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Consumers Credit Union Cutting Reward Checking Rate in April

Wednesday, March 31, 2010 - 8:15 AMConsumers Credit Union (IL)
A reader forwarded me an email she received from Consumers Credit Union informing customers that the top rate will be falling to 3.59% APY for up to $25K effective April 1, 2010. It had been 4.09% APY since January 2009. Here's an excerpt of the email:
In light of continuing drop in interest rates since we implemented the current rate, it's in the best interests of our Membership to change the rate on Rewards Checking. Effective Thursday, April 1, 2010, the new rate on Rewards Checking will be 3.59% APY for balances up to $25,000.00, and 0.76% APY for balances above $25,000.00, if you meet the Rewards Checking requirements. For Members who don't meet the requirements, the rate remains unchanged at 0.05% APY.
Refer to my account review for more details and the rate history of this reward checking account.

Hat tip to the reader for the email.
2
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,664
1. Wednesday, March 31, 2010 - 10:50 AM
Despite this, I'm moving my money to Consumers from First New England due to FNE's treatment of me since I'm not in a relationship (i.e. debt) with them.
1
AnonymousAnonymous2,281 posts since
May 9, 2010
Rep Points: 3,784
2. Wednesday, April 7, 2010 - 2:42 PM
well i've been treated very well at CCU

 

not the best web interface, but most smaller banks and credit unions suffer from that
1
AnonymousAnonymous2,281 posts since
May 9, 2010
Rep Points: 3,784
3. Sunday, February 13, 2011 - 11:46 AM
"In light of continuing drop in interest rates" Interest rates are going up.
2
schris413schris4138 posts since
Sep 29, 2010
Rep Points: 38
4. Sunday, February 13, 2011 - 5:17 PM
No idea why this thread got resurrected to add some confusion?
1
51hh51hh1,460 posts since
Jan 16, 2010
Rep Points: 6,348
5. Sunday, February 13, 2011 - 5:38 PM
My mistake. I should have looked at the year.
2
schris413schris4138 posts since
Sep 29, 2010
Rep Points: 38
6. Sunday, March 20, 2011 - 2:13 PM
Looking to open a Rewards Account at Consumers Credit Union and looking for someone that would like to make $50 on the Refer a Friend...

Don't all jump at once ;)    I figure it will make it worth putting in the $5 for opening and $5 in savings...
1
telephonytelephony1 posts since
Mar 20, 2011
Rep Points: 1
7. Thursday, March 24, 2011 - 11:52 PM
Got me confused. thought change was this year!
1
hayhayhaydayhayhayhayday1 posts since
Mar 24, 2011
Rep Points: 1
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