Workers Credit Union has a reward checking account called Xtreme Checking that pays 3.00% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees (up to $10 per cycle) if the following monthly requirements are met: 1) 12 debit card purchases, 2) one direct deposit or ACH auto debit, and 3) receive electronic statements. If these are not met, the rate falls to 0.10%. There are no monthly fees or minimum balance requirements. The minimum opening balance is $25.
Membership is open to those who reside in Massachusetts or New Hampshire or work for a company that is based in Massachusetts. Please see their Who Can Join page for more details. Membership requires a minimum deposit of $25 in a share savings account.
The credit union is federally insured by the NCUA (Charter # 66479). It has $581.8 million in assets and 63,004 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
Rate History:
03/26/09: 3.00% APY up to $25K; 1.01% over $25K
01/29/09: 3.50% APY up to $25K; 1.25% over $25K
12/26/08: 3.75% APY up to $25K; 1.50% over $25K
05/19/08: 4.51% APY up to $25K
03/25/08: 5.01% APY up to $25K; 3.00% over $25K
