Update 7/21/11: The rate has fallen to 2.50% APY with a balance cap of $20,000.
TwinStar Credit Union is offering a new relationship checking account called the Accelerator Checking. You can earn 2.50% APY for balances up to $20K when certain requirements are met; the main requirement is using your debit card 12 times per month. The others are easy and include signing up for e-statements and access online banking at least once a month. Other nice features of this account include refunds on any ATM surcharges and free online Bill Payer.
Field of membership includes those who work or reside in any of the following Washington state counties: Thurston, Lewis, Grays Harbor, Clark, Pierce, Whatcom, Snohomish, Mason, Cowlitz, Pacific, Wahkiakum, Kittitas, Kitsap, and King. See site for other ways to qualify. Branches are located in several Washington cities including Vancouver, Tacoma and Olympia.
The credit union is federally insured by the NCUA. It has $544.7 million in assets and 71,473 members.
06/01/11: 2.50% APY up to $20K; 0.25% over; 0.10% base
11/13/10: 2.75% APY05/01/09: 3.00% APY
06/05/08: 4.00% APY
03/31/08: 4.25% APY
10/25/07: 4.75% APY up to $30K; 0.50% over
03/04/07: 6.00% APY with no balance cap