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5.01% Reward Checking Account at Ocean Communities FCU in Maine

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Ocean Communities Federal Credit Union

Update 3/04/10: The balance cap has fallen to $10K. Refer to the bottom of the post for the rate history.

Ocean Communities FCU is offering a reward checking account called Ocean Star Checking that pays 5.01% APY on balances up to $10,000 (1.01% for above) and refunds ATM fees nationwide up to $999 per cycle if the following monthly requirements are met:

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

If these are not met, the rate falls to 0.20%. There are no minimum balance requirements and no monthly service fees. Multiple accounts can be opened, but requirements must be met for each account.

Membership is open to people who live or work in most communities in York or Cumberland counties in Maine. Please refer to the credit union's Information Page for more details. Membership requires a minimum balance of $50 in the share savings account.

Branches are located in Biddeford, Kennebunk, Old Orchard Beach, Sanford and York. The credit union is federally insured by the NCUA (Charter # 5890).

Other Rewards 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:

01/31/10: 5.01% APY up to $10K

12/05/08: 5.01% APY up to $25K


  Tags: Ocean Communities Federal Credit Union, Maine, checking account, reward checking account

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Comments
3 Comments.
Comment #1 by Anonymous posted on
Anonymous
The most generous ATM fees refund policy ($999 per cycle) in the entire universe! Might there be a typo, you think?

1
Comment #2 by 51hh posted on
51hh
Dropped to $10,000 limit I heard...

1
Comment #3 by Anonymous posted on
Anonymous
Rate is dropping to 3.51% APY with $10K limit as of 6/1.

1