Bank Deals Blog: Checking & Reward Checking Deals

As I was researching Dort Federal Credit Union’s (Dort FCU) 25-month Certificate Special earlier this week, I noted that their Boost Checking account currently earns 5.00% APY on qualifying balances up to $10k. Qualifying balances greater than $10k and non-qualifying balances do not earn any interest.

The Boost Checking account was added to Dort FCU’s product line...

While this week’s addition of 5 bps is a modest increase, the new 2.45% APY puts MemoryBank’s Online Money Market Account (OMMA) near the top for nationally available money markets. Added to the product line about nine months ago, the OMMA has added a total of 60 bps in four rate increases. The 2.45% APY applies to balances between $0.01 and $1 million, with balances...

Reliabank recently raised the rate on its Ultimate Checking account to 4.01% APY on qualifying balances up to $25k. Qualifying balances above $25k earn 0.25% APY, with non-qualifying balances earning 0.05% APY. The Ultimate Checking account requires a minimum $50 opening deposit.

Qualification Requirements

• At least 15 debit card transactions per cycle.
• Enroll in and receive eStatements.
• At least one direct deposit, one automatic debit, or one online bill payment per cycle.

Availability

Two years ago, My e-Banc introduced its Super Saver Money Market Account (MMA), offering 1.11% APY on all balances. Following several rate increases and restructuring, the Super Saver MMA now has tiered APYs: 2.25% APY on balances of $100k and above, and 2.00% APY on balances below $100k.

Super Saver MMA Details

• Opening Deposit – a minimum of $5k.
• Check Writing – up to six...

Arizona-based Horizon Community Bank (HCB) has recently raised the rate on its Star Checking account to 3.25% APY on qualifying balances up to $25k. All balances over $25k and non-qualifying balances earn 0.30% APY.

DA began tracking the Star Checking account in July 2010, when the APY was 1.76%. The APY began dropping in October 2010, finally settling at 0.90% APY in March...

Michigan-based Main Street Bank recently raised the rate on its Free Kasasa Cash Checking (Kasasa Cash) account to 3.00% APY on qualifying balances up to $30k. Qualifying balances over $30k earn 0.25% APY, with non-qualifying balances earning 0.05% APY.

Main Street Bank’s Kasasa Cash account was added to the product line in 2015, with an initial 2.25% APY on qualifying balances up to $25k. The addition of...

Peoples Bank ended February by raising the rate on its Kasasa Cash to 4.01% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.31% APY, with non-qualifying balances earning 0.08% APY.

Kasasa Cash

For those not familiar with the Kasasa brand, Kasasa Cash is a type of Reward Checking Account (RCA) developed by the Texas company, Kasasa, Ltd. According to the Kasasa website,

In case you were wondering, “Kasasa”...

Last week, Evergreen Bank Group (EBG) raised the rate on its Kasasa Cash account to 3.00% APY on qualifying balances up to $25k. Qualifying balances over $25k continue to earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

Kasasa Cash is a type of reward checking account that’s defined by the company Kasasa, LTD.

The Kasasa Cash account has been a part of EBG's product line for...

Wisconsin-based Altra Federal Credit Union (Altra FCU) has added a new rewards checking account (RCA), A+ Platinum, which earns 3.50% APY on qualifying balances up to $15k. Qualifying balances above $15k earn 0.40% APY, with non-qualifying balances earning 0.10% APY.

Qualification Requirements

• Receive monthly A+ Platinum Report Card and eStatement via email.
• Log in to Online Banking or...

Less than two months ago, Orion Federal Credit Union (Orion FCU) raised the rate and qualifying balance cap on its Premier Checking account (4.00% APY, up to $30k). As DA reader, timnok, posted in the Forum earlier this week, Orion FCU is now an easy membership requirement credit union, making the Premier Checking one of the top-rated nationally available rewards checking account.

Monthly Qualification Requirements

• Minimum of $500 in monthly electronic deposits (includes direct...