A bold move by Consumers! Certain to grab customers from the mega-fee banks and competitors.
Quote from website
https://www.myconsumers.org/en/pe...ecking.aspTired of big-bank “bait and switch” teaser rates? Try CCU’s FREE Rewards Checking account, GUARANTEED 4.09% Annual Percent Yield (APY) rate through June 30, 2012! And don’t worry about paying ATM fees* or any administrative fees. There are NO fees . . . and we refund fees from other banks’ ATMs when you meet your Rewards Checking Requirements.* Here is a complete recap on the rate tiers:
4.09% APY* for deposits up to $10,000.00 for Members meeting the qualification requirements
0.56% APY* for balances between $10,000.01 and $25,000.00 for Members meeting the qualification requirements
0.35% APY* for balances in excess of $25,000.00 for Members meeting the qualification requirements
0.01% APY* for Member who do not meet the qualification requirements
Check out these other great benefits from Free Rewards Checking:
NO minimum balance required
NO ATM fees
FREE VISA Debit Card*
FREE mobile banking
FREE online banking and bill payment
FREE electronic statements
Unlimited check-writing privileges
Qualified Members receive Overdraft Privilege, a helpful resource that covers your overdrawn checks and provides you the peace of mind you should expect from a responsive credit union (fees apply)
Anyone can take advantage of these valuable perks, including new Members. Consumers Credit Union only asks that you help us operate more efficiently by banking in ways that likely are already familiar to you.
Complete at least 12 Debit/Check Card Point-of-Sale purchases
(transactions must be made without using your Personal Identification
Number, or PIN, to count towards the minimum of 12 and must post
and clear your account on or before the last day of the calendar month)
Each calendar month, one direct deposit OR one ACH debit OR pay
one bill when using Consumers Credit Union’s free online bill payment
system, must post and clear your account on or before the last day of
the calendar month
Access Online Banking at least once each calendar month
Receive Electronic Statements (enroll and accept the disclosure)
Even if you don’t meet all four requirements, you’re still rewarded with free online banking and free online bill payment. And although you won’t receive ATM refunds, Consumers Credit Union will pay you 0.01% APY*.
So let the convenience of Free Rewards Checking benefit you. It’s part of our commitment to helping you achieve your financial potential.
What happens if I don't meet the four requirements listed above?
You will still enjoy free checking with free Online Banking and free Online Bill Payment. You won't earn ATM refunds, but CCU will pay 0.01% APY* dividend (interest) in such cases! With Free Rewards Checking, you get the benefits of free checking with the opportunity to earn higher dividends.
Who can take advantage of Free Rewards Checking?
Anyone - even if you already have another checking account with CCU! New Members, existing Members, friends and family are all welcome to join and enroll in Free Rewards Checking!
With Free Rewards Checking, you can't lose!
To apply online, please click here. To view the terms and conditions, please click here.
* Rate rewards and ATM Fee reimbursements are provided only if qualifications are met within the monthly qualification cycle. VISA's Zero Liability covers transactions processed through the VISA networks. To ensure your transactions are covered, sign for your purchases. Rates listed effective 10/01/2011; all rates subject to change without notice.
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