It is our way of saying "Thank You!" for your loyalty.
Your Ownership Rewards Account1
- High-yield 5.00% dividend rate2 on qualifying deposits made into your account.
- Qualifying deposits include Enrichment FCU credit and debit card cash back!
- More opportunities to earn deposits coming soon!
- While you can transfer funds out of your Ownership Rewards Account at any time, only qualifying patronage from your Enrichment FCU cash back can be deposited into your Ownership Rewards Account.
The Ownership Rewards Account is our way of saying ‘Thank You!’ and to reward you for your past and future patronage.
Every member automatically receives their Ownership Rewards Account on their personal account when membership is opened. We will automatically post your credit and debit card cash back rewards into your Ownership Rewards Account so you can begin to earn 5.00%2 right away! We plan to add other opportunities to earn additional qualifying deposits to your Ownership Rewards Account in the future so you can watch your savings grow!
Please see our FAQ's section below for more information regarding your new Ownership Rewards Account.
1All terms including rates and qualifying additions are subject to change at any time by Enrichment FCU. Account restrictions apply.
2Current rate is 5.12% APY (APY=Annual Percentage Yield).
Your Ownership Rewards Accounts was created to reward you for your loyalty in your Credit Union. While you cannot transfer funds into the account yourself, qualifying deposits currently include your credit and debit card cash back rewards will automatically be credited to your Ownership Account. Look for more deposit opportunities to come in the near future!
What are the benefits of the Ownership Rewards Account?
You are paid a 5.00% dividend rate (5.12% Annual Percentage Yield) on deposits made on your behalf for your patronage with the Credit Union. Your credit and debit card cash back rewards will be deposited to this account for you so you can watch those rewards grow even more! The longer you leave your rewards in your Ownership Rewards Account, the more savings you will earn! We will be offering more options to deposit to your Ownership Rewards Account in the near future! Watch for more opportunities to grow your savings!
What are the limitations of the Ownership Rewards Account?
The only funds that will be deposited at this time into the high-yield Ownership Rewards Account will be your credit and debit card cash back rewards.
Once the money is withdrawn, it cannot be deposited again. You can transfer funds from the Ownership Rewards Account to another account to be used, but you cannot transfer funds back into the Ownership Rewards Account. Ownership Rewards Account funds cannot be directly withdrawn from an ATM; members may transfer the funds to a checking or savings account through online banking in order to make the withdrawal. However, remember that once withdrawn, it cannot be deposited back into the Ownership Rewards Account. If you have inadvertently withdrawn funds from your Ownership Rewards Account in error, please contact us as soon as possible.
Will I still have my base share account? Am I required to keep a minimum balance in my Ownership Rewards Account?
Your base share account will remain the same. There is no minimum balance to the Ownership Rewards Account. Withdrawing all funds from your Ownership Rewards Account will not close the account. You may close the Ownership Rewards Account if you close your membership with Enrichment FCU.
Why does my account not have an Ownership Rewards Account?
The Ownership Rewards Account is for personal membership accounts and does not apply to business accounts.
If your account is dormant and you would like to have the Ownership Rewards Account added, please contact us. We can help you bring your account active again so you can start earning rewards!
If you have recently opened your account, your Ownership Rewards Account will be automatically added within one business day.
If you do not see your Ownership Rewards Account, please contact us and we will gladly review your account.
Can I opt out of the Ownership Rewards Account?
If you feel the Ownership Rewards Account is not right for you, please contact us. We have designed this account to reward you for being a loyal member of Enrichment FCU. We will be offering additional options in the near future to earn even more deposits to your Ownership Rewards Account so you can watch your savings grow!
Will my Ownership Rewards Account be available in online banking?
Yes! You will be able to see your Ownership Rewards Account in online banking with your other accounts. You will also have the ability to transfer out of your Ownership Rewards Account, but deposits will not be allowed.
If you do not want to see your Ownership Rewards Account through online banking, you do have the option to make it a "hidden" account through the account settings online and in our mobile app. Contact us if you need assistance with online banking or visit our Online Banking page for more help.
