4.01% Reward Checking Account at a Louisiana Bank (Union)


Update 1/06/09: The top yield has fallen to 4.01% APY. Refer to the bottom of the post for the rate history.

Union Bank is offering a reward checking account called UnionRewards Checking. It pays 4.01% APY on balances up to $25,000 (0.60% for above) and refunds ATM fees if the following monthly requirements are met: 1) 10 check card transactions, 2) one direct deposit or ACH direct charge, 3) receive Electronic statements, and 4) access internet banking. If these are not met, the rate falls to 0.25%. The minimum opening deposit is $50. There are no minimum monthly requirements or monthly service charges.

It appears that a branch visit is required to open the account. Branches are located in the Louisiana cities of Marksville, Alexandria, Bunkie, Hessmer, Pinevlle and Moreauville. The bank is a member FDIC (Certificate # 8800).

Other High Yield Reward Checking Accounts

For other reward checking accounts and for more information on these accounts, please refer to the following posts:

Rate History:
01/06/09: 4.01% APY for up to $25K; 0.60% APY for above $25K; 0.25% APY if req's are not met.
03/13/08: 5.01% APY for up to $25K; 1.01% APY for above $25K; 0.50% APY if req's are not met.
Anonymous   |     |   Comment #1
The newest rates are: 4.01% APY up top $25K; 0.60% APY over $25K; 0.25% APY if requirements not met.
5.50% 35-Month CD at an Oklahoma Bank
Union Bank is offering four CD specials. The highest yield is a 5.50% APY 35-month CD. The others include a 5.25% APY 24-month CD, 5.00% APY 13-month CD and a 4.75% APY 7-month CD. All of these certificates require a $10K minimum opening deposit.

Last month Union Bank was offering a checking account with an APY of 4.5% guaranteed through June 6th. I'm not sure if this special is open.

The bank has 5 branches in Oklahoma City and Edmond.

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