Harborstone Credit Union has a high-yield reward checking account called
BreakFree Checking. It offers the following rates and features if certain monthly requirements are met:
- 3.00% APY on balances up to $50,000
- 0.05% on portion of balance over $50,000
- 0.05% base rate if requirements are not met
- Reimbursement of all U.S ATM fees
Note, the rates are listed at the
credit union's rates page. The monthly requirements include:
- 12 Visa debit card purchases
- 2 online Bill Pay transactions
Additional features of the account regardless of the monthly requirements include:
- $25 minimum initial deposit
- No Minimum Balance Requirement
- No Monthly Maintenance Fee
- Free checks
Membership is open to anyone who lives, works, or worships in the state of Washington. Also eligible are all retired U.S. Air Force, Army, Navy, Marine, or Coast Guard personnel living anywhere in the world and all retired civil service employees living anywhere in the world. Please refer to the credit union's
membership qualifications page for more details. At the bottom of this page, there's a link to an online membership application. Membership requires a one-time fee of $5 and a minimum deposit of $25 into the regular savings account.
Branches are located in the Washington cities of Tacoma, Bonney Lake, Fife, Gig Harbor, Lacey, Lakewood, Spanaway, Puyallup and in McChord Air Force Base.
The credit union's ratings for safety and soundness are strong: 4 stars (excellent) at
BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at
Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (
Charter # 66399).
Other Reward Checking AccountsThe 3% APY is a little low, but the $50K cap helps make up for it. 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.
