Carter Federal Credit Union (LA/AR) Offers "Beyond Rewards" RCA

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Availability: Residents of the Louisiana Parishes of Bienville, Bossier, Caddo, Claiborne, DeSoto, Red River, and Webster, and the Arkansas counties of Columbia and Lafayette.

Carter Federal Credit Union’s (Carter FCU) Beyond Rewards Checking account currently earns 2.50% APY on qualifying balances up to $10k; qualifying balances over $10k currently earn 0.51% APY. Non-qualifying balances are not eligible for any earnings.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.50*%-$10kCarter Federal Credit UnionBeyond Rewards Checking
Accounts mentioned in this post. Rates as of August 26, 2016.

Beyond Rewards Checking Qualifying Requirements

  • Have at least 11 debit card transactions.
  • Be enrolled in and receive e-Statements.
  • Have at least one Direct Deposit or ACH transaction.
  • Maintain a Beyond Rewards Savings account (1.51% APY up to $25K). Must be opened in conjunction with the Beyond Rewards Checking account.

The Beyond Rewards Checking account requires a $100 minimum opening deposit, but has no monthly service fees or minimum balance requirement to earn rewards. Nationwide ATM fees will be reimbursed up to $25 per month, with individual ATM fees of $5 or higher requiring a receipt for reimbursement.

Availability

Headquartered in Springhill, Louisiana, Carter Federal Credit Union offers membership to individuals who live, work, worship, or attend school in the northwestern Louisiana Parishes of Bienville, Bossier, Caddo, Claiborne, DeSoto, Red River, and Webster, and the southern Arkansas counties of Columbia and Lafayette.

Joining Carter FCU can be done or at any of nine Louisiana branches, located in Haughton, Mansfield, Sarepta, Shreveport (3), and Springhill (2), or the sole Arkansas branch in Magnolia. The online applications for membership and the Beyond Rewards checking account are merely "Contact Me" forms. Following application submission, the Credit Union will then contact the applicant.

Credit Union Overview

Carter Federal Credit Union (NCUA Charter # 9164) has an overall health grade of "B" at DepositAccounts.com, with a Texas ratio of 17.04% (above average) based on December 31, 2015 data. In the past year, Carter FCU has increased its total deposits by $10.64 Million, an excellent annual growth rate of 5.43%. Please refer to our financial overview of Carter Federal Credit Union for more details.

Most credit unions have names that are descriptive of its membership or location. Carter Federal Credit Union is unique in that it bears the name of its founder, Floyd Carter, a paymaster at International Paper Company in Springhill, Louisiana. Mr. Carter obtained a charter in 1954 to establish a credit union in an effort to protect International Paper employees from predatory lending practices. Sixty years later, Carter Federal Credit Union has grown to over 25,200 members, with assets in excess of $260 Million.

How the Beyond Rewards Account Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available to Northwestern Louisiana residents and have maximum qualifying balances of at $10k, Carter Federal Credit Union’s Beyond Rewards account currently ranks second.

The above rates are accurate as of 4/14/2016.

To look for the best nationwide Reward Checking Account rates and the best Reward Checking Account rates in your state, please refer to our High Yield Reward Checking Account rates table or our new Rates Map page.

Comments
5.01% Reward Checking Account at Carter FCU in LA & AR - Local Only
Carter FCU is offering a reward checking account called My Carter Rewards Checking. It has the following rates and features if certain monthly requirements are met:
  • 5.01% APY on balances up to $30,000
  • 1.01% APY on portion of balances above $30,000
  • 0.11% base rate if qualifications are not met
  • ATM fee refunds nationwide without limit
The monthly requirements include:
  • 11 Visa check card purchases
  • One direct deposit or ACH auto debit
  • Receive e-statements (valid email address required)
Additional features of the account regardless of the monthly requirements include:
  • $100 minimum opening...



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