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Premium Checking

A go-to checking account to earn a high interest rate

Premium Checking from San Mateo Credit Union is about making your life easier – and more rewarding, too. It's the perfect account if you use your debit card daily.

Why SMCU Premium Checking?

  • This checking account makes your money work harder:
  • Earn 2% APY* on the first $50,000 of your average daily balance when monthly requirements are met (no interest paid if requirements are not met).
  • Earn interest on balances from one cent and up
  • No monthly fee
  • $50 minimum deposit to open

How to earn interest

  • Conduct 10 or more debit card purchases or payments each month
  • Make one or more direct deposit, ACH, or payroll deposit each month – no minimum dollar amount required
  • Select eStatements instead of mailed statements

Plus, all our California checking options feature

  • A Visa® Debit Card that can be used with Apple Pay™
  • Online and Mobile Banking with Bill Pay and Mobile Deposit
  • Overdraft Protection and Courtesy Pay
  • Access to 30,000+ surcharge-free CO-OP ATMs nationwide
  • Account alerts to keep you informed and fraud-free

Ready for a checking account that takes things to the next level? Then you’re ready for SMCU Premium Checking.

** APY = Annual Percentage Yield as of 7/1/2019; subject to change. 2.00% APY paid on the first $50,000 in average daily balances and 0.05% APY paid on any average daily balances above $50,000 if three monthly (statement cycle) requirements are met, as follows: (1) 10 or more debit card purchases or debit card payments are posted (ACH/bill pay payments and ATM transactions are not counted toward the monthly requirement), (2) one direct deposit, payroll deposit, or external ACH transfer is received, (3) eStatements are selected. All requirements must be applied to the Premium Checking account. If the monthly (statement cycle) requirements are not met in their entirety, the APY paid will be 0% for that statement cycle. Limit one (1) Premium Checking account per membership.
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Turn everyday purchases into extraordinary experiences through a valuable rewards program.