Dedicated to Deposits: Deals, Data, and Discussion

High-Yield Reward Checking Account at a Missouri CU (First Community)


First Community Credit Union (ND)

Update 8/31/10: The top rate has fallen to 2.51% APY. Refer to the bottom of the post for the rate history.

First Community Credit Union has a reward checking account called First Rate Checking that pays 2.51% APY on balances up to $25,000 (0.35% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met:

  • 12 debit card point of sale transactions
  • one direct deposit or ACH debit/credit
  • receive eStatements and maintain a valid email address

If these are not met, the rate falls to 0.25%. The minimum initial deposit is $50. There are no monthly maintenance fees. The first 50 checks are free.

Membership is open to those who live or work in one of the following Missouri counties: St. Louis, Franklin, Jefferson, St. Charles, Warren, or in one of the following Illinois counties: Madison, Monroe, St. Clair. Please refer to their Membership Information page for more details.

Branches are located in the St. Louis metro area. The credit union is federally insured by the NCUA (Charter # 67619). It has $1.2 billion in assets and 149,833 members.

For other high yield reward checking accounts and to learn more about these accounts, please refer to my High Yield Checking website.

Edit 1/29/09: Updated credit union URLs.

Rate History:

  • 12/01/10: 2.51% APY up to $25K; 0.35% over
  • 08/31/10: 2.51% APY up to $25K
  • 03/30/10: 3.01% APY up to $25K
  • 07/01/09: 4.01% APY up to $25K
  • 05/02/08: 5.01% APY up to $25K; 1.01% over; 0.25% base

  Tags: Illinois, First Community Credit Union (ND), Missouri, checking account, reward checking account

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Comment #1 by Jo (anonymous) posted on
This is a great credit union. The customer service at the branch in the town of Fairview Hgts, IL is exemplary; I would highly recommend it to anyone who lives nearby.

It's too bad I will be moving out of state, and yes, I know I can remain as a member there, but I like having at least one brick and mortar that I can go in and have a safe deposit box at, among other things.

This got a rating of 4 stars out of 5. It's nice knowing that I chose rather well.

Comment #2 by Anonymous posted on
Website URL change? -- update both links.

Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
Yup, there's been a website change. It's the danger of deep linking. Links have now been updated. Thanks.

Comment #4 by Anonymous posted on
As of July 1, 2009 the top yield is scheduled to drop to 4.01%.

Comment #5 by Anonymous posted on
I love First Community Credit Union!   They have a fantastic location with excellent member service located in the new Wal-Mart at Manchester and 141!  The most helpful staff I have ever worked with!