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E-Checking Rewards Accounts - Sold Out

Tuesday, April 5, 2011 - 5:52 PMChartway Federal Credit Union
As of last Friday.  This applies to e-savings accounts too.  Old accounts are grandfathered.
5
mariafaltermariafalter57 posts since
Jun 6, 2010
Rep Points: 222
1. Tuesday, April 5, 2011 - 9:58 PM
What is their current rate/limit (reward checking)?
1
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
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
4
mariafaltermariafalter57 posts since
Jun 6, 2010
Rep Points: 222
3. Wednesday, April 6, 2011 - 7:05 AM
Thanks, I saw Ken's post; but was wondering whether there was a change/update.
1
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,426
4. Wednesday, April 6, 2011 - 9:34 AM
Not yet.
1
mariafaltermariafalter57 posts since
Jun 6, 2010
Rep Points: 222
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...
1
moneysavermoneysaver29 posts since
Jan 8, 2011
Rep Points: 249
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