ALERTA IMPORTANTE: Los intentos de fraude siguen en aumento. RizeCU.com/PreventFraud
DIGITAL BANKING MAINTENANCE
Service will be offline beginning Tuesday, July 23 at 6am, expected to return by 11am.
Visite RizeCU.com/notice for what to expect.
Recordatorio importante: NUNCA lo llamaremos, le enviaremos un correo electrónico ni un mensaje de texto para pedirle su contraseña. Su contraseña es privada, ¡manténgala segura! Obtenga más información y actualizaciones mensuales sobre nuestra página de prevención de fraude.
We want to help you grow.
Our high-yield checking account earns 16 times the national average.2
If you had at least $5,000 in your
account each month, earning 7.5% APY,
you’d have an extra $375 in one year!1
Earn 7.5% APY on balances up to $5,000 when you make 10 debit card transactions per month1
Earn 7.5% APY on your first $5,000.1
You’ll have access to Digital Banking, 30,000+ surcharge-free ATMs nationwide, and Shared Branching at thousands of partner credit unions across the country.3
You’re what matters most to us.
Unlike being a customer at a traditional bank, when you become a member at SCE Credit Union, you also become an owner. All profits we bring in go right back to you in the form of dividends and lower interest rates.
Complete 10 debit card purchases
Earn dividends on your entire balance, with rates up to 7.5% APY1
1Required disclosures:
The Rize™ Checking Account is a reverse tiered variable rate account that must be opened online and is limited to one checking account per Social Security number. This account is a consumer-based product not available to businesses.
Minimum Balance and Deposit Requirements
There is no minimum balance required to open your Rize™ Checking Account. To qualify for and earn dividends you must make 10 debit card purchase transactions that post to your account during each statement cycle (ATM withdrawal transactions are not considered debit card purchases) This requirement must be met each month in order to be eligible to obtain the Annual Percentage Yield as stated within our Tasas de Depósito and to earn dividends.
For qualifying accounts that meet the requirements, the balance required to obtain the Annual Percentage Yield for each tier is indicated within our Tasas de Depósito. Dividends are paid at a tiered rate for the portion of balance within each tier.
Rate Information
Our Rize™ Checking Account is designated as a variable rate account within our Tasas de Depósito. These rates and yields may change at any time at the Credit Union’s discretion.
Dividend Compounding and Crediting
Dividends will be compounded monthly and will be credited monthly. For the Rize™ Checking Account the period is monthly. For example, the beginning date of the first dividend period of the calendar year is January 1 and the ending date is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of a dividend period. The most recent dividend declaration date is reflected within our Tasas de Depósito.
Total dividends paid are the sum of dividends earned from the balance in each tier. The dividend earned, which varies depending on the balance in the account, is calculated daily based on the ending qualifying balance within each tier and is totaled at month-end to pay a blended Annual Percentage Yield during the dividend period. Dividends will be forfeited if your account is closed prior to the last day of the month.
2Based on comparison of FDIC national deposit rate as of 3.18.24 and SCE FCU Rize™ Checking rate as of 4.1.24.
3Access to surcharge-free ATMs nationwide and Shared Branching through CO-OP Network.