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High-Yield Reward Checking Account at Endura Financial FCU in MN & MO


Update 10/01/2011: The top rate has fallen from 3.01% to 1.51% APY.

Endura Financial FCU has a reward checking account called eLife checking. It pays 1.51% APY on balances up to $25,000 (0.15% for above) and refunds up to $15 of ATM fees per month if the following monthly requirements are met:

  • 12 debit card purchases
  • one direct deposit (see 8/3/10 update below)
  • Online banking enrollment and receiving e-statements

If these are not met, the rate falls to 0.15%. Minimum initial deposit is $25. There are no monthly fees and no minimum balance requirements.

Update 8/3/2010: The credit union added a new direct deposit requirement in order to qualify for the $25K balance cap. The direct deposit must be at least $2.5K (up from $1K on 6/29/11). Smaller direct deposits result in smaller balance caps.

The credit union also has a nice refer-a-friend bonus of $50 for both the person joining and the member who made the referral.

Membership is open to anyone who lives, works, worships or attends school in any of the of the following Minnesota cities: Brooklyn Center, Crystal, Golden Valley, Hopkins, Minneapolis, New Hope, Robbinsdale and St. Louis Park. It also includes those in Jackson County, Missouri. You can also join via Select Employer Groups and family. Please refer to the credit union's Who Can Join page for more details. Membership requires a $5 deposit into a share savings account.

Branches are located in Minneapolis, Brooklyn Center, and Golden Valley, MN and in Kansas City, MO. The credit union is federally insured by the NCUA (Charter # 24446).

Other 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.

Account History

  • 10/01/11: 1.51% APY up to $25K (with $2.5K+ DD)
  • 06/29/11: 3.01% APY up to $25K (with $2.5K+ DD); 0.15% over; 0.15% base
  • 08/03/10: 4.01% APY up to $25K (with $1K+ DD)
  • 11/08/09: Debit card usage requirement only met by debit card purchases. Enrollment in Online Banking is also required.
  • 12/19/08: 4.50% APY up to $25K; 0.25% over; 0.25% base; Debit card usage requirement can be met by online banking, bill pay, debit card purchases, or ACH withdrawals requirements include
Related Pages: checking account, reward checking account

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Anonymous   |     |   Comment #1
Requirement #1 has regressed back to: 12 debit card purchases; also, add 'enrollment in online banking' as a requirement.
Banking Guy
Banking Guy   |     |   Comment #2
Thanks. I've updated the post with this info.
Anonymous   |     |   Comment #3
Membership very limited.
Anonymous   |     |   Comment #4
I went into a branch last week as was handed additional requirments that are not listed on their website. These requirements may not be starting until May 1, 2010.

If direct deposit is between $1.00 and $499.99 per month, maximum balance eligible to earn stated rate is $5,000.00.

If direct deposit is between $500 and $999.99 per month, maximum balance eligible to earn stated rate is $10,000.00.

If direct deposit is $1000.00 or greater, maximum balance eligible to earn stated rate is $25,000.00. All account balances in excess of maximum balance eligible per direct deposit as stated above will earn the default APY.
Anonymous   |     |   Comment #5
DD requirements are going up in Jan.  It will be a minimum direct deposit of 2500 per month in order to have the full 25k qualify.
51hh   |     |   Comment #6
$2,500 DD and $10 x 15 debit transactions.

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