It's time to Step Up Your Checking Game!

CommonWealth One offers an interest-bearing checking account that gives you better value and better rates.  Enjoy 4.07% APY* with our ONE Up Checking account!

Earn 70x more than the national average on a checking account!¹

ONE Up Checking accountholders enjoy these great benefits:

Plus, you can experience all these benefits with no monthly fees² when you:

• Enroll in eStatements;
• Set up direct deposit of $500 or more per month; and
• Perform a minimum of 10 debit and/or credit card transactions per month.

Give your money a leg up with an account that gets two thumbs up.

Open Your ONE Up Checking Account today!

*Annual Percentage Yield (APY) on balances up to $20,000, 0.50% on average daily balances of $20,000.01 to $50,000; no interest paid on funds exceeding $50,000. Rates are subject to change without notice. No minimum balance required. Limit one (1) ONE Up Account per member. Business accounts are not eligible for the ONE Up Account.

¹Based on data from the Federal Deposit Insurance Corporation (FDIC) national average rates for deposit accounts as of March 20, 2023, which reported the Interest Checking national deposit rate at 0.06%.

²A monthly fee of $20 will be assessed if monthly requirements are not met. The monthly requirements for the ONE Up Account are as follows: (1) Accountholder must be enrolled and receive monthly eStatements. (2) Must receive minimum direct deposit(s) totaling $500 per statement cycle to the ONE Up Account. A qualifying direct deposit is an ACH (Automated Clearing House) automatic electronic deposit of your salary, pension, Social Security or other regular income into your credit union ONE Up Account. Transfers from one account to another, mobile deposits or deposits made at a branch or ATM do not qualify as a direct deposit. (3) A minimum of ten (10) Visa® Debit/Credit Card purchases, each totaling $5 or more per month; purchase returns credited back to the account will be deducted from the number of transactions. Only debit card transactions performed with a debit card tied to the ONE Up Account qualify. All Visa Debit/Credit Card purchases must be posted to the account by close of business on the last business day of the month to qualify. Monthly fees will be assessed on the first business day of the following month if applicable.

³CommonWealth One will refund ATM surcharge fees up to $15 per month assessed to a ONE Up Account when you use your CommonWealth One Debit Card to make a deposit, withdrawal, transfer or balance inquiry at a non-CommonWealth One ATM. The refund will be posted and credited to the account on the first business day of the following month. The refund does not apply to cash advances from a CommonWealth One Credit Card or the assessment of Visa International Service Assessment (ISA) fees.

Membership eligibility is required. Membership is open to residents of Virginia and the surrounding states..

Truth-In-Savings

Dividend is compounded: Monthly; day of deposit to day of withdrawal and posted monthly. The dividend period is monthly.

Dividend based on: Average Daily Balance. Average daily balance is calculated by adding principal in the account for each day of the period and dividing that figure by the number of days in the period.

Dividend rate: Variable; declared at the close of the dividend period by the Board of Directors and is subject to change at any time.

Conditions: Dividend rates are tiered. For an average daily balance, which is less than or equal to $20,000.01, an interest rate of ___% (see rate sheet) will be paid on the portion of the average daily balance that is greater than $0.00, but less than $20,000.01. An interest rate of ___% (see rate sheet) will be paid on that portion of your average daily balance that is greater than $20,000.00, but less than or equal to $50,000.00. No interest will be paid on that portion of your average daily balance that is greater than $50,000.00.

Penalty/Early Withdrawal: If the account is closed prior to the end of the month, no dividends will be paid for that month.

Fees: A monthly fee of $20 will be assessed if monthly requirements are not met.

Requirements: The monthly requirements for the ONE Up Account are as follows: (1) Accountholder must be enrolled and receive monthly eStatements. (2) Must receive a minimum direct deposit(s) totaling $500 per statement cycle to the ONE Up Account. A qualifying direct deposit is an ACH (Automated Clearing House) automatic electronic deposit of your salary, pension, Social Security or other regular income into your credit union checking account. Transfers from one account to another, mobile deposits or deposits made at a branch or ATM do not qualify as a direct deposit. (3) A minimum of ten (10) Visa® Debit/Credit Card purchases of $5 or more per month; purchase returns credited back to the account will be deducted from the number of transactions. Only debit card transactions performed with a debit card tied to the ONE Up Account qualify.
All Visa Debit/Credit Card purchases must be posted to the account by close of business on the last business day of the month to qualify.

Other: The credit union reserves the right to close any checking/share draft account for excessive overdrafts. Limit one (1) ONE Up Account per member. Only Consumer accounts are eligible for the ONE Up account. There is no minimum balance
requirement for the ONE Up account. CommonWealth One will refund ATM surcharge fees (fees assessed by other ATM
owners) up to $15 per month per ONE Up Account when you use your CommonWealth One Visa Debit Card to make a deposit, withdrawal, transfer or balance inquiry at a nonCommonWealth One ATM. The refund will be posted and credited to the account at the end of the month. The refund does not apply to cash advances from a CommonWealth One Credit Card or the assessment of Visa International Service Assessment (ISA) fees.