Elevate Checking
Banking that grows with you at every stage of life.
From your first job at sixteen, to your established career, this account rewards smart banking habits while providing the flexibility you need.
Your Account, Elevated
Better features. Better earnings. Here’s what comes standard with Elevate Checking:
4.25% APY*
Earn 4.25% APY up to $30,000.
No minimum balance requirement
Keep as much (or as little) in your account as you'd like.
No monthly fee**
Monthly fee is waived with eStatement enrollment.
Refunded ATM fees
Get $25 a month worth of ATM fees refunded.
Disclosures
**$5/month waived with eStatement enrollment.
Open or Upgrade Your Account with Elevate
Start earning a rate that helps elevate your Checking. Follow these simple steps each month:
Complete 12 debit card transactions of at least $5 each
ATM and ACH transaction do not qualify.
Be enrolled in eStatements
There is a $5 monthly maintenance fee for Elevate Checking if not enrolled in eStatements.
Keep the account open and active when dividends are paid
Enjoy the Benefits of Checking
Digital Banking
Access your account anytime, anywhere with the Red Canoe app.
Mobile Wallet
Make paying easy when you add your Red Canoe debit card to your digital wallet.
Round Up
Add on Round Up Savings to your account to save as you spend.
Transaction Alerts
Get alerts for account activity so you can stay on to of your finances.
Easy Access to ATMs
Use any Red Canoe ATM or over 30,000 Co-Op ATMs nationwide.
Overdraft Options
Set up your overdraft preferences to help you take control of your finances.
Elevate Checking FAQs
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There is no monthly maintenance fee with eStatements. There is a $5 maintenance fee without eStatements
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No minimum balance to earn the premium APY once qualifications are met
- The higher APY applies to the first $30,000
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Each primary account holder may have only one Elevate Checking account, regardless of
how many “Primary” accounts they have. If they have three Primary Red Canoe
accounts, they are only allowed one Elevate Checking account. However, they may be
joint on another Elevate account. -
All consumer accounts are eligible to open this account. Business accounts do not
qualify. -
The account still earns dividends, but at the lower rate listed on the Rate & Fee Schedule. Members may qualify for the following month. -
No. The transaction must be posted. Pending items posted after month-end will count
toward the following month.
