Independence Day: Gulf Winds will be closed Monday, July 4, in observance of Independence Day.

Skip to main content

High-Yield Checking Accounts

Earn 1.75 APY*

Checking benefits that move at the speed of your life.

We believe your checking account should reward you, not penalize you. That's why we’ve created our High-Yield Checking Account, a simplified checking account option with higher earning potential. Open an account today and enjoy exceptional checking benefits and easy access from anywhere.

  • Pays premium monthly dividends
  • No minimum balance
  • No monthly service fee
  • Free Black VISA Debit Card
  • Access to 85,000+ free nationwide ATMs
  • Nationwide ATM fee refunds1
  • Free Overdraft Protection
  • Overdraft Privilege Protection2
  • Free Digital Banking with bill pay and alerts
  • Free text message fraud alerts 
  • Free eStatements with check images
  • Free 24-Hour Phone Banking
  • Pays premium monthly dividends
  • No minimum balance
  • No monthly service fee
  • Free Black VISA Debit Card
  • Access to 85,000+ free nationwide ATMs
  • Nationwide ATM fee refunds1
  • Free Overdraft Protection
  • Overdraft Privilege Protection2
  • Free Digital Banking with bill pay and alerts
  • Free text message fraud alerts 
  • Free eStatements with check images
  • Free 24-Hour Phone Banking

High-Yield Checking Account Qualifications

Earn 1.75% APY* on your account balance when you meet three simple requirements each month:

  • Have at least 12 debit card purchases post and clear
  • Have at least one (1) direct deposit or automatic payment post and clear
  • Receive your monthly statements electronically

Open an Account

High-Yield Checking Dividend Rates
Account Type Dividend Rate APY Compound Frequency Minimum Deposit
Qualifications Met, Balance ≤ $10,000 1.74% 1.75% Monthly $0
Qualifications Met, Balance > $10,000 0.10% 0.10% Monthly $0
Qualifications Not Met, All Balances 0.05% 0.05% Monthly $0

Rates as of 7/1/2022.
*The rate and Annual Percentage Yield (APY) stated for Share Draft Checking Accounts is declared by the Board of Directors and is subject to change at any time. Fees may reduce earnings. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions.

High-Yield Checking Earnings Calculator

If your account has 5000 at 1.75%.

In one year you'd have… with a Gulf Winds High-Yield Checking Account

Overdraft Protection

Whether it's a flat tire or an unexpected bill, our Overdraft Protection gives you peace of mind. By automatically transferring any necessary funds from a designated source to your checking account, our free service means you don't have to worry about fees or if you have enough money to cover a purchase. There is no charge, no transfer fee, and no non-sufficient funds (NSF) fee for use of this service when activated on your account.

Gulf Winds discretionary Overdraft Privilege is a financial resource that can cover an overdraft should you make a mistake with your account. Rather than returning a payment that normally would not clear your account because funds are not available to cover it, we cover the item. While there is a $29.50 fee per item, this resource may protect you from merchant returned check charges or other fees. 

Only avaliable for Gulf Winds High-Yield and MyFree Checking Products. Subject to approval.

Ready to Open an Account?

Higher savings rates, better loan rates and lower fees. We believe banking should move you forward. Your future self will thank you.

Additional Checking Options

MyFree Checking

Convenient, secure, and perfect for daily needs.


  • No Minimum Balance
  • No Monthly Service Fee
  • Overdraft Privilege Protection2

MyOpportunity Checking

Your opportunity for a fresh start.


  • $25 Minimum Balance
  • $10.95 Monthly Service Fee
  • Free Overdraft Protection

MyMoney Teens Checking

Helps teens learn valuable financial skills.


  • No Minimum Balance
  • No Monthly Service Fee
  • Free Overdraft Protection

Account opening subject to approval. 
1ATM fee refunds up to $15 per cycle when qualifications are met. Only applicable with HY Checking Share accounts, not Primary Share or Primary Savings accounts.
2Subject to account qualification after 30 days. A fee will be incurred for use of this service.