Pinnacle Reward Checking

*To earn your account’s rewards, the following enrollments must be in place and all transactions and activities must post and settle to your Pinnacle – Multi-Level account during each “Monthly Qualification Cycle”:

Level 1 Qualifications:

o   Have a minimum of one ACH debit, or one direct deposit, or one bill pay transaction post and settle your account;

o   Have a minimum of 12 credit card purchases post and settle

o   Be enrolled in and agree to receive e-statements rather than paper statements

Level 2 Qualifications:

o   Have a minimum of one ACH debit, or one direct deposit, or one bill pay transaction post and settle your account;

o   Have a minimum of 12 credit card purchases post and settle

o   Be enrolled in and agree to receive e-statements rather than paper statements

o   Have an active business loan or line of credit with our institution

“Monthly Qualification Cycle” is a period beginning two business days prior to the first day of a calendar month through two business days prior to the last day of a calendar month. Transactions posted and settled on the last two business days will qualify for next month’s qualification.

Qualification Information: Account transactions and activities may take one or more Banking Days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM-processed transactions; transfers between accounts; credit card purchases processed by merchants and received by our Credit Union as ATM transactions; non-retail payment transactions; and purchases made with credit cards not issued by our Credit Union. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.

Dividend Rate and Annual Percentage Yield: This is a variable rate account. The dividend rate and annual percentage yield may change. The dividend rate is determined at our discretion, and we may change the dividend rate on your account at any time, without any limitations, and without notice to you. When your Pinnacle-Multi-Level account qualifications are met during a Monthly Qualification Cycle:

Level 1 Rewards:  (1) average daily balances up to and including $50,000 in your Pinnacle Checking account earn a dividend rate of 2.96% resulting in an APY of 3.00%; and average daily balances over $50,000 earn a dividend rate of 0.995% on the portion of the average daily balance over $50,000, resulting in a range from 3.00% to 1.40% APY depending on the account's average daily balance and (2) you will receive reimbursements up to $25 for nationwide ATM fees incurred during the “Monthly Qualification Cycle” in which you qualified and (3) you will have your monthly service fee of $15.00 waived.

or

Level 2 Rewards: (1) average daily balances up to and including $50,000 in your Pinnacle Checking account earn a dividend rate of 4.41% resulting in an APY of 4.50%; and average daily balances over $50,000 earn a dividend rate of 0.995% on the portion of the average daily balance over $50,000, resulting in a range from 4.50% to 1.70% APY depending on the account's average daily balance and (2) you will receive reimbursements up to $25 for nationwide ATM fees incurred during the “Monthly Qualification Cycle” in which you qualified and (3) you will have your monthly service fee of $15.00 waived.

When your Pinnacle-Multi-Level account qualifications are not met during a Monthly Qualification Cycle: Level 1 and Level 2 Rewards: the entire average daily balance in the Pinnacle-Multi-Level account earns a dividend rate of 0.05% resulting in an annual percentage yield of 0.05% APY and ATM fees are not refunded and you will incur a $15.00 monthly service fee.

APY = Annual Percentage Yield. APY is accurate as of 03/01/2026. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. No minimum balance is required to earn or to receive the account’s rewards. Dividends and ATM fee reimbursements will be credited to your Pinnacle checking account on the first processing day of the following “Statement Cycle”. “Statement Cycle" means the period of time for which MCT Credit Union provides a summary of the financial activities and transactions that post and settle to the accountholder's account. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.

Additional Information: Membership restrictions apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $5 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, electronic statements and log-ons) may be required to meet some of the account’s qualifications. Limit 1 account per social security number and/or EIN. There is a recurring monthly service fee of $15 that will be imposed when qualifications are not met during a Monthly Qualification Cycle. There are no fees to open or close this account. A Pinnacle Business Checking account is required in order to have a Pinnacle Business Savings account. A linked Pinnacle Business Savings account is required for automatic savings. Contact an MCT Credit Union service representative for additional information, details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. 

American Share Insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $750,000 of insurance per account. This institution is not federally insured. Members' accounts are not insured or guaranteed by any government or government-sponsored agency.