First New England Federal Credit Union provides their best interest rate reward checking account. This money in the bank deal lets you earn an interest rate of 3.05% APY for Relationship Account Members or an interest rate of 2.029% APY for General Members. You can earn an interest rate of 0.25% APY for the portions of the balance above $15,000. Aside from this you get to withdraw ATM surcharges of up to $25 per statement cycle when you meet the following requirements:

• make at least 12 purchases using your debit card at the point of sale
• setup at least one ACH auto debit or direct deposit
• subscribe to electronic bank statement and internet banking

Account holders who do not meet the requirements for the month will not get the refund for the ATM fees and will only earn the credit union’s base interest rate of 0.10% APY. The earnings of this best checking account is compounded and paid on a monthly basis.

Consumers who want to take advantage of this reward checking account may apply by visiting one of the credit unions office or by filling up the application online. For membership with First New England Federal Credit Union, you must be a Vernon, Connecticut resident, a member of the Lucy Robbins Welles Library, or a relative of existing member to be eligible to join. You may also contact the credit unions Business Development Manager, Mary Sullivan for inquiries about eligibility for membership at 860-870-6460.

The credit union has branches located in the cities of Newington, E Hartford, Vernon, Pawcatuck, Waterford, Groton, Niantic, Dayville, Montville, Willimantic, Norwich, Hamden, Orange, New Haven, North Haven, Guilford, Wallingford, East Lyme, Plainfield, Hartford, West Hartford, New London, Cromwell, Middletown, Meriden and Windsor Locks in the state of Connecticut.

First New England Federal Credit Union was established in 1938. They are also federally insured by the National Credit Union Association with charter number 2601.