Zia Credit Union is offering a high-yield reward checking account called Perfect Sense Checking. Like many of the new rewards checking accounts, this one also has a balance cap that's a little low. I discussed this issue in a previous post. Nevertheless, it may still be a decent deal for those who can qualify. The checking account has the following rates and features if the certain monthly requirements are met (as of 10/28/2010):
- 3.04% APY on balances up to $15,000
- 1.00% APY on amount of balance over $15,000
- 0.05% base rate if requirements are not met
- Unlimited ATM fee refunds nationwide
Monthly requirements include:
- 12 debit card purchases
- 1 direct deposit OR online bill payment OR automatic debit
- Receive eStatements instead of paper statements
There is no monthly service fee regardless of meeting the above requirements. Also, there's no minimum balance requirement.
Credit union membership is open to those who live, work, or worship in Los Alamos County, Rio Arriba County, Taos County, and Santa Fe County. Please refer to the credit union's About Us page for more details. Membership requires a minimum $25 balance in the share savings account.
The credit union's overall health score at DepositAccounts.com is 3 out of 5 with a Texas Ratio of 23.38% (above average) based on June 2010 data. Please refer to our financial overview of Zia Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 60467).
Other High-Yield Reward Checking Accounts
To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.