3.75% Reward Checking Account at FORUM Credit Union in Indiana

Update 6/07/09: The top rate has fallen to 3.75% APY.

FORUM Credit Union is offering a reward checking account called Interest Rewards Checking that pays 3.75% APY on balances up to $25,000 if the following monthly requirements are met:

• 10 signature based debit card purchases
• one direct deposit of at least $50
• receive e-statements

Additional features of the account regardless of the monthly requirements include:

• No monthly fee
• No minimum balance requirement
• Free Bill Pay
• 8 free non-FORUM ATM transactions per month
• Interest is only paid up to $25,000

Membership is open to residents of several Indiana counties (including most of the Indianapolis metro area). You can also qualify based on select employer groups and family. I wasn't able to find their membership page, but I did find this Q&A page with some more details. Membership requires a minimum deposit of $5 into a savings account.

Branches are located in Indianapolis, Avon, Fishers, Noblesville, and Carmel. The credit union is federally insured by the NCUA (Charter # 68248).

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:
06/01/09: 3.75% APY up to $25K
05/07/09: 4.05% APY up to $25K
04/14/09: 4.25% APY up to $25K

Tags: Indiana, FORUM Credit Union, checking account, reward checking account