High-Yield Reward Checking Account at Mountain Credit Union in North Carolina - Local Only


Mountain Credit Union has a rewards checking account with the following rates and features if certain monthly requirements are met:

  • 4.15% APY on balances up to $25,000
  • 1.01% APY on balances over $25,000
  • 0.05% base rate if qualifications are not met
  • Refunds of ATM fees nationwide up to $25 per cycle

The monthly requirements include:

  • 12 signature-based debit card purchases
  • one direct deposit
  • receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • No minimum balance requirement
  • No monthly service charge
  • Multiple accounts can be opened, but requirements must be met for each account

Credit union membership is open to anyone who lives, works, worships or attends school in Buncombe, Haywood, Henderson, Jackson, Macon or Swain county of Western North Carolina or in the Cherokee Indian Reservation. Please refer to the credit union's membership page for the full details. Membership requires a $25 minimum balance in the Main Share Account.

Branches are located in Asheville, Cherokee, Fletcher, Franklin, Sylva and Waynesville, NC. The credit union is federally insured by the NCUA (Charter # 68531).

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:

  • 02/15/10: 4.15% APY up to $25K (update made on 9/3/10)
  • 05/22/09: 5.15% APY up to $25K; 1.01% over; 0.05% base
Related Pages: Mountain Credit Union, Greenville, Chattanooga, checking account, reward checking account

  |     |   Comment #1
Banking Guy, Just want to thank you for all the work you do. You have helped me tremendously to get great bank and credit card deals over the last 2 years. I have had it with the stock market. I have lost tons of $.(i am 61 years old and a nyc police sergeant) and am looking to retire in 2 years. I opened a rollover ira last year at Key Bank (what was left of my stock IRAS)for 5.25% over 48 months, an IRA this year at Dime bank at 3.25% And started 3 reward checking accts at Malvern about 6 months ago. ALL BECAUSE OF YOU. keep up the good work. btw, do have a regular job? Also, why is there hardly any talk about the rewards checking. Malvern has had the 5% for at least a year. Its fun to keep track of the credit card purchases and dd and online payments. It does get confusing with 3 accounts, but if you are conscientious it works! [email protected]
Banking Guy
  |     |   Comment #2
Glad you're finding this site useful. It's just a part-time hobby (I do have a full-time regular job).

Reward checking rates are falling, but they continue to lead the rates of both savings accounts and CDs. The average rate for the 391 institutions listed at my reward checking site is 3.99% apy as of 5/22/09.
  |     |   Comment #3
Strictly local.
  |     |   Comment #4
This CU is military/Government oriented; more restricted to NSA:D

They started up becuase some members could not join a FCU. Now they are so restricted even Mr. Water can not leak in.

Their service is terrible as well; nobody answering the f#[email protected] phone call.

Their safety ranking is ok, but I would not get close to them with a ten-feet pole.
  |     |   Comment #5
4.15% as of 2/28/10; out of the 5% league.
  |     |   Comment #6
banking guy- thanks for your work- I've always found you helpful- FYI, Mountain Credit has reduced their cap level to $15,000 from 25,000.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.