Magnolia Everyday Checking
Simple checking for everyday life
Earn up to $100, with no monthly fees and no minimum balance. Banking made easy.
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Overview
Everyday checking made simple
No monthly fees, no minimum balance, just easy, everyday banking.
With convenient online and mobile access, Magnolia Everyday Checking is designed to fit your life, not complicate it. Open an account today and enjoy straightforward banking you can count on.
- Earn dividends on average daily balances of $500 or more
- Receive a free debit card, free first order of checks, and access to thousands of free ATMs nationwide
- Manage your account with convenient online banking, mobile banking, bill pay, and eStatements
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Rates
Rates
Magnolia Everyday Checking
Account Minimum Deposit To Open Minimum Balance Required to Earn Dividends Rate APY Everyday Checking $0.00 $500.00 0.010% 0.01% The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. For all accounts except certificates, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors. Money Market accounts are tiered rate accounts. The Dividend Rate for a particular tier will apply to the entire account balance if the account balance is within the balance range for that tier. The Dividend Rates and Annual Percentage Yields are the prospective rates as of 5/17/2023. For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Certificate accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
APY = Annual Percentage Yield
Get rewarded for getting started:
- • $50 with qualifying direct deposit ($250+)
- • $50 after 90 days in good standing
- No monthly fees. No minimum balance.
- Easy online and mobile banking with free eStatements.
- Simple checking built for everyday life.
Open your Everyday Checking account today!
Earn up to $100, no monthly fees, no minimum balance, just simple, everyday banking. Apply in minutes with our easy online form.
Open My AccountOffer valid for new Magnolia Everyday Checking accounts. To qualify for the first $50 incentive, a direct deposit totaling $250 or more must be received into the account within the qualifying period. Direct deposit must be an electronic deposit of payroll, pension, Social Security, or other eligible recurring income. Transfers between accounts, person-to-person payments, and deposits not from an employer or benefits provider may not qualify.
To receive the additional $50 incentive, the account must remain open and in good standing for at least 90 days following account opening. Good standing is defined as the account being active, not overdrawn, and without any negative balances or restrictions.
Incentives will be deposited into the member’s account once qualifications are met. Magnolia Federal Credit Union reserves the right to verify eligibility and modify or discontinue this offer at any time. Federally Insured by NCUA.