Whether you're seeking a checking account with higher yields and added perks or prefer a hassle-free experience with no monthly maintenance fees, we've got you covered.
Explore our range of options to discover the perfect checking account that suits your needs.
Learn about the benefits of these accounts:
Cobalt Elite Checking | Cobalt Blue Checking | Free Checking | Checking FAQ
Check Rates Digital Banking Refer a friend
Benefits for all checking accounts:
- No monthly maintenance fee
- Instant issue debit card
- Debit Card Round Up
- Over 30,000 ATMs Nationwide
- Online bill pay
- Mobile & Online Banking
- ITM & Video Banking
Cobalt Elite Checking
Our Cobalt Elite checking account is designed to support your financial goals by providing exceptional returns and a variety of benefits you'll love.
- 3.25% APY1 premium dividend on balances up to $20,000
- Earn 0.15% APY1 on balances over $20,000
- 2 free foreign ATM withdrawals per month2
- No monthly maintenance fees
Requirements:
- Average daily balance of $2,500
- 15 debit card purchases monthly with a minimum spend of $500
- Direct deposit
- e-Statements
Open Account Check Rates
Cobalt Blue Checking
Our Cobalt Blue checking account offers incredible value and growth potential.
- 1.50% APY3 premium dividend on balances up to $10,000
- Earn 0.15% APY3 on balances over $10,000
- 2 free foreign ATM withdrawals per month2
- No monthly maintenance fees
Requirements:
- 10 debit card purchases monthly with a minimum spend of $250
- Direct deposit
- e-Statements
Open Account Check Rates
Cobalt Free Checking
Our Free checking is a simple, convenient, and flexible solution for your financial needs.
- 2 free foreign ATM withdrawals per month2
- No monthly maintenance fees
Requirements:
- e-Statements
- Minimum opening deposit of $25
Open Account Check Rates
Refer a friend and you both get $50!*
Refer your friends and family to Cobalt Credit Union and when they open a qualified* new checking account you'll both be rewarded!
*See offer details on the linked page or speak to a representative.
Get the most from your checking account.
These bank account conveniences are available on all of our checking accounts.
Frequently Asked Questions: Cobalt Checking Accounts
- Do all checking accounts pay dividends?
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Many standard checking accounts do not offer dividends, and that is what makes our Cobalt Blue and Cobalt Elite Checking Accounts so unique. dividends are calculated using your average daily balance and is paid out at the end of the month if you meet all required qualifications.
- How often are dividends paid on my checking account?
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Dividends on checking accounts are paid monthly.
- Will I be notified if I am at risk of not meeting the monthly requirements for my checking account?
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Members will not be notified, but tracking your purchase history and direct deposits using online banking is easy. There is no penalty for not meeting the debit card usage requirement or not having direct deposit. The account will not earn higher dividends that month.
Another option is using our Card Manager app to set up transaction alerts.
- Do I need to be a member of Cobalt CU to open a checking account?
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Yes. To be a member and maintain accounts with us, you must own one share in Cobalt Credit Union. The par value of a share in this credit union is $5.00. You become a member and shareholder when you open a Share Savings Account with a minimum account balance of $5.00.
See if you meet our membership eligibility qualifications.
1Annual Percentage Yield. Rates subject to change after account opening. APY is accurate as of 07/01/2023. Fees may reduce earnings. Minimum opening deposit of $25. Must maintain minimum average daily balance of $2,500 to receive Premium APY. Premium APY of 3.25% on balances up to $20,000 if account-specific qualifications are met and 0.15% APY on dollar amounts above $20,000 or account-specific qualifications are not met. Account-specific qualifications: At least one monthly direct deposit transaction of $500 or more into a Cobalt account, opt-in to receive e-statements, and 15 monthly debit card purchases equaling at least $500. Refer to our account disclosure and rate sheet for details on fees and dividends, or contact us for details including eligibility, service description and associated charges.
2Non-Cobalt ATM transactions do not include Cobalt ATMs. Does not include surcharge imposed by the owner (other than Cobalt) of the ATM. Applies to primary tax owner’s debit card.
3Annual Percentage Yield. Rates subject to change after account opening. APY is accurate as of 07/01/2023. Fees may reduce earnings. Minimum opening deposit of $25. Account-specific qualifications: At least one monthly direct deposit transaction of $500 or more into a Cobalt account, opt-in to receive e-statements, and 10 monthly debit card purchases equaling at least $250. Refer to our account disclosure and rate sheet for details on fees and dividends, or contact us for details including eligibility, service description and associated charges.
