Update 10/25/2010: The top yield has fallen to 2.00%. Refer to the bottom of the post for the rate history.
Dade County Federal Credit Union has a reward checking account called MoneyMaker Checking which pays 2.00% APY on balances up to $5,000 and refunds ATM fees (up to $25) if the following monthly requirements are met: 1) 12 check card signature-based purchases, 2) one direct deposit or ACH auto debit, and 3) enroll and receive electronic statements. If these are not met, the rate falls to 0.15%.
Membership is open to anyone who lives, works, worships or attends school in Miami-Dade County. Please refer to their Who-Can-Join page for the full details.
Branches are located in Miami and North Miami Beach, FL. The credit union is federally insured by the NCUA (Charter # 24508). It has $401.1 million in assets and 79,577 members.
Other High Yield Reward Checking Accounts
For other reward checking accounts and for more information on these accounts, please refer to the following posts:
- reward checking overview
- reward checking accounts available nationwide
- reward checking accounts around the nation
- 06/06/12: 2.00% APY for up to $5K (not sure when the cap went down)
- 04/30/10: 2.00% APY for up to $20K (not sure when cap went down)
- 02/01/10: 2.50% APY
- 01/01/10: 3.25% APY
- 06/02/09: 4.10% APY
- 03/04/09: 4.50% APY
- 12/01/08: 5.15% APY
- 02/28/08: 6.15% APY for up to $25K (initial post)