- 3.51% APY on balances up to $10,000
- 1.01% APY on portion of balance over $10,000
- Reimburses up to $25 in ATM fees nationwide per month
The monthly requirements include:
- 12 debit card purchases
- 1 Automatic Payment or Direct Deposit transfer
- Receive electronic statements
Additional features of the account regardless of the monthly requirements include:
- $50 minimum initial deposit
- No minimum balance requirement
- No monthly maintenance fee
- Free Bill Pay
This account doesn't seem to be listed at the credit union's website. However, it's listed at the Kasasa website for all zip codes. Kasasa website is run by BancVue and FIRST ROI which are the main companies behind the reward checking account. The online application link at Aspire's Kasasa page points to the Andera service which is common for online applications. From here you can join the credit union and open the Kasasa account.
As with any credit union, you have to be eligible to join. According to Aspire's eligibility page, "If you are applying online, choose the organization you are interested in joining from the drop down list and continue with your membership application." Refer to the eligibility page for the full details. Credit union membership requires a minimum balance of $5 in the share savings account.
Aspire FCU used to be FAA Eastern Region Federal Credit Union. Consequently, some of their branches are in FAA facilities that are not open to the public. Branches are located in New York, New Jersey, Virginia and New Hampshire.
The credit union's ratings for safety and soundness are above average: 4 stars (excellent) 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 # 5800).
Other Reward Checking Accounts
For reward checking accounts with $25K caps, 3.50% is becoming the average. Hopefully, Aspire will be able to keep this rate for the long term.
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.
- 01/13/11: 3.51% APY up to $10K (not sure when cap changed)
- 01/15/10: 3.51% APY up to $25K; 1.01% over