3.01% Reward Checking Account at a Washington State CU (NorthWest Plus)
POSTED ON BY Ken Tumin
Update 8/23/09: It has been reported that the top rate is scheduled to fall to 3.01% APY starting September 1, 2009. Refer to the bottom of the post for the rate history.
NorthWest Plus Credit Union is offering a rewards checking account that pays 3.01% APY on balances up to $50,000 (0.75% for above) and refunds ATM fees of up to $25 per cycle if the following monthly requirements are met:
Membership is open to those who live, work or worship in Washington State. Please refer to the credit union's Who-Can-Join Page for the full details. There's an online membership application. Details of applying online are available at this FAQ. A minimum opening deposit of $25 is required.
Branches are located in the Washington State cities of Burlington, Edmonds and Everett. The credit union is federally insured by the NCUA (Charter # 67262). It has $121.9 million in assets and 13,687 members.
Other Reward Checking Accounts
The $50K cap and the 5% APY make this one of the better reward checking accounts. As you can see in the reward checking statistics, less than 25% of the 235 reward checking accounts have deposit caps of $50K or higher.
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:
09/01/09: 3.01% APY up to $50K
03/01/09: 4.01% APY up to $50K; 0.75% APY for above
07/30/08: 5.01% APY up to $50K; 1.51% APY for above
NorthWest Plus Credit Union is offering a rewards checking account that pays 3.01% APY on balances up to $50,000 (0.75% for above) and refunds ATM fees of up to $25 per cycle if the following monthly requirements are met:
- 12 debit card purchases
- active enrollment in Online Banking
- active enrollment in e-Statements
Membership is open to those who live, work or worship in Washington State. Please refer to the credit union's Who-Can-Join Page for the full details. There's an online membership application. Details of applying online are available at this FAQ. A minimum opening deposit of $25 is required.
Branches are located in the Washington State cities of Burlington, Edmonds and Everett. The credit union is federally insured by the NCUA (Charter # 67262). It has $121.9 million in assets and 13,687 members.
Other Reward Checking Accounts
The $50K cap and the 5% APY make this one of the better reward checking accounts. As you can see in the reward checking statistics, less than 25% of the 235 reward checking accounts have deposit caps of $50K or higher.
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:
09/01/09: 3.01% APY up to $50K
03/01/09: 4.01% APY up to $50K; 0.75% APY for above
07/30/08: 5.01% APY up to $50K; 1.51% APY for above
"Given this environment, we will be adjusting the Rewards Checking interest rate to 4.01% APY on balances of $50,000 and below and .75% APY on balances over $50,000 beginning March 1, 2009."
will earn .75%.
NorthWest Plus Credit Union