Basic Checking
- No minimum balance
- No monthly fees
- Free VISA Debit card
- Free standard checks
Teen Checking—Teen's first real bank account
For members ages 13-17 with a parent/guardian
April is Financial Education Month.
Teens get a $50 Bonus* with a new Teen Checking Account in April.
At Peake Federal we believe that money confidence begins long before adulthood. The earlier young people understand how money works, the stronger their financial future becomes. Our Teen Checking Account helps young members learn how to manage their money with:
- Free Visa ® debit card
- Free standard checks
- Free online and mobile banking
- Free eStatements
*Membership eligibility required. Parent or guardian required as joint owner on teen accounts. Account must be opened and funded with the minimum $5 during the month of April 2026 to receive $50 bonus. Bonus will be deposited into qualified new Teen Checking accounts by May 31, 2026.
Bonus Checking
All checking account holders earn a bonus for each month they:
- Have direct deposit
- Use their VISA Debit card for at least 12 point of sale transactions
- Receive eStatements
For every month you meet these criteria you’ll receive:
- Dividends on your checking account*
- Rebate of interest paid on any non-real estate loans you have with us!**
* Dividend rate will equal the rate paid on the Premier Money Market account for that month.
** Rebate will be a 1/2% reduction in your loan interest rate applied to your loan payment for that month.
Overdraft Protection
Remember to add Overdraft Protection to your Basic Checking Account. Overdraft Protection covers you if you overdraw your account. We will transfer funds first from your designated share account, secondly from an established Preferred Line of Credit account, thirdly from our Courtesy Pay service (up to $500 including a $25 Courtesy Pay fee), and lastly from any other savings account.
Contact Member Services at 410-828-4730, 800-234-4730, or memberservices@peakefederal.com to opt in.
