4.09% APY Best reward checking account with Consumers Credit Union

Consumers Credit Union is pushing for their best interest rate free reward checking account. This money in the bank lets you earn an interest rate of 4.09% APY for balances up to $10,000. For balances of $10,001 to $25,000 you can earn an interest rate of 1.59% APY. If you go beyond $25,000, this portion gets to earn an interest rate of 0.76% APY. Aside from best interest rates, you get to have your ATM surcharges waived when you meet the following requirements:

  • use the debit card at least 12 times for purchases
  • set up at least one ACH debit or direct deposit using online bill payment
  • subscribe to electronic bank statement
  • acess online banking at least once per statement cycle

In case you do not meet the requirements, you will not receive your ATM refunds but you still get to ean the credit union’s base interest rate of 0.05% APY. You still get a chance to earn their best interest rate for the high yield reward checking account on the following month when you meet the requirements. Take note that interest rates are subject to change any time so make sure to always check on those numbers.

This best checking account also provides great benefits like: free bill payment and online banking, unlimited check writing privileges, no minimum balance required, and receive overdraft privileges. You may complete the application on the credit union’s website to take advantage of this best reward checkinga account.

Individuals who want to become a member will have to pay a one time membership fee of $5 with Consumer Cooperative Association and deposit a minimum of $5 on your share savings account. You may also call customer service if you have questions with regards to their membership thru 877-275-2228.

Consumers Credit Union is located in the cities of Volo, North Waukegan, Gurnee, Round Lake Beach, Mundelein and Waukegan in the state of Illinois.

The credit union was established in 1970. Currently, they have grown and already have 54,484 members and have over $551.4 million in declared assets. They are insured by the National Credit Union Association with charter number 68588.

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Posted on 9th June 2011 by Randell in Credit Union Reward Checking Account

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