Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Connexus Credit Union1.75%-$25kXtraordinary Checking
Connexus Credit Union1.35%-$25kMyRewards Checking
Accounts mentioned in this post. Rates as of July 30, 2014

High-Yield Reward Checking Account at Connexus Credit Union - Nationally Available

POSTED ON BY

Connexus Credit Union

Update 2/1/2011: The top rate has fallen to 2.30% APY.

Connexus Credit Union has a reward checking called Xtraordinary Checking that pays 2.30% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees of up to $25 per month if the following monthly requirements are met:

  • 15 signature-based check card purchases
  • one automatic deposit
  • one third party online bill payment
  • receive electronic statements

If these are not met, the rate falls to 0.25%. There are no minimum balance requirements and no monthly service charges.

I was told by the credit union that anyone can apply through CheckingFinder. This credit union shows up on CheckingFinder when you search with any zip code. Here's the CheckingFinder page with the details about this Xtraordinary Checking Account. Update 1/26/09: The credit union now has the Xtraordinary Checking Account listed on its website with an online application.

Since it is a credit union, you have to qualify for membership. Here are the instructions at CheckingFinder regarding the membership requirements and the initial deposits:

$50 deposit of which $5.00 will be deposited in your savings account and $5.00 will be a donation made to the Connexus Association with the remaining $40 in your checking.


I first reported on Connexus Credit Union's reward checking account in April of 2007. At that time, the top yield was 6.01% APY. In the last year this has fallen. The rate is currently 2.00% APY as listed at the Connexus website as of 2/1/2011. The account is called MyRewards Checking. The only advantage this has over the Xtraordinary Checking is a lower debit card usage requirement (10 rather than 15) and no online bill pay requirement.

The credit union is based in Wausau, Wisconsin. It is federally insured by the NCUA (Charter # 66538).

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.

Edit 1/26/09: Updated post based on credit union's new page for the Xtraordinary Checking with new online bill pay requirement.

Rate History:

  • 12/01/10: 2.30% APY up to $25K (Xtraordinary) / 2.00% up to $25K (MyRewards)
  • 08/12/10: 2.55% APY up to $25K (Xtraordinary) / 2.25% up to $25K (MyRewards)
  • 04/01/10: 3.05% APY up to $25K (Xtraordinary) / 2.65% up to $25K (MyRewards)
  • 11/01/09: 3.25% APY up to $25K (Xtraordinary)
  • 09/05/09: 3.65% APY up to $25K (Xtraordinary) / 3.00% APY up to $25K; 0.50% over; 0.25% base (MyRewards)
  • 05/01/09: 4.15% APY up to $25K; 0.50% over; 0.25% base
  • 08/13/08: 5.15% APY up to $25K; 0.75% over; 0.50% base


Edit 7/11/09: Updated MyRewards Checking info and URL: 3.21% APY up to $25K
Edit 6/14/09: Updated checking URL


  Tags: Wisconsin, Connexus Credit Union, checking account, reward checking account

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Comments
10 Comments.
Comment #1 by Anonymous posted on
Anonymous
Connexus has redone their website and now displays Xtraordinary Checking with its features & requirements. Direct deposit gone, bill pay in.
MyRewards Checking still there and looks the same.

1
Comment #2 by Anonymous posted on
Anonymous
Connexus has added Xtraordinary Checking to their website. As mentioned above the only difference between it and MyRewards is it requires requires 1 Bill Pay transaction a month and 15 signature-based check card purchases a month. It STILL requires Direct Deposit. In addition their rate is one of the highest I have found online.

1
Comment #3 by Anonymous posted on
Anonymous
Top yield has fallen to 3.51% APY.

1
Comment #4 by Anonymous posted on
Anonymous
Oops! I swear, it was 3.51% at the time I looked!!!

1
Comment #5 by Seth Dallob (anonymous) posted on
Seth Dallob
Rate has fallen 5/1 to 4.15%.

1
Comment #6 by Anonymous posted on
Anonymous
Rate has fallen to 3.21% APY. Other rates remain same.

1
Comment #7 by Banking Guy (anonymous) posted on
Banking Guy
It appears the 3.21% applies to the MyReward Checking rather than the Xtraordinary Checking. I've updated the checking URL to point to the Xtraordinary Checking page.

1
Comment #8 by Seth Dallob (anonymous) posted on
Seth Dallob
Rate has fallen to 3.65% - booo.

1
Comment #9 by Anonymous posted on
Anonymous
3.00% APY.

1
Comment #10 by Anonymous posted on
Anonymous
Please ignore previous post, confusing reward checking account. Rate still 3.65% APY. Sorry.

1