Reward Checking Rate Increase at Appalachian Community FCU in VA & TN

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When I noticed the rate had increased on this reward checking account, I thought it might be combined with a reduction in the balance cap. However, that's not the case. The rate went up without a cut in the balance cap. It's at Appalachian Community Federal Credit Union, and its reward checking account is called Super Yield Checking. Last week the yield increased by 77 basis points to 3.04% APY for balances of $500 to $25,000 (1.01% APY for portion of balances over $25,000). These rates are listed in the credit union's rates page as of 6/25/2012. To qualify for these rates, the following monthly requirements must be met:

  • 10 signature-based Visa check card purchases
  • Direct Deposit
  • e-Statements only
  • Check Free (Bill Payer)
  • No more than 5 written checks per month

ATM foreign transaction fees are waived up to $30 each month. More details are listed in this Fall 2011 credit union newsletter.

Credit union membership is open to those who live, work, worship or attend school in one of the following Tennessee or Virginia counties: Carter, Hawkins, Sullivan, Unicoi and Washington in TN and Scott, Washington and Wise in VA. Please refer to the credit union membership eligibility page for the full details.

Appalachian Community FCU branches are located in the cities of Kingsport, Johnson City, Rogersville, and Norton.

The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 9.54% (above average) based on March 2012 data. Please refer to our financial overview of Appalachian Community Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 24495).

How This Reward Checking Compares

Reward checking accounts with yields of at least 3% for balances up to $25K have become difficult to find. For reward checking accounts that are available nationwide, the best yield for balances up to $25K is 2.52% APY at ABCO Federal Credit Union. This rate is accurate as of 6/25/2012.

To find the highest reward checking rates in your area, please refer to our reward checking rate table. This can also be used to find accounts available nationwide. If you're new to these tables, my rate table guide should be useful.

If you're new to reward checking, my blog post, 10 Common Traits of High-Yield Reward Checking, should be useful.

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