3.51% Reward Checking Account at New Horizons Credit Union in Alabama

Update 1/10/10: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.

New Horizons Credit Union is offering a reward checking account called Ultimate Checking. It pays 3.51% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees up to $25 per cycle nationwide if the following monthly requirements are met:

• 12 check card purchases
• one direct deposit or automatic payment
• receive electronic statements

If these are not met, the rate falls to 0.10%. There is no minimum deposit to open the account. Also, there are no monthly service charges.

Membership is open to those who live, work or attend school in Mobile, Baldwin, Washington, Clarke, Monroe or Escambia County, Alabama. Please refer to the credit union's Membership Page for more details. Membership requires a minimum balance of $25 in the regular savings account.

Branches are located in Mobile and in nearby cities of Semmes, Prichard, Theodore and Daphne. New Horizons Credit Union is federally insured by the NCUA (Charter # 60799).

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:
12/31/09: 3.51% APY up to $25K; 1.01% over; 0.10% base rate
10/01/09: 4.50% APY up to $25K
11/20/08: 5.51% APY up to $25K; 1.01% over; 0.35% base rate

Tags: Alabama, New Horizons Credit Union, checking account, reward checking account