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.
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