US Federal Credit Union is offering a reward checking account called Amplified Checking. It pays 3.25% APY on balances up to $25,000 (1.01% for above) if the following monthly requirements are met:
- 10 check card purchases (excluding PIN-based)
- direct deposit or automatic payment
- receive electronic statements
Membership is open to those who live, work, worship, volunteer or attend school in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, or Washington County. Please refer to the credit union's Membership Page for the full details. Membership requires a $5 minimum balance in the share savings account.
Branches are located in several Minnesota cities including Minneapolis, St. Paul, Bloomington, Brooklyn Park and Northfield. The credit union is federally insured by the NCUA (Charter # 24297).
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
Edit 5/31/09: Fixed URLs. Added note on PIN-based debit card purchases.
Edit 3/13/09: Added automatic payment as an alternative to direct deposit.
09/01/09: 3.25% APY up to $25K
08/01/09: 3.50% APY up to $25K
03/27/09: 3.80% APY up to $25K
02/04/09: 4.05% APY up to $25K
11/02/08: 4.30% APY up to $25K; 1.01% over $25K; 0.10% if requirements not met