Addison Avenue FCU is offering a reward checking account that pays 3.01% APY on balances up to $25,000 (1.01% for above) and provides unlimited nationwide ATM refunds if the following monthly requirements are met:
- 12 debit card purchases
- one direct deposit or recurring monthly debit
- receive electronic statements
Credit union membership is open to members of the Financial Fitness Association (FFA). Anyone is eligible to join FFA. The membership cost is $5, and the application can be done online and paid with PayPal.
Credit union membership is also open to many select employee groups including employees of Hewlett Packard. For more details please refer to the credit union's Membership Eligibility Page. Membership requires a minimum balance of $5 in the Share Savings Account. An online membership application is available.
Since the credit union started as the credit union for HP employees, it has branches located in several parts of the country including Puerto Rico, Georgia, Massachusetts, Idaho, Colorado, Oregon, California, Texas, Washington State and Delaware.
With $2.1 billion in assets and 142,958 members, Addison Avenue FCU might be the largest credit union to offer a reward checking account. The next largest that I'm aware of is Provident Credit Union which has about $1.5 billion in assets (see post). Addison Avenue FCU is federally insured by the NCUA (Charter # 19976).
Thanks to the reader who mentioned this reward checking in the Finding the Best Deals post.
Other 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.
01/01/10: 3.01% APY
08/01/09: 3.51% APY up to $25K; 1.01% over; 0.05% base
05/03/09: 3.51% APY
01/01/09: 4.04% APY
11/01/08: 4.50% APY
07/10/08: 5.25% APY up to $25K; 1.01% over; 0.10% base