Earn 70x More Toward What Matters Most
Earn 5.05% APY* with our High-Yield Checking Account!
Now available in Roanoke, VA
Start earning more with a High-Yield Checking Account that earns 70 times the national average. Whether it’s a weekend getaway, a new set of tires, or your kid’s college fund, the extra dividends can help cover what life brings your way.
More value in every dollar
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Account Balance |
Dividend |
APY* |
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*APY = Annual Percentage Yield. The High-Yield Checking account is a tiered rate account paying up to 5.05% APY. The qualification cycle is defined as a period beginning on the last day of the previous calendar month in which dividends are paid and ending on the 40th calendar day prior. For daily balances $10,000.00 or less and you meet the following minimum qualification requirements for each qualification cycle, an APY up to 5.05% will apply. 1) receive at least one single ACH deposit of $250.00 in one (1) day and 2) be enrolled in and receive eStatements. If you meet any of the minimum qualification requirements for your account during the qualification cycle, for balances $10.000.01 or more, a 0% APY will apply. If your average daily balance is $10,000.01 or more, a blended rate may show on your periodic statement to reflect the dividends earned on the first $10,000.00 of the balance and no dividends earned on the remainder of the balance. Ex: An Average Daily Balance of $15,000 will show an APY of 3.37%. If you fail to meet any of the minimum qualification requirements during the qualification cycle, 0% APY will apply to the entire balance in the account. One (1) High-Yield Checking account is allowed per primary Social Security Number. If more than one (1) High-Yield Checking account is opened per primary Social Security Number, the additional High-Yield Checking account will revert to a Checking account. If you close your High Yield Checking account before the accrued dividends are credited, you will not receive the accrued dividends. A High-Yield Checking account is only available on a Personal account. Business accounts, Trust accounts, and other Special accounts are not eligible. Rates, terms, and conditions are subject to change without notice. PenAir reserves the right to discontinue or modify offer at any time. Membership is required. PenAir is federally insured by NCUA. |
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Account Balance $0 - $10,000 |
Dividend 5.05% |
APY* 5.05% |
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Account Balance $10,001 and up |
Dividend 0% |
APY* 0% |
Benefits Beyond Great Earnings
- Free Mastercard® Debit Card: Tap, insert, or swipe your free debit card. It’s safe, simple, and accepted everywhere.
- Digital Banking Solutions: Manage your money anytime, anywhere.
- Fee-Free ATM Access: Access to over 95,000 surcharge-free ATMs.
- Budgeting Help: Free financial resources and certified coaches you’ll actually want to use.
- Account Controls: Control your account your way with budgeting tools, card controls, and account alerts.
Before You Open Your Account
To open an account in Roanoke, VA, you’ll need to join The Friends of the Navy-Marine Corps Relief Society, Inc (NMCRS). Membership to the Friends of NMCRS is open to anyone, and PenAir will pay your one-time $1 donation for membership dues.
When completing your online application, choose to join the Friends of NMCRS when selecting your membership eligibility (pictured to the right).
Start Earning 70x More Than the National Average
PenAir's Powerful Mastercard Debit Card Benefits
Contactless Technology
Your debit card is enabled for added security. You’ll find so much power within this rectangular piece of plastic!
Automatic Billing Updater
New card number? Don’t fret. Most automatic payments will transfer seamlessly to your replacement card.
Fraud Monitoring
Your Debit Card comes equipped with 24/7 fraud monitoring to help you sleep at night.
Card Alerts
You can place personalized real-time alerts on your PenAir Debit Card that will ensure no transaction gets by you undetected.
Support our Schools
The Share It® program turns your signature-based transactions into donations to the schools in your neighborhood.
Instant Issue
Immediate access to your money is important, so why wait for the mail carrier? You can visit any PenAir location to print your Debit Card right there in the branch.
Virtual Wallets
Use your PenAir Debit Card with Apple Pay®, Google Pay™, and Samsung Pay® for the ultimate safe and secure shopping experience.
Need a little more information?
At PenAir, the $5 required in your Savings Account determines your ownership in the credit union. Opening a new Checking Account at PenAir is hassle-free, as it does not require a minimum balance or monthly fees.
To become a PenAir member, you only need three things:
- Your driver’s license or other acceptable forms of identification, such as government-issued photo IDs, state IDs, or military IDs.
- Your complete physical and mailing address. If your current address doesn’t match your ID, we’ll need proof of your current address (e.g., a paystub, utility bill, tax bill, or vehicle registration).
- $5 for your Savings Account, which serves as your share account and establishes your membership with PenAir.
As long as you live, work, go to school, or worship in one of the 19 counties we serve between Mobile, AL and Tallahassee, FL, you’re eligible to join PenAir and enjoy our range of financial services.
Your new account can be funded with a debit or credit card. Welcome to PenAir, where your financial journey begins!
You must be 18 years old to be a primary member on a PenAir account. However, minors aged 0-18 can be joint owners with a guardian on Youth Accounts. Members aged 8+ can access PenAir Mastercard® Debit Cards and Digital Banking.
Unlock the full potential of High-Yield Checking by meeting these eligibility criteria:
- Age Requirement: Applicants must be 18 years or older to be eligible for High-Yield Checking.
- Monthly ACH Direct Deposit Commitment: Ensure your eligibility by setting up a monthly ACH Direct Deposit of $250.00 or more in a single day.
- Digital Banking Requirement: Enroll in eStatements. This streamlined and paperless approach for maintaining account history enhances convenience, making managing your finances a breeze.
Meeting these criteria makes you eligible for High-Yield Checking and sets the stage for a more rewarding and efficient banking journey.
*High-Yield Checking is only for Personal accounts. At this time, Business and Minor accounts are ineligible.