank, or make everyday purchases using your debit card.
Earn:
2.25% cash back on debit card purchases up to $300 per month*
To Qualify Each Month:
- Make at least 12 debit card purchases
- Set up at least one automatic payment or transaction outside of WyHy
- Enroll in eStatements
Why Members Love It:
- Get rewarded for purchases you're already making
- Cash back is easy to understand and use
- Great for active debit card users
- Earn up to $20 in ATM fee refunds per month*
Example:
If you're using your debit card for groceries, coffee, fuel, and everyday purchases throughout the month, Cash Back Checking puts money back into your account for spending you'd already be doing.
Choose Cash Back Checking if you want rewards today for your everyday spending.
Side-by-Side Comparison
| Feature | Cash Back Checking | Smart Returns Checking |
|---|---|---|
| Primary Reward | 2.25% cash back on debit card purchases* | 3.00% APY on balances up to $15,000* |
| Best For | Frequent debit card users | Members with higher checking balances |
| Monthly Qualifications | 12 debit card purchases, 1 automatic payment, eStatements | 12 debit card purchases, direct deposit or 1 automatic transaction, eStatements |
| ATM Fee Refunds | Up to $20/month* | Up to $20/month* |
| Monthly Fee | None | None |
| Minimum Balance | None | None |
How to Start Earning Rewards
Once you've completed these simple steps each month, you'll unlock the rewards your account offers. Whether that's 2.25% cash back on debit card purchases with Cash Back Checking or 3.00% APY on qualifying balances with Smart Returns Checking.*
1. Open Your Account
Choose the checking account that best fits your financial goals and complete your application online or at any branch.
2. Use Your Debit Card
Make at least 12 debit card purchases each month. Everyday purchases like groceries, gas, dining, and shopping all count.
3. Set Up an Automatic Transaction
Enroll in direct deposit or establish at least one automatic payment or recurring transaction from an account outside of WyHy.
4. Go Paperless
Sign up for eStatements to securely access your account information online and complete your account qualifications
Ready to Start Earning More From Your Checking Account?
No matter which account you choose, you'll enjoy fee-free checking, digital banking tools, ATM fee refunds, and rewards designed to help you get more from your money.
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*Cash Back Checking and Smart Returns Checking account rewards are subject to qualification requirements during each Monthly Qualification Cycle. To qualify, members must: (1) complete 12 or more VISA® Debit Card point-of-sale (POS) transactions that post and settle during the qualification cycle (ATM transactions do not qualify); (2) have at least one direct deposit or ACH debit transaction post to the account; and (3) be enrolled in eStatements. Cash Back Checking earns 2.25% cash back on the first $300 in qualifying debit card purchases per Monthly Qualification Cycle, for a maximum reward of $6.75 per cycle. Smart Returns Checking earns up to 3.00% APY on balances up to $15,000; balances over $15,000 earn 0.25% APY. If qualifications are not met, Smart Returns Checking earns 0.05% APY. Both accounts are eligible for domestic ATM fee reimbursements up to $4.99 per transaction and up to $20 per Monthly Qualification Cycle. Cash back rewards, dividends, and ATM fee reimbursements are credited on the first day of the statement cycle. APY = Annual Percentage Yield. Rates, terms, conditions, and qualification requirements are subject to change. Terms and Conditions Apply. Federally Insured by NCUA.