Telhio Credit Union (Ohio) has recently raised the rate on its High Yield Share Checking Account to 2.02% APY on balances between $5K and $15K. Balances between $15K and $25K earn 1.26%, and balances over $25K earn 0.75% APY. If the account balance falls below $5K, no interest will be earned.
Telhio Credit Union also has a promotion that pays a cash bonus up to $200 on new checking accounts. Please refer to DA's August 12, 2014 Forum posting for more details and links. Thanks to DA member Cas Saint Denis for the Forum posting.
High Yield Share Checking Account Monthly Requirements
- Login to Online Banking
- Use eStatements
- Have at least 25 debit card transactions
For complete details, please refer to Telhio Credit Union’s Checking Account page.
Telhio Credit Union membership is open to anyone who lives, works, worships, or goes to school in Franklin, Fairfield and Delaware Counties and the surrounding communities, including Dublin, Johnstown, London, Orient, Pataskala and Reynoldsburg. In addition to the residency based membership, Telhio Credit Union serves several Select Employer Groups in a variety of industries including accounting, automotive, manufacturing, medical, real estate and telecommunications.
Joining Telhio Credit Union and/or opening a checking account can be done online or in person at any of six branches located in Columbus (4), Grove City and Worthington.
Credit Union Overview
Telhio Credit Union has an overall health rating of A on DepositAccounts.com, with a Texas Ratio of 4.75% (excellent), as of June 30, 2014. Telhio Credit Union increased its total deposits by $20.78 Million in the past year, a growth rate of 4.91% (excellent). Please refer to our financial overview of Telhio Credit Union for more details.
Telhio Credit Union (NUCA Certificate # 62848) began in 1934 as a credit union for Columbus Telephone Company employees. The scope and services of Telhio Credit Union have expanded over the past 80 years, and today has over 47,000 members and assets in excess of $529 Million.
How the Rate Compares
When compared to other high yield checking accounts tracked by DepositAccounts.com, with a $15K maximum and available to Ohio residents, Telhio Credit Union’s High Yield Share Checking Account is competitive:
|Interest Rate||CD Length||Institution|
|2.50% APY||Get Green Checking||Kemba Credit Union|
|2.02% APY||High Yield Share Checking||Telhio Credit Union|
|2.01% APY||Dream Big Checking||Westfield Bank SFB|
The above rates are accurate as of 9/22/2014.