Earlier this month, Partner Colorado Credit Union (Partner Colorado) raised the rate on its High-Interest Checking account to 3.50% APY on qualifying balances up to $10k. (While the cap is low, the APY is definitely competitive.) Qualifying balances between $10k-$25k earn 0.50% APY, with qualifying balances over $25k and non-qualify balances both earning 0.10% APY.
|3.50*%||-||$10k||Partner Colorado Credit Union||High Interest Checking|
|OTHER TIERS: 0.10% → $25k+ | 0.50% → $10k - $25k|
Since I last wrote about the High-Interest Checking account in 2013, the qualifying requirements haven’t changed, but a $5 Non-Qualified Account Fee applies if the following monthly requirements are not met:
- At least 20 signature-based debit card transactions ($5 minimum)
- Receive eStatements
- Use online or mobile banking, along with a valid e-mail address
The High-Interest Checking account has no minimum opening deposit requirement or monthly service fee. Paper statements are not available and there is no reimbursement of ATM fees. There is a limit of one High-Interest Checking account per Social Security number.
Headquartered in the Denver suburb of Arvada, Partner Colorado Credit Union offers membership through a variety of ways, with virtually all U.S. citizens qualifying.
Easy Membership: Individuals who don’t qualify for membership through employment or residency can join by making a $5 contribution to the Consumers United Association, which can be done during the application process.
Residency: Individuals who live or work in the Colorado counties of Adams, Arapahoe, Denver, Douglas, or Jefferson qualify for membership.
Employment: Individuals who work for one of Partner Colorado’s 160+ SEGs are eligible for membership, as are active and retired employees of Colorado Postal Service, Denver Water, and HealthONE.
Relationship: Immediate family and household members of current Partner Colorado members are eligible to join, as are immediate family and household members of any SEG employees, regardless if the employee is a Credit Union member or not.
Complete details concerning membership eligibility are available on the How to Join page.
Opening a Primary Savings account with a $5 minimum deposit establishes a membership with Partner Colorado, but a minimum $25 balance is required to earn any dividends.
Partner Colorado is a participating member of the CO-OP Shared Branch network, providing members with,
access to your accounts at thousands of CO-OP Shared Branch
locations and free ATM access throughout the United States.
Credit Union Overview
Partner Colorado Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.69% (excellent) based on December 31, 2018 data. In the past year, Partner Colorado increased its total non-brokered deposits by $59.79 million, an excellent annual growth rate of 19.23%. Please refer to our financial overview of Partner Colorado Credit Union (NCUA Charter # 62903) for more details.
Partner Colorado Credit Union came about in 2010 when three Denver area credit unions (Denver Water Credit Union, HealthONE Federal Credit Union, and Denver Postal/Eagle Legacy Credit Union) pooled their resources, while maintaining member affiliation and affinity. Partner Colorado is currently the tenth largest credit union in Colorado, with more than 34,400 members and assets in excess of $417 million.
How the High-Interest Checking Compares
When compared to 57 High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available nationwide and have maximum qualifying balances of at least $10k, Partner Colorado Credit Union’s High Interest Checking APY currently ranks third.
The above rates are accurate as of 5/15/2019.
To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.