4.01% Reward Checking Account at Members Choice Community CU in IA & IL


Update 8/08/09: The top rate has fallen to 4.01% APY.

Members Choice Community Credit Union is offering a reward checking account called Elite Checking. The account offers the following features if certain monthly requirements are met:
  • 4.01% APY on balances up to $15,000
  • 1.01% APY on balances over $15,000
  • 0.10% base rate if qualifications are not met
  • ATM fees nationwide refunded up to $25 per cycle and up to $2 per item
The monthly requirements include:
  • 12 Visa debit card purchases
  • one direct deposit or automatic payment
  • access online banking
  • receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • No minimum opening balance
  • No minimum balance requirement
  • No monthly service fees
  • multiple accounts can be opened, but requirements for each must be met to receive the top rate
Credit union membership is open to anyone who lives or works in Clinton, Jackson or Scott Counties in Iowa and Whiteside, Carroll, Jo Davies or Rock Island Counties in Illinois. Please refer to the credit union's membership page for the full details. Membership requires a minimum balance of $25 in the share savings account.

Branches are located in Clinton and LeClaire, Iowa.

The credit union is federally insured by the NCUA (Charter # 60827).

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.

Rate History:
08/01/09: 4.01% APY up to $15K
04/05/09: 5.51% APY up to $25K; 1.01% over; 0.10% base

Edit 9/19/09: Corrected rate cap from $25K to $15K which started on 8/01/09.
Anonymous   |     |   Comment #1
Available to only 0.00157% of the country!


Clinton, Jackson or Scott Counties in Iowa

Clinton 49,051
Jackson 20,035
Scott 162,687

Whiteside, Carroll, Jo Davies or Rock Island Counties in Illinois

Carroll 15,928
Jo Davies 22,304
Rock Island 147,329
Whiteside 59,198


US Population 301,621,157
Anonymous   |     |   Comment #2
"Available to only 0.00157% of the country!" - Yes, that's probably why their rate is still high...