E-Checking Rewards Accounts - Sold Out

Chartway Federal Credit Union (0 stars) - Details

As of last Friday. This applies to e-savings accounts too. Old accounts are grandfathered.

mariafalter57 posts since
Jun 6, 2010
Rep Points: 220

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This post applies to the following states: AR,FL,GA,NC,NJ,OH,RI,TX,UT,VA.

Quick
Summary

1. Tuesday, April 5, 2011 - 9:58 PM

What is their current rate/limit (reward checking)?

51hh623 posts since
Jan 16, 2010
Rep Points: 3,066

2. Tuesday, April 5, 2011 - 10:31 PM

It's very unusual. No interest is earned on the first $5,000, 5% - on the portion from $5,000 to $20,000, which results in 3.84% interest for a $20,000 balance. 1% interest is earned on balance above $20,000. Ken described e-checking and e-saving accounts in his post:

http://www.depositaccounts.com/bl...ership.htm

mariafalter57 posts since
Jun 6, 2010
Rep Points: 220

3. Wednesday, April 6, 2011 - 7:05 AM

Thanks, I saw Ken's post; but was wondering whether there was a change/update.

51hh623 posts since
Jan 16, 2010
Rep Points: 3,066

4. Wednesday, April 6, 2011 - 9:34 AM

Not yet.

mariafalter57 posts since
Jun 6, 2010
Rep Points: 220

5. Monday, April 11, 2011 - 12:17 AM

By "Sold Out", I presume the OP means Chartway is no longer offering either the EChecking or ESavings as new accounts...

In looking at their web site, I see absolutely no mention of either, as of today....

That's too bad because, based on residence, I could have qualified. But I don't recall ever hearing about this CU before, at least as being available in the state where I live...

moneysaver16 posts since
Jan 8, 2011
Rep Points: 137