Introducing Peninsula Shores Rewards Checking – a High Yield Checking Account

At Peninsula Federal Credit Union, we are always looking for ways to help our members make the most of their money. That’s why we are excited to introduce Peninsula Shores Rewards Checking – a new High Yield checking account designed to reward members for everyday banking habits.

Unlike traditional checking accounts that may earn little or no interest, Peninsula Shores Reward Checking allows members to earn High Yield dividends on balances up to $15,000, helping everyday spending work harder for you. Even better, dividends are paid monthly, giving you the opportunity to see consistent growth while still enjoying the flexibility of a checking account.

How Peninsula Shores Rewards Checking Works

Peninsula Shores Rewards Checking is designed around the way most people already bank today – digitally, conveniently and using their debit card for everyday purchases.

To earn the monthly rewards and high yield dividends, members simply need to:

· Set up Direct Deposit into their checking account

· Be enrolled in online/mobile banking

· Log into online/mobile banking at least once per month

· Maintain eStatement enrollment

· Complete 20 debit card purchases per month (excludes ATM transactions)

When these simple monthly qualifications are met, members can enjoy the full rewards of this checking account.

These type of requirements are common with high yield checking accounts because they encourage active use of the account while helping financial institutions offset the cost of offering higher dividend rates.

Key Benefits of Peninsula Shores Rewards Checking

Your everyday checking balance can now work harder for you. Earn a competitive dividend rate on balances up to $15,000, paid monthly.

ATM Fee Reimbursements

Use the ATM you need when you need it. Members can receive up to $15 per month in ATM fee reimbursements, making it easier to access cash wherever you are.

Designed for Everyday Banking

The qualifications – direct deposit, debit card purchases, online/mobile banking and eStatements, align with how many people already manage their finances today.

No Need to Move Your Money Around

Instead of letting your checking balance sit idle earning little or nothing, this account allows you to earn while having full access to your funds for your everyday spending needs.

Is This Account The Right Fit For You?

While Peninsula Shores Rewards Checking offers excellent benefits, it may not be the perfect fit for everyone.

Monthly Requirements Must Be Met

To receive the high yield dividends, the monthly qualifications must be completed. Missing one requirement in a given month could result in earning a lower dividend.

Dividend Cap

The high dividend rate applies to balances up to $15,000. Any funds above that amount may earn a lower rate. Many high yield checking accounts operate this way to balance rewards with sustainability.

Debit Card Usage

Members who prefer using credit cards for most purchases may find it slightly more difficult to reach the required number of debit card transactions every month.

Who Benefits Most From This Account?

Peninsula Shores Rewards Checking is ideal for members who:

· Receive their paycheck through direct deposit

· Use their debit card frequently

· Prefer online or mobile banking

· Monitor their monthly statements through eStatements

· Maintain a checking balance under $15,000

For many members, these requirements are things they already do each month – making it easy to earn additional dividends simply by using their account as usual.

Make Your Money Work Harder

Checking accounts are often used only for spending and bill payments, but Peninsula Shores Rewards Checking changes that by turning everyday banking into an opportunity to earn more.

If you are looking for a checking account that combines convenience, digital access, and rewarding dividends, Peninsula Shores Rewards Checking may be the perfect fit.

Visit a branch in Escanaba, Laurium, or Menominee Michigan to learn how you can start earning more with Peninsula Shores Rewards Checking. You can find more information at Peninsula Federal Credit Union Checking & Debit - Peninsula Federal Credit Union.

Bobbie Jo McDonough

Marketing Supervisor

This blog is not on behalf of Peninsula Federal Credit Union.