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3.01% Reward Checking Account at a Texas CU (United Heritage)

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United Heritage Credit Union

Update 6/27/10: The balance cap has fallen to $10K for new accounts, and the debit card usage requirement  has increased from 10 to 15.

United Heritage Credit Union is offering a reward checking account called Heritage Checking that pays 3.01% APY on balances up to $10K (1.01% on portions over $10K). It also offers automatic ATM reimbursements. The 3.01% and ATM refunds require the typical monthly reward checking conditions: 15 debit card transactions, direct deposit or auto debit ACH and receiving eStatements. Regardless of these conditions, there are no minimum balance requirements or monthly fees. Also, there is no minimum opening balance requirement.

Update 4/08/09: The number of accounts allowed is now limited to 3 per member.

Field of membership includes those who live, work or attend school in Travis, Williamson, Bastrop, Caldwell, Hays, Smith or Wood County, Texas. You can also be eligible via family or select employer groups. See site for details. Membership requires a minimum deposit of $1 into the savings account.

Branches are located in Austin, Cedar Park, Georgetown and Round Rock in Central Texas and in Tyler in Northeast Texas. The credit union is federally insured by the NCUA (Charter # 68251). It has $481.5 million in assets and 50,024 members.

For a list of similar reward checking accounts in other parts of the country, please refer to my best checking account post. Thanks to the reader Nabil who mentioned this new checking account in the finding deals post.

Edit 10/06/07: The Board of Directors of United Heritage Credit Union has reduced the par share value required for membership from $25 to $1 and eliminated the $2 membership fee.

Rate History:
05/03/10: 3.01% APY up to $10K with 15 debit card purchases (new accounts only)
07/01/09: 3.01% APY
04/01/09: 4.01% APY, accounts limited to 3 per member
02/10/09: Credit union suspended opening new accounts.
11/01/08: 5.01% APY
06/02/07: 6.01% APY up to $25K with 10 debit card purchases


  Tags: United Heritage Credit Union, Texas, checking account, reward checking account

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