Dedicated to Deposits: Deals, Data, and Discussion

5.11% Reward Checking Account at a Pennsylvania Credit Union (Erie)

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Erie Federal Credit Union
Erie FCU is offering a reward checking account called Dividend +Plus Checking that pays 5.11% APY on balances from $500 to $25,000 (0.10% for above $25K) if the following monthly requirements are met:
  • 15 PIN or signature based debit card purchases
  • $500 average daily balance
  • One bill paid using the Free EZ Bill Pay
  • Activate EZ Money Manager and EZ e-Statements
If these are not met, the rate falls to 0.10% AND there's a $2/month fee. Direct deposit is not required, but with it you're awarded free checks.

This is one of the rare reward checking accounts which has a minimum balance requirement and a monthly fee if you don't meet the requirements.

Membership is open to those who live, work or attend school in Erie County. Please refer to their Become-a-Member Page for more details. Membership requires a minimum $50 Share Savings Account balance.

Branches are located in Erie, PA. The credit union is federally insured by the NCUA (Charter # 1476). It has $252.3 million in assets and 31,429 members.

Thanks to the reader who mentioned this reward checking account in the finding-the-best-deals post.

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.

  Tags: Erie Federal Credit Union, checking account, reward checking account

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Comments
2 Comments.
Comment #1 by Tony Roberts (anonymous) posted on
Tony Roberts
Coulee Bank ( http://www.couleebank.net ) offers an incredible 6.01% APY with their Rewards Checking account. The rate is easy to earn. All you have to do is make 10 check card transactions a month, use e-statements, and do 1 automatic payment a month (they call it ACH). Coulee Bank pays 6.01% on the first $25,000 and 1.01% on anything above that. The best thing about this account besides the rate is it is FREE, you can apply online, and it is from a great bank with real people that answer the phone. And as they like to say, Banking Green has its Rewards. The Rewards Checking account saves paper and preserves our natural resources. No wonder I feel good about recommending this to everyone I know. Check it out. I guarantee you will love it.

1
Comment #2 by 51hh posted on
51hh
$2/month fee if RCA requirements are not met; that is a drag.

1