Trona Valley Credit Union Has Competitive Reward Checking Account

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Deal Summary: High Yield Checking, 4.00% APY on qualifying balances up to $15k. High Yield Savings, 1.00% APY on qualifying balances up to $15k.

Availability: Residents of four Utah and six Wyoming counties.

Trona Valley Community Federal Credit Union (Trona Valley) has been offering its High Yield Checking for nearly four years, with the 4.00% APY on qualifying balances up to $15k in effect since December 2017. Qualifying balances over $15k earn 0.35% APY, with non-qualify balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.00*%-$15kTrona Valley Community Federal Credit UnionHigh Yield Checking
OTHER TIERS: 0.05% $15k+
Rates as of September 28, 2021.

The monthly qualification requirements include,

  • At least 10 debit card purchases
  • At least one direct deposit, ACH automatic debit, or bill payment
  • Be enrolled in eStatements

The High Yield Checking account has no minimum balance requirement, no monthly service fee, and no minimum opening deposit. Nationwide ATM fees will be reimbursed up to a total of $20 per month ($9.99 maximum per transaction), if qualification requirements are met. Unlimited checking writing is available and a free Visa® debit card will be issued following account opening. There is a limit of one account per Social Security number.

High Yield Savings

Trona Valley’s High Yield Savings account earns 1.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.35% APY, with non-qualify balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.00*%-$15kTrona Valley Community Federal Credit UnionHigh Yield Savings
OTHER TIERS: 0.05% $15k+
Rates as of September 28, 2021.

Earned rewards from a High Yield Checking account are automatically transferred to the linked High Yield Savings account every month. The High Yield Savings has no minimum balance requirement, no monthly service fee, and no minimum opening deposit. There is a limit of one account per Social Security number.

Annual Earnings of Combined High Yield Checking/Savings Accounts

The potential combined annual earnings of the High Yield Checking (4.00% APY/$15k) and the High Yield Savings (1.00% APY/$15k) is approximately $750 (2.50% APY/$30k).

Cash Back Checking

Trona Valley’s Cash Back Checking account earns 2.00% cash back on debit card purchases, limited to the first $200 of monthly purchases. If you are planning on maintaining a balance of less than $1,200, the Kasasa Cash Back account would probably be a better deal than the Kasasa Cash account; the maximum annual earnings for the Kasasa Cash Back account is $48 ($4 per month).

Availability

Headquartered in Green River, Wyoming, Trona Valley Community Federal Credit Union’s field of membership (FOM) is residency-based, with individuals who live, work, worship, or attend school in any four Utah or six Wyoming counties, eligible for membership.

Utah counties – Daggett, Morgan, Rich, or Summit.

Wyoming counties – the Carbon, Lincoln, Sweetwater, Sublette, Teton, or Uinta.

Immediate family members and those living in the same household of existing Trona Valley members are also eligible to join.

Joining Trona Valley and/or opening a High Yield Check/Cash Back/Savings account(s) can be done online, or at any of four Wyoming branches located in Evanston, Green River, Mountain View, and Rock Springs.

Opening a Share Savings is required to establish a Trona Valley membership. There is no required minimum opening deposit, but a $150 minimum balance is required to earn dividends.

Trona Valley participates in the CO-OP Share Branch network, giving members “free access to over 5,000 credit unions nationwide.”

Credit Union Overview

Trona Valley Community Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.51% (excellent) based on September 30, 2020 data. In the past year, Trona Valley increased its total non-brokered deposits by $35.87 million, an excellent annual growth rate of 17.88%. Please refer to our financial overview of Trona Valley Community Federal Credit Union (NCUA Charter # 15741) for more details.

Trona Valley Community Federal Credit Union is currently the fifth largest credit union headquartered in Wyoming, with nearly 22,000 members and assets in excess of $266 million. Established in 1963, Trona Valley was originally known as FMC Employees Federal Credit Union. (In the 1960s, FMC Corporation mined trona ore in southwest Wyoming.) The Trona Valley rebrand occurred in 1989, following a merger with Stauffer Big Island Federal Credit Union. A community charter covering Southwest Wyoming was adopted in 1999, and was expanded again in 2012 to include ten counties in Wyoming and Utah.

How High Yield Checking Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available within the FOM and have maximum qualifying balances of at least $15k, Trona Valley Community Federal Credit Union’s High Yield Checking APY currently ranks first.

The above rates are accurate as of 1/20/2021.

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.

Related Pages: Salt Lake City checking accounts, reward checking accounts

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