MaxYield Checking & Savings

An account that comes with exclusive perks. MaxYield brings together the everyday convenience of checking with the earning power of high‑yield savings—all in one streamlined package. It delivers exceptional rates, no fees, and exclusive perks to help your balance grow faster.

MaxYield is a high‑yield account bundle that rewards active membership. It pays a higher APY on the primary membership share savings account¹ with best available savings and certificate rates, best available loan rates², and up to two days early direct deposits³.  
No. There are no maximums on balances that can earn the advertised APY (annual percentage rate) on the primary membership share savings account.
To qualify for MaxYield we require a CoVantage checking account, have an eligible direct deposit⁴ (see eligibility criteria), have a CoVantage debit card or credit card, and complete at least four card transactions per month.
Your checking account must receive at least one eligible direct deposit within the preceding 34 calendar days. An eligible direct deposit includes a) electronic deposits such as payroll, pension, and government benefit payments (such as Social Security) processed via the Automated Clearing House (ACH) network; or b) total deposits of $1,000 or more made via check at a CoVantage branch, Virtual Teller ATM, or mobile check deposit through MyCoVantage. Members age 12–22 are exempt from the direct deposit requirement.
The account remains open, but MaxYield benefits—such as the higher APY and best available loan rate discounts—are not available for that month.  

Best available rate applies to consumer loans, including:  

  • secured and unsecured personal loans,  

  • secured consumer loans,  

  • vehicle or RV loans.  

All loans remain subject to CoVantage’s standard credit requirements.  

There is no minimum balance to earn the high-yield APY on the primary savings account. However, we require a $10 minimum deposit to open an account and have membership at the credit union.