Texas Bay Area CU is offering a reward checking account called Free Member Advantage Checking that pays 2.75% APY for balances up to $25,000 (0.35% for above) and refunds ATM fees up to $25 per month if the following monthly requirements are met:
- 10 debit card purchases (credit based)
- one ACH debit or credit
- receive eStatements
Membership is open to those who live, work, worship or attend school several communities in the suburbs of Houston including areas within a 10 mile radius of any office. You can also be eligible via Select Employer Groups. Please refer to their Eligibility Page for the full details. Membership requires a minimum $25 balance in the savings account.
The website CheckingFinder has an online application for this reward checking account located here. The first part of the application requires that you select that you meet the above eligibility requirements. The minimum initial deposit for the checking in this application is $50 with a maximum of $100.
Branches are located in Houston and Pasadena, TX. The credit union is federally insured by the NCUA (Charter # 67465). It has $200.1 million in assets and 24,356 members.
Other High Yield Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
11/01/09: 2.75% APY up to $25K
06/01/09: 2.50% APY up to $25K; 0.35% over $25K
04/07/09: 3.01% APY up to $25K; 0.50% over $25K
02/06/09: 4.01% APY up to $25K; 0.75% over $25K
06/13/08: 5.01% APY up to $25K; 1.01% over $25K; 0.10% if requirements not met