Southwest Airlines Federal Credit Union provides their best interest rate reward checking account that has a current interest rate of 4.00% APY for balances up to $25,000. Portion of balances over $25,000 for this best checking account lets you earn an interest rate of 1.00% APY. You also get to refund ATM surcharges when you meet the following requirements:

• make at least 15 purchases using your debit card
• enroll to electronic bank statement
• setup at least one automatic payment or direct deposit

In case you do not meet the requirements, you don’t have to worry since you will still earn their base interest rate of 0.10% APY although you will not be able to have ATM fees refunded. On the following month you still get a chance to earn their best interest rate checking account when you meet the requirements. Please be reminded that upon opening of account the interest rate may change, so make sure to always check for the current interest rate with the credit union.

Individuals who wants to take advantage of this best reward checking account may complete the application thru the credit union’s website. You are also required to deposit a minimum of $30 to open an account. The good news about this is that the credit union does not require a maintaining balance nor collect any monthly service fees. You even get to use online banking and pay your bills online free of charge.

Membership with Southwest Airlines Federal Credit Union has two ways to become a member: through a family member or employer. You may check on the credit union’s website the list of Select Employee Group. If one of your relative is an existing member of the credit union then you are also elligible to apply. If you are not sure if you are qualified, you may call their customer service and ask thru 800-262-5325. you also need to complete the application online for membership and deposit a minimum of $5 to open your new Membership Savings Account.

Southwest Airlines Federal Credit Union has branches located in Dallas, Phoenix, Houston, Euless, and Mesquite in the state of Texas.

The credit union was established on September 22, 1975. Currently, they have over 32,275 members with a total of $204 million in declared assets. They are also a member of the National Credit Union Association with charter number 22157.