Earn 3.00% APY with Boost Savings*
No balance limits. Earn on every dollar you save.
Open a checking account if you don't already have one (Simply Checking is free!).
Direct deposit at least $2,000 a month into your checking account.
Earn 3.00% APY on every dollar in a Boost Savings Account.
Earn more on your savings.
Make real progress toward your goals.
Keep more of what you earn.
No unnecessary fees getting in the way.
Access your money when you need it.
Because life doesn’t wait...and neither should you.
Do I need an Everwise checking account to open Boost Savings?
Do I need an Everwise checking account to open Boost Savings?
No, technically a checking account is not required to open Boost Savings. But to earn 3.00% APY, you’ll need an Everwise checking account with direct deposits of at least $2,000 a month.
Already have checking with us? Great! Setup at least $2,000 in direct deposits per month and open your Boost Savings account to start earning.
Do the deposits have to go into a specific account?
Do the deposits have to go into a specific account?
Your direct deposits need to go into a personal checking account (HSAs don’t count) under the same Everwise membership as your Boost Savings.
What if I don’t have $2,000 in direct deposits every month?
What if I don’t have $2,000 in direct deposits every month?
Your first two months earn 3.00% APY automatically, so you’ve got time to get your direct deposit set up. After that, any month you don’t meet the $2,000 requirement won’t earn dividends, but as soon as you meet it again, you’ll be back to earning 3.00% APY the next month.
How do I set up direct deposit?
How do I set up direct deposit?
Transfer your direct deposit (payroll, Social Security, pension, investment/brokerage, etc.) by downloading the form or by contacting your employer or the business/organization initiating the deposit. Provide them your new account number and Everwise's routing and transit number (271291826).
Resources
- Direct Deposit Form
- Social Security Administration: (800) 772-1213
- Department of Veterans Affairs: (800) 827-1000
How often are dividends paid?
How often are dividends paid?
Dividends are paid monthly, based on whether you met the direct deposit requirement the month before.
*APY = Annual Percentage Yield. APY Accurate as of last dividend declaration date. Rate may change after the account is opened. Dividends will be paid monthly on your Boost Savings account balance if you have direct deposits totaling at least $2,000 going into a consumer checking account (excluding HSAs) under the same Everwise membership as the Boost Savings during the prior dividend period. Dividends will be paid automatically for the first two (2) dividend periods starting from the account opening date. After the first two initial dividend periods, dividends will be paid based upon meeting the Boost Dividend Qualifications. After that, if you do not meet the Boost Dividend Qualifications during a dividend period, no dividends (0.00%) will be paid for that period.
Subject to membership eligibility requirements. Loans subject to credit approval. Borrower must be a resident of Indiana or Michigan, and for home loans property must be in Indiana or Michigan. All credit union programs, rates, terms, and conditions may change without notice.