3.04% Reward Checking Account at Eastern New York Federal Credit Union


Update 3/07/09: The top yield has fallen to 3.04% APY. Refer to the bottom of the post for the rate history.

Eastern New York FCU is offering a rewards checking account that pays 3.04% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees up to $15 per month if the following monthly requirements are met:
  • 12 debit card purchases
  • one direct deposit or ACH debit
  • receive E-statements
  • access online banking
If these are not met, the rate falls to 0.25%. The minimum opening deposit is $100. There are no monthly service charges.

Membership is open to all state and local public employees in a 9-county service area of New York. Please refer to their Joining Us Page for the full details.

Branches are located in the New York cities of Napanoch, West Coxsackie, Ferndale, Wallkill and Woodbourne. The credit union is federally insured by the NCUA (Charter # 14693).

Other Reward Checking Accounts

Reward checking accounts seem to be rare in New York State. This is only the third one on my list of over 200 reward checking accounts. For those in New York who are interested in reward checking accounts, you'll find more choices in my list of reward checking accounts available nationwide. This list now includes one offering a yield of 7.01% APY.

Rate History:
03/06/09: 3.04% APY
12/30/08: 3.82% APY
07/22/08: 4.51% APY
Anonymous   |     |   Comment #1
Top rate has fallen to 3.815% APY. Others aspects remain same.
Anonymous   |     |   Comment #2
Top rate has fallen to 3.042% APY. Other rates remain same.