- 5.01% APY on balances up to $10,000
- For portion of balance over $10,000, the rate is the default current rate of the respective checking account
- If requirements are not met, account will earn the default current rate of the respective checking account
- 15 debit card purchases
- 1 direct deposit
- Receive e-statements
The credit union's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 24358).
Thanks to the reader who emailed me info on this reward checking account.
Other Reward Checking Accounts
The 5.01% yield is rare these days for reward checking, but the $10K cap is a downside. On the plus side, the low cap should make it easier for the credit union to maintain the high rate.
To find reward checking accounts in other areas of the nation, please refer to the reward checking section of DepositAccounts.com. To learn more about reward checking, please refer to this reward checking overview.