Update 4/04/10: The top rate has fallen to 4.25% APY. Refer to the bottom of the post for the rate history.
River Valley Credit Union is offering a reward checking called free High-Interest Checking. The account offers the following rates and features if certain monthly requirements are met:
- 4.25% APY on balances up to $25,000
- 1.00% APY on the portion of the balance over $25,000
- 0.15% base rate if qualifications are not met
- ATM fee refunds
The monthly requirements include:
- 12 debit card purchases
- 1 direct deposit
- receive e-Statements
Additional features of the account regardless of the monthly requirements include:
- No minimum balance requirement
- No monthly service charge
Membership is open to anyone who lives, works, worships or attends school in any of the following Ohio counties: Butler, Greene, Montgomery or Warren. Refer to the credit union's membership page for the full details.
Branches are located in Miamisburg, Dayton, Beavercreek, Springboro and Middletown, Ohio. The credit union is federally insured by the NCUA (Charter # 68475).
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.
04/01/10: 4.25% APY
06/07/09: 4.50% APY for up to $25K