Last Updated: 01/21/2026
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Highlights
Welcome Offer
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Cashback Rewards
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APY (Annual Percentage Yield)
Monthly Service Fee
Canvas High Yield Checking Review
Key Takeaways
- Up to 2.25% annual percentage yield (APY). This account offers an annual percentage yield of up to 2.25%, which is much higher than the average for the checking accounts that we track However, you must keep a minimum balance of $500.
- $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$500.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Canvas High Yield Checking does not charge fees on ATM transactions .
- Bill pay. Pay your bills to practically anyone in the United States when you enroll in Canvas Credit Union mobile or online banking.
Canvas High Yield Checking Pros & Cons
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Canvas High Yield Checking FAQ
Are checking accounts from Canvas Credit Union federally insured?
What APY does Canvas High Yield Checking offer?
What are the account minimums for Canvas High Yield Checking?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Direct Deposit to Earn APY | Starting at $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does Canvas High Yield Checking charge?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What features and perks does Canvas High Yield Checking offer?
- Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Canvas High Yield Checking allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for Canvas High Yield Checking?
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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Bonus Offer
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Cashback Rewards
APY (Annual Percentage Yield)
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Monthly Service Fee
Bonus Offer
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Cashback Rewards
N/A
APY (Annual Percentage Yield)
Monthly Service Fee
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