3.27% Reward Checking Account at City-County Federal Credit Union in Minnesota

Update 5/03/09: The top rate has fallen to 3.27% APY. Refer to the bottom of the post for the rate history.

City-County Federal CU is offering a reward checking account that pays 3.27% APY on balances up to $25,000 (0.75% for above) and refunds ATM fees up to $20 per cycle if the following monthly requirements are met:

• 12 debit card purchases
• one direct deposit, ACH debit or bill pay
• receive electronic statements

If these are not met, the rate falls to 0.10%. The minimum initial deposit is $50. There are no monthly service fees.

Membership is open to those who live, work, worship or attend school in one of the following Minnesota counties: Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington. Please see the credit union's Membership Page for more details. There's a $5 membership fee.

Branches are located in Minneapolis, Brooklyn Center, Bloomington and Minnetonka. The credit union is federally insured by the NCUA (Charter # 24359).

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.

Rate History:
05/01/09: 3.27% APY up to $25K; 0.75% over
02/02/09: 4.17% APY up to $25K; all else is the same
09/14/08: 4.52% APY up to $25K; 1.01% over $25K; 0.10% if requirements not met

Tags: Minnesota, City-County Federal Credit Union, checking account, reward checking account