3.50% APY for Choice Checking Accounts, best interest rates with Spirit of Alaska Credit Union
Spirit of Alaska Credit Union, the largest of its kind in Fairbanks, opens a new service account called Choice Checking, a reward checking account which combines high yields with a low balance ceiling. Customers need only 10,000 to start taking maximum advantage of the account’s features. Though the 25k is a minimum ceiling in the financial industry the 10 grand cap accounts are starting to challenge the standard and are becoming popular among banking services.
Customers who want to avail of Choice Checking need to be informed of these rates
- 3.50% Annual Percentage Yields on deposits $10,000 and under.
- 0.50% Annual Percentage Yields for deposits exceeding $10,000.
- Underachieving accounts receive a rate of 0.10% rate.
- ATM external usage charges get a reimbursement of $20 per cycle.
Targets which customers need to meet are:
- Monthly debit card usage of 12 purchases.
- Initial deposit to a loan account.
- Enable online statements.
Supplementary services/requirements are:
- One member/one account.
- Initial deposits have no required amounts.
- Service charges are non-existent.
- Customers can make online payments without charges.
Application to Spirit of Alaska Credit Union is limited to the people in the North Star Borough of Fairbanks. For further questions and inquiries regarding application rules for this credit union, kindly check the membership specifics on their website.
BauerFinancial gives Spirit of Alaska 4 stars meaning excellent and Bankrate.com gives it 3 for the bank’s stability. DepositAccounts.com gives it a boost of 4 stars. Deposits made in this credit union are insured by the NCUA.
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