Effective April 2, 2026 – The City of Dearborn Heights has made the decision to discontinue all City tax and water payments at all Dearborn Federal Savings Bank locations. We will no longer be accepting payments.
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Avenue Cruise Checking

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Regular Checking

Avenue Cruise Checking

Earn more, pay less, and bank local with Avenue Cruise Checking. When you meet a few simple monthly qualifications, enjoy really high interest on your balance and refunds on ATM fees, nationwide.* At Dearborn Federal Savings Bank, we reward you for banking local.
Details
  • Free checking that pays high interest
  • 00% APY* on balances as much as $20,000
  • 00% to 1.42% APY on balances over $20,000 depending on balance in account*
  • 05% APY* on all balances if qualifications aren’t met
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
  • Link to free Avenue Reserve Savings to build savings automatically
  • No minimum balance to earn rewards
  • No monthly service fee
  • $5 minimum deposit to open

Qualifications to Earn Rewards

Enrollments must be in place and all of the following transactions and activities must post and settle to your Avenue Cruise Checking account during each Monthly Qualification Cycle:
  • At least 12 debit card purchases
  • At least 1 direct deposit, ACH payment, or ACH credit transaction
  • Be enrolled in and agree to receive E-Statements

And if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.

Community Checking

*Avenue Cruise Checking Disclaimer