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3.00% Reward Checking Account at Foothill FCU in California - Local Only


Foothill Federal Credit Union is offering a reward checking account called MyChoice Checking. The account has the following rates and features if certain monthly requirements are met:
  • 3.00% APY on balances up to $25,000
  • 0.00% base rate if qualifications are not met
  • Refunds ATM fees nationwide up to $20 per cycle
I can't find any mention of the rate for the portion of the balance above $25K. I emailed the credit union and will update the post when they reply. The monthly requirements include:
  • 10 MasterCard Debit Card purchases
  • One electronic withdrawal or deposit
  • Receive electronic statements
Additional features of the account regardless of the monthly requirements include:
  • No minimum balance requirement
  • No monthly service charge
  • Daily ATM withdrawal limit of $300
Membership appears to be primarily based on Select Employer Groups in the San Gabriel Valley. Please refer to the credit union's membership information page for more details. Membership requires a $50 minimum deposit and a one-time membership fee of $5.

Branches are located in the California cities of Arcadia, Covina, El Monte and Glendora.

The credit union's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at Bankrate.com (based on 6/30/09 data). The credit union is federally insured by the NCUA (Charter # 12425).

Other Reward Checking Accounts

Foothill's reward checking rate is a little low. There are still many reward checking accounts with rates of at least 4%. On the plus side, this is another reward checking option for those in parts of California. Compared to other states, California doesn't have many banks and credit unions offering reward checking accounts.

To find reward checking accounts in other areas of the nation, please refer to the reward checking section of DepositAccounts.com. To learn more about reward checking, please refer to this reward checking overview.

Related Pages: checking account, reward checking account

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john (anonymous)   |     |   Comment #1
I will not waste my time with these "reward checking" gimmicks. I NEVER use a debit card. Low maximums. NO promise of not dropping their rates.
Anonymous   |     |   Comment #2
Further, 3% APY is way too low to intrigue any interest.