High-Yield Reward Checking Account at Public Service Credit Union in Indiana - Local Only


1.51*%-$10kPublic Service Credit UnionSmart Checking
OTHER TIERS: 0.15% $10k+
Accounts mentioned in this post. Rates as of October 20, 2017.

Update 4/5/2011: The top rate has increased to 3.75% APY but the balance cap has fallen to $10K.

Public Service Credit Union has a reward checking account called Smart Checking. The account offers the following rates if certain monthly requirements are met:

  • 3.75% APY on balances up to $10,000
  • 0.40% APY on balances over $10,000
  • 0.01% base rate if qualifications are not met

The monthly requirements include:

  • 10 debit card purchases (credit only, not PIN-based)
  • one ACH deposit or withdrawal
  • receive e-statements

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

  • No minimum balance requirement
  • No monthly service charge
  • Free Online Bill Pay

I don't see any mention of refunds of ATM fees. However, according to the credit union, they're part of the Alliance One Network where you can find surcharge free ATM's.

Membership is open to those who live or work in Allen County, Indiana. You can also be eligible via family or select employer groups. Please refer to the credit union's membership requirements page for the full details.

Branches are located in Fort Wayne, Indiana. The credit union is federally insured by the NCUA (Charter # 64275)

Thanks to the reader who mentioned this reward checking account in the comments.

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:

  • 04/03/11: 3.75% APY up to $10K; 0.40% over
  • 01/05/11: 2.25% APY up to $40K
  • 10/01/10: 2.50% APY up to $40K
  • 05/10/10: 2.75% APY up to $40K
  • 12/31/09: 3.00% APY up to $40K
  • 11/01/09: 3.51% APY up to $40K
  • 06/03/09: 4.01% APY up to $40K; 1.00% over; 0.01% base
  • 05/07/09: 5.50% APY up to $40K; 1.00% over; 0.10% base
Related Pages: Public Service Credit Union, Fort Wayne, checking account, reward checking account

Anonymous   |     |   Comment #1
The rate is 3.00%, not 3.51%.
Anonymous   |     |   Comment #2
Update on Public Service Credit Union: as of 06/01/2010, their rewards checking account rate is at 2.32%.
5.55% 15-Month / 5.55% 5-Month CD at an Indiana CU (Public Service)
Public Service Credit Union is offering a certificate special with a yield of 5.55% APY for terms of either 5 or 15 months. The minimum deposit is $10,000, and it requires money new to the credit union.

Membership is open to anyone who lives or works in Allen County. You can also be eligible via Select Employer Groups or via family. Please refer to their membership requirements page for more details. Membership requires a minimum balance of $5 in the share savings account.

Branches are located in Fort Wayne, Indiana. The credit...

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