3.00% Reward Checking Account at Utah Central Credit Union


Update 11/21/09: The top rate has fallen to 3.00% APY. Please refer to the bottom of the post for the rate history.

Utah Central Credit Union has a rewards checking account that pays 3.00% APY on balances up to $50,000 if the following monthly requirements are met:
  • 15 debit card purchases
  • maintain a minimum balance of $2,500
  • receive e-statements
Bill pay service is free and the first box of checks is free. Unlike the typical reward checking, there's no mention of ATM fee refunds. Only Co-op ATM transactions are free. The $2,500 minimum balance is also different than the typical reward checking. I don't see any mention of fees if the balance falls below $2,500.

Membership is open to residents of either Salt Lake or Carbon County. Please see their Membership Eligibility Page for more details. Membership requires a minimum balance of $25 in the regular savings account.

Branches are located in the Utah cities of Salt Lake City, Sandy, Herriman, Murray, West Valley City, West Jordan and Price. The credit union is federally insured by the NCUA (Charter # 67041). It has $159.0 million in assets and 20,976 members.

Thanks to the reader who emailed me info on this credit union.

Other High Yield 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:
11/02/09: 3.00% APY
08/09/09: 4.00% APY on up to $50K
05/08/08: 4.00% APY on all balances
Anonymous   |     |   Comment #1
We opened an account there in May 2009. The credit union now has a cap of $50,000 for the 4.00% apy.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #2
Thanks for the info. Do you know what the rate is for balances over $50,000? The credit union doesn't seem to provide many details on its website.
Anonymous   |     |   Comment #3
3.0% APY.
HUGO (anonymous)   |     |   Comment #4
Please revise, UCCU has a misleading add on their webist for 4%. In reality, they offer 3%.
Banking Guy
Banking Guy (anonymous)   |     |   Comment #5
Thanks. I've updated the rate here.