WyHy FCU (WY) Nearly Doubles APY On SmartRewards Checking


Deal Summary: SmartReturns Checking, 4.00% APY up to $15k

Availability: Employees of 160+ SEGs, including many Federal Government agencies and organizations.

WyHy Federal Credit Union increased the rate on its SmartReturns Checking account this week, nearly doubling the APY from 2.25% to 4.00% on qualifying balances up to $15k. Qualifying balances of $15k+ earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

SmartReturns Checking Requirements

  • Have at least 12 debit card purchases.
  • Have at least one Direct Deposit to, or ACH debit from the account.
  • Receive eStatements.

The SmartReturns Checking account has no minimum balance requirement or monthly service fees. It requires a minimum of $25 to open, with a limit of one account per Social Security Number. Unlimited domestic ATM fees (up to $4.99 per individual transaction) will be reimbursed if incurred during a qualified monthly cycle.

WyHy’s “Comparison Chart” provides an assessment between the SmartReturns Checking, The Other Guy, and The Other Other Guy. (Who says there’s no humor in financial matters?)


Headquartered in Cheyenne, Wyoming, WyHy Federal Credit Union’s field of membership (FOM) is based on employment, with individuals who work for more than 160 SEGs, including many Federal Government agencies and organizations, eligible to join.

Individuals who are related (blood or marriage) to a current WyHy member or a current employee of a SEG qualify for membership.

Joining WyHy and/or opening a SmartReturns Checking account can be done at either of two Wyoming branches, located in Casper and Cheyenne. The Membership Application is available as a download to expedite the process.

WyHy’s online application isn’t a typical online application. According to the “Most Requested Info” on the SmartReturns Checking page,

Opening an account online has never been easier, Contact a Financial Life
Coach at 800-442-2392 to open an account today - we can email you
the account opening documents and you can sign them electronically!

Credit Union Overview

WyHy Federal Credit Union has an overall health grade of "A+" at DepositAccounts.com, with a Texas Ratio of 1.92% (excellent) based on December 31, 2016 data. In the past year, WyHy has increased its total non-brokered deposits by $6.51 million, an excellent annual growth rate of 3.71%. Please refer to our financial overview of WyHy Federal Credit Union (NCUA Charter # 9094) for more details.

Chartered at the end of 1953 for the benefit of Wyoming Highway Department employees, WyHy Federal Credit Union remitted a $35 check to the U.S. Treasurer and opened its doors for business. WyHy is currently Wyoming’s fourth largest credit union, with more than 13,800 members and assets in excess of $217+ million.

In September 2016, WyHy was named as one of 22 credit unions recognized as leading performers for annual growth, income, efficiency and margin management based on a balanced scorecard measurement by the Raddon Financial Group.

Raddon Financial Group, a leading provider of financial industry research and trends data, today announced the winners of its Crystal Performance Award for credit unions. The 22 winners rank among the top three percent of more than 500 credit unions in the Raddon CEO Strategies Group analyzed over a one-year period. Rankings are determined through an in-depth analysis of each credit union’s financial statements, sales figures, service penetration metrics and member household relationship data.

How the SmartReturns Checking Compares

When compared to the 58 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $15k, WyHy Federal Credit Union’s SmartReturns Checking APY currently ranks second.

The above rates are accurate as of 4/14/2017.

To look for the best Reward Checking Account rates, both nationwide and in your state, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.


  |     |   Comment #2
A promising sign; hope that it becomes a trend soon.
  |     |   Comment #3
Ken: Not sure why this credit union does not show up on the RCA search table. I tried "any state" as well as Wyoming only.
Ken Tumin
  |     |   Comment #4
Since WyHy FCU is primarily limited to Select Employer Groups, it doesn't show based only on geographic setting. To see it, select "Advanced options" at the bottom right of the filter box. Then click on "Select All". You should then see WyHy listed when Wyoming is selected or if "any state" is selected.

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