4.00% Reward Checking Account at Market USA Federal Credit Union in MD, MA & SC - Local Only

Market USA FCU is offering a high yield reward checking account called VIP Checking. The account offers the following rates and features if certain monthly requirements are met:

• 4.00% APY on balances up to $50,000
• 0.10% on all amounts above $50,000
• No interest is earned if requirements are not met

The monthly requirements include:

• 12 Visa check card purchases
• One direct deposit of at least $250 of net pay
• Enrolment in Internet Banking and eStatements

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

• No minimum balance requirement
• No monthly service charge
• 8 free monthly transactions at Plus and STAR ATMs (ATM surcharges may apply)
• Access to surcharge-free Co-Op Network ATMs and AllPoint ATMs nationwide

Membership is open to associates, employees and retirees of several companies. Please refer to the credit union's membership page for the full details. Membership requires a minimum balance of $5 in the share savings account.

Branches are located in Laurel and Landover, Maryland, in Maudlin, South Carolina and in Quincy, Massachusetts.

The credit union's ratings for safety and soundness are strong: 5 stars (superior) at BauerFinancial (based on 6/30/09 data) and 4 stars (sound) at Bankrate.com (based on 3/31/09 data). The credit union is federally insured by the NCUA (Charter # 9003).

Thanks to the reader who emailed me info on 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.