High-Yield Reward Checking Account at Mutual First Federal Credit Union in Nebraska - Local Only

Update 10/12/2010: The top rate increased from 4.01% to 4.15% APY, but the balance cap fell from $25K to $15K.

Mutual First Federal Credit Union is offering a rewards checking account with the following rates and features if certain monthly requirements are met:

• 4.15% APY on balances up to $15,000
• 0.50% APY on the portion of the balance over $15,000
• 0.10% base rate if qualifications are not met
• ATM fee refunds nationwide without limit

The monthly requirements include:

• 12 debit card purchases
• 1 direct deposit or ACH debit
• Receive e-statements

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

• $100 minimum opening deposit
• No minimum balance requirement
• No monthly service charge

Credit union membership is open to those who live, work, worship or attend school in the Omaha metro area. Please refer to the credit union's membership page for the full details.

The credit union is federally insured by the NCUA (Charter # 24540).

Thanks to the reader who emailed me news of this reward checking account.

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:

• 10/01/10: 4.15% APY up to $15K; 0.50% over; 0.10% base
• 06/24/09: 4.01% APY up to $25K; 1.01% over; 0.10% base