Monday, September 20, 2010 - 6:42 PMConsumers Credit Union (IL)
A reader reported receiving an email from Consumers Credit Union informing him that they will be reducing the balance cap on its reward checking account from $25K to $10K effective November 1, 2010.
Currently, Consumers CU offers a reward checking that pays 3.09% APY on balances up to $25K and 0.76% for above. They now require 12 debit card purchases that are credit based (not PIN-based).
I'm afraid these $10K caps are becoming more common.
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