P1FCU Financial Translator
Have you ever heard a financial term and wondered what it meant? Financial language can be confusing and hard to follow, but we are here to break it down and help it make sense.
Our P1FCU Financial Translator will take common financial terms and translate them into language that is easier to understand. From terms you may hear during a simple transaction, to something you come across while applying for a mortgage loan, we are here to help them make sense.
Free checking that can help you save.
Ascend Checking is the free checking account that can earn 3.50% APY1 on the average daily balance up to $15,000.
Start earning dividends (think of this as us paying you back. It’s the money your credit union pays you for keeping money in eligible accounts) in your checking account with our Ascend Checking by completing these qualifying activities1 each month:
- enroll in eStatements
- make at least 20 debit card purchases
- have at least one monthly direct deposit greater than $250
There are no additional fees if you don't meet the dividend requirements, and no minimum opening deposit is required.
At P1FCU, we speak your language.
Some financial terms may not feel very common. But don't worry, we have broken them down for you
Mortgage terms can feel overwhelming. Let's break down the terms and their definitions below.
1 APY is Annual Percentage Yield. Rates may change after the account is opened. Qualifiers to earn dividends with an Ascend Checking Account, you must be enrolled in eStatements with a valid email address, have a minimum of 20 debit card transactions post and settle (excluding ATM transactions), and one monthly direct deposit of more than $250. When the qualifications are met during a monthly statement cycle, 3.50% APY is paid on the entire portion of the average daily balances up to $15,000, and 0.21-3.50% APY is paid on that portion of the average daily balances over $15,000, depending on the account's average daily balance. No dividends are earned if the qualifications are not met during the statement cycle. Fees may reduce earnings. APY is accurate as of the last dividend declaration date. Insured by NCUA.