Dedicated to Deposits: Deals, Data, and Discussion

3.50% Reward Checking Account at Heritage Credit Union in IL and WI

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Update 10/24/09: The top yield has fallen to 3.50% APY. Refer to the bottom of the post for the rate history.

Heritage Credit Union is offering a reward checking account called Go Go Green Checking. It pays 3.50% APY on balances up to $25,000 (0.50% for above) if the following monthly requirements are met:
  • 10 debit card purchases
  • one direct deposit
  • receive e-statements
If these are not met, the rate falls to 0.25%. There are no minimum balance requirements and no monthly service fees.

The credit union doesn't have many details regarding membership eligibility. The About Us - Membership Page only instructs potential new members to visit a Wisconsin or Illinois branch. I emailed the credit union for additional details. Here's part of the reply I received:
In order to join Heritage Credit Union, you must be a resident of or work in Dane or Columbia County Wisconsin. Now that is just for this Branch here in Madison. If you are interested in our Illinois Branches then you could call them and ask what their requirements are.

Membership requires a minimum balance of $25 in the share savings account.

The credit union is federally insured by the NCUA (Charter # 68385).

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:
10/15/09: 3.50% APY for up to $25K
05/07/09: 3.75% APY for up to $25K
04/09/09: 4.25% APY for up to $25K
03/04/09: 4.50% APY for up to $25K
01/09/09: 4.75% APY for up to $25K
10/26/08: 5.00% APY for up to $25K; 0.50% for above; 0.25% if req's are not met

  Tags: Illinois, Heritage Credit Union, Wisconsin, checking account, reward checking account

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Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
As of 1/8/09 the top rate has fallen to 4.75% APY. Other rates remain same.

1
Comment #2 by Anonymous posted on
Anonymous
As of 3/4/09 the top rate has fallen to 4.50% APY. Other rates remain same.

1
Comment #3 by Anonymous posted on
Anonymous
As of 4/9/09 the top rate has fallen to 4.25%. Other rates remain same.

1