Friday, March 23, 2012 - 7:48 AM
Reward Checking Account Changes As Of Apr 1, 2012SAC Federal Credit Union
It's not yet on SAC's web site but per an email from them changes are a coming to their reward checking account:
mportant Notice: These Changes will be effective April 1st, 2012
SAC FCU's High Yield Checking rate of 3.01% Annual Percentage Yield will be paid on balances up to $15,000 (Currently up to $25,000). Rate is 0.15% APY on balances over $15,000. 0.10% APY applies to all balances if qualifications are not met.
Qualifications Changes Effective April 1st, 2012:
- High Yield Checking Accounts opened on or after April 1st, 2012 will require a direct deposit to the account to qualify for the 3.01% APY Interest Rate. Accounts opened prior to April 1, 2012 do not require direct deposit.
- Make 12 Debit Card Transactions with net debit card transactions totaling a minimum of $120 per month. Currently there is not a dollar limit requirement on total debit transactions. This will apply to both existing and new accounts.
- Enroll and Receive Electronic Statements (No Change).
1 posts since
Mar 23, 2012
Rep Points: 5
1. Friday, March 23, 2012 - 8:23 AM
In sum, from (3.01%, $25K) to (3.01%, $15K); with additional requirements such as Direct Deposit and a minimum $120 total debit transactions.
1,136 posts since
Jan 16, 2010
Rep Points: 5,036