LGE Community Credit Union is offering a $100 bonus for opening its high-yield reward checking account. The offer is listed at this credit union's promotions page. It's scheduled to last until 11/15/2010. To receive the bonus, the member is required to meet the reward checking requirements for the second month after the account is opened. There's also an additional $50 bonus for opening an LGE Visa credit card.
I first reported on the LGE's High Rate Checking in November 2009 when they were offering a $150 bonus without applying for the credit card. At that time the yield was 3.50% APY for up to $25K. It's now 3.00% APY as of 9/26/2010. Its monthly requirements are a little tougher than average:
- 15 debit card or credit card purchases
- 1 direct deposit or automatic payment
- Access online banking
- Receive e-statements and maintain a valid email address
I think this is the only reward checking account that I've seen that allows its credit card to be used instead of its debit card. That's a nice feature for those who prefer the protection of credit cards.
Accounts must be opened at an LGE branch location to receive promotional offer. Branches are located in the Atlanta suburbs of Marietta, Austell, Kennesaw, Calhoun and Hiram.
Credit union membership is open to anyone who is a resident of Cobb, Cherokee, or Paulding County. You can also be eligible via a select employer group. Please refer to the credit union's Joining LGE page for the full details. Membership requires a $5 minimum balance in the membership share savings account.
LGE Community Credit Union has an overall health score of 4 out of 5 and a Texas Ratio of 0.71% (excellent) based on June 2010 data. Please refer to our financial overview of LGE Community Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68581).
Other Reward Checking Accounts & Bank Bonuses
It's rare to find cash bonuses for reward checking accounts. Most bonuses are for regular checking accounts. You can find more checking account bonuses at the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.
To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.