Dedicated to Deposits: Deals, Data, and Discussion
R.I.A. Federal Credit Union2.00%-$5kSmart Checking
Accounts mentioned in this post. Rates as of August 21, 2014

High-Yield Reward Checking Account at R.I.A FCU in IA, IL & WI


R.I.A. Federal Credit Union

R.I.A. Federal Credit Union is offering a reward checking account called Smart Checking. The account offers the following features if certain monthly requirements are met:

  • 3.01% APY on balances up to $25,000
  • 0.25% APY on balances over $25,000
  • 0.10% base rate if qualifications are not met
  • ATM fees nationwide refunded up to $25 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • one direct deposit or automatic payment
  • receive e-statements

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

  • Minimum $25 opening balance
  • No minimum balance requirement
  • No monthly service fees
  • Multiple accounts can be opened, but requirements for each must be met to receive the top rate

Credit union membership is open to those who live or work in Scott, Muscatine, Rock Island and surrounding counties in Iowa and Illinois. Also eligible are those who live or work in Monroe and parts of Juneau counties in Wisconsin. Please refer to the credit union's membership section for the full details. Membership requires a minimum balance of $5 in the share savings account.

Branches are located in the Illinois cities of Rock Island, Moline, Milan and Savanna, in the Iowa cities of Betterndorf, Wilton and Davenport, and in the Wisconsin cities of Fort McCoy and Tomah.

The credit union is federally insured by the NCUA (Charter # 17117).

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.

Edit 4/18/09: Corrected Milan as an Illinois city.

Rate History:

  • 08/31/10: 3.01% APY up to $25K; 0.25% over; 0.10% base
  • 01/30/10: 4.01% APY up to $25K
  • 04/06/09: 5.01% APY up to $25K; 1.01% over; 0.10% base

  Tags: Illinois, Iowa, Wisconsin, R.I.A. Federal Credit Union, checking account, reward checking account

Related Posts

Comment #1 by bank deals (anonymous) posted on
bank deals
very good rate but only up to 25k and local in three states. still good find!

Comment #2 by Sam (anonymous) posted on
Just as a point of order: Milan is in Illinois, not Iowa.

Comment #3 by 51hh posted on
Rate dropped to 4.01%.