I first reported on NARFE Premier Federal Credit Union and its rewards checking account in March 2010. The reward checking account is one of the few that hasn't had a rate cut in the last year. As of 2/21/2011, the top rate is 4.01% APY on balances up to $25K. I have more details in my account review..
One thing I thought was worth repeating was its field of membership. All active and retired federal employees are eligible to join. Please refer to the membership eligibility page for the full details.
It's a small credit union with two branches in Alexandria and King George, Virginia. The credit union is part of the Share Service Center Network which allows you to perform many banking transactions at branches of other credit unions which are part of this network.
The credit union has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 8.05% (excellent) based on September 2010 data. Please refer to our financial overview of NARFE Premier Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 233).
Other High-Yield Reward Checking Accounts
To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.