 Your accounts work together to earn you extra perks
At The Summit, your checking, savings, certificate, loan, VISA® and mortgage account balances all work together to earn you extra benefits and savings. Based on your combined relationship account balance at the beginning of each month1, we'll establish your Relationship Account Level for that month2, which determines the additional benefits you're entitled to receive.
How is your Relationship Account Level determined?
On the first business day of each month, we'll lock in your Relationship Account Level2 for that month, based on the previous month's combined deposit and credit account balances. This gives you the opportunity to upgrade to a higher Relationship Account Level with even greater benefits for any given month.
What are the different Relationship Account Levels?
Classic Relationship Account Level:
Balances ranging from $0 to $1,499.99
Plus Relationship Account Level:
Balances ranging from $1,500.00 to $9,999.99
Premier Relationship Account Level:
Balances ranging from $10,000 or more; or the member has a mortgage with The Summit; or the member is a client of the MEMBERS Financial Services Program.
An example of a Premier Level member's balances:
| June Average Daily Checking Account Balance |
$500 |
| June Average Savings Account Balance |
$1,500 |
| June 30th Line of Credit Balance |
$350 |
| June 30th Loan Balance |
$8,500 |
| June Relationship Account Balance |
$10,850 |
| July Relationship Account Level Achieved |
Premier |
PREMIER Level - Our highest level of member benefits. As a Summit Premier Level member, you are entitled to these benefits:
Waived Fees
- Pay no monthly relationship balance fee.3
ATM Card & Visa® Check Card Privileges
Free Online Services
Unlimited Free Services
- Free Quik Tran service
- Free Money Orders (savings of $2.00 each)
- Free Traveler's Cheques for one (savings of $2.00 each)
- Free Share Withdrawal Checks (savings of $2.00 each)
- Free Certified Checks
- Free Gift Checks (savings of $2.50 each)
- Free Paper Statement Copies
- Free Check Copies (savings of $5.00 each)
PLUS Level - As a Summit Plus Level member, you are entitled to:
Waived Fees
- Pay no monthly relationship balance fee.3
ATM Card & Visa® Check Card Privileges
Free Online Services
Unlimited Free Services
CLASSIC Level - As a Summit Classic Level member, you are entitled to:
Waived Fees
- Pay just $5 monthly relationship balance fee3 for all your benefits.
(Fee is waived with $500 Relationship account balance and direct deposit).
At The Summit, we do not wish to charge a monthly fee to anyone who has limited financial resources or to cause a hardship. If you are a Classic Relationship member whose total relationship with The Summit is less than $1,500 and you currently pay the fee, you may qualify for an exemption based on your household income or other considerations. This special program offers qualified members an exemption from monthly Relationship Balance Fees for a period up to 3 years. Click here to see if you qualify!
ATM Card & Visa® Check Card Privileges
Free Online Services
Unlimited Free Services
Download a Relationship Level Comparison Chart
Send me a brochure
- Relationship Account Balance: The Relationship Account Balance for each account is the sum of: the average daily balance for the month in each of your share suffixes; all loan and certificate account balances as of the last business day of the month; and the previous month's VISA credit card New Balance as disclosed on your Summit VISA credit card statement.
- Relationship Account Level: Your Relationship Account Level is determined on the first business day of the month based on your prior month's Relationship Account Balance. Once your account has been assigned to a level, all fees assessed to your account for the month will be based on the Relationship Account Level, except that no Relationship Balance Fee will be imposed if you meet one of the following Relationship Balance Fee exemptions. Relationship Balance Fee Exemptions: Your Summit account will be exempt from the Relationship Balance Fee if you meet at least one of the criteria listed below. However, other applicable fees disclosed in the Relationship Account Level information above will still be assessed based on your Relationship Account Level.
- Members younger than 23 years of age
- Multiple Account Exemption†
- Accounts open for less than 6 months
- Relationship Fee Exemption (Household Income Requirements)†
- Not-for-profit organization
- Members 60 years of age or older
- Business Accounts
†To qualify for this exemption, an application must be completed and approved.
- Relationship Balance Fee: If applicable, the $5.00 fee will be deducted from your Primary Savings account on the day your Relationship Account Level is determined. If the funds are not available in the Primary Savings account, the Relationship Balance Fee will be deducted from other shares. However, shares in an account that would lose special tax treatment under any law are excluded.
- Foreign ATMs are not owned by The Summit. The Summit Federal Credit Union will not impose an ATM transaction fee, but this will not stop the owner of the ATM from doing so.
Your savings federally insured to at least $250,000 and backed
by the full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency
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