Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Union Square Credit Union2.51%-$15kPremier Checking
Union Square Credit Union0.05%--Premier Checking
Accounts mentioned in this post. Rates as of August 30, 2014

High-Yield Reward Checking Account at Union Square Federal Credit Union in Northern Texas - Local Only

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Union Square Credit Union

When I was reviewing the best reward checking accounts in Houston and in Texas, a reader noted Union Square Federal Credit Union. Even though it's not available for all Texans, its reward checking account does offer the highest rate in Texas. The account is called Premier Checking, and it has the following rates and features if certain monthly requirements are met (as of 4/21/2011):

  • 4.51% APY for balances up to $25,000
  • 1.01% APY for portion of balance over $25,000
  • 0.10% base rate if requirements are not met
  • ATM fees reimbursed nationwide up to $25 per month or $5 per item

Monthly requirements include:

  • 12 MasterCard debit card purchases
  • 1 Direct Deposit or electronic/ACH payment
  • Access online banking
  • Electronic Statements

There are no monthly fees or minimum balance regardless if the above requirements are met. Minimum initial deposit is $100.

Membership

Unfortunately, not too many Texas residents will be eligible for this account. Membership is primarily limited to those who live or work in Wichita County, Texas. Please refer to the credit union membership page for the full details.

Credit Union Overview

Union Square Credit Union branches are located in Wichita Falls, Burkburnett and Sheppard AFB.

The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 3.93% (excellent) based on December 2010 data. Please refer to our financial overview of Union Square Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 11633).

Best Reward Checking Accounts in Texas and Nationwide

This is currently the best reward checking account in Texas. You can see the list in our Texas Reward Checking Rates table. I reviewed a few of the top Houston and Texas reward checking accounts on Tuesday.

For nationally available reward checking accounts, Danversbank is now the only one to offer at least a 3 percent yield for balances up to $25K (3.01% APY as of 4/21/2011).

To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.


Related Pages: Union Square Credit Union, checking account, Texas

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Comments
6 Comments.
Comment #1 by Anonymous posted on
Anonymous
One wonders why of all the states, Texas has the highest rates??

1
Comment #2 by Ivan posted on
Ivan
Biggest egos.

1
Comment #3 by Anonymous posted on
Anonymous
LOL, Ivan I'd have to agree

1
Comment #4 by Anonymous posted on
Anonymous
I have this account and it's great!  I make more in interest here than in my savings and CD together!

1
Comment #5 by 51hh posted on
51hh
Long gone.

1
Comment #6 by pearlbrown posted on
pearlbrown
It's gone at 4.51%/$25K but it's still available at 3.51%/$15K.

1