4.01% Reward Checking Account at a Texas Credit Union (MCT)

Update 4/18/09: The top yield has fallen to 4.01% APY. See bottom of the post for the rate history.

MCT Credit Union has a reward checking account called Extreme Checking that pays 4.01% APY on balances up to $25,000 (0.75% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met: 1) 10 check card transactions, 2) one direct deposit or ACH auto debit or bill-pay, and 3) receive electronic statements. There are no service charges or minimum balance requirements.

Membership is open to anyone living or working in the Texas counties of Jefferson, Orange or Hardin. Please refer to their Membership page for the full details. Membership requires a minimum deposit of $25 in the regular share savings account.

Branches are located in the Texas cities of Port Neches, Orange, Nederland and Lumberton. The credit union is federally insured by the NCUA. Update: This credit union has switched from federal to private deposit insurance. It now ONLY has private deposit insurance via ASI. It has $141.0 million in assets and 18,592 members.

Other High Yield Reward Checking Accounts

For other reward checking accounts and for more information on these accounts, please refer to the following posts:

• reward checking overview
• reward checking accounts available nationwide
• reward checking accounts around the nation

Rate History:
04/01/09: 4.01% APY for up to $25K
01/01/09: 4.50% APY for up to $25K, 0.75% APY for above
10/01/08: 5.01% APY
03/18/08: 6.01% APY for up to $25K, 1.01% APY for above