Erie General Federal Credit Union still offers their high yield checking account called HD Checking which gives a top interest rate of 5.12% APY if the following monthly requirements are met:

· Complete at least 12 transactions using the debit card

· Make one transaction via ACH

· Maintain a daily balance of $500

· Use bill payment system, enrol in online banking, and opt for eStatements

If the monthly requirements are not satisfied, the base interest rate of 0.10% APY will apply to this high yield checking account. This money in the bank deal does not give dividends to portions of funds above the average daily balance going beyond $25,000.

It seems that there are no monthly service fees that apply but it will be best to ask the bank before opening the account since this is not clearly stated on the website.

The membership to this credit union is open for those who live, worship, or work in the Erie or the Crawford County in Pennsylvania. You can also become a member via family who’s an existing member or through a relative who qualifies for membership. You can check out their membership page to know the exact details of how you can sign up. The group requires a share savings deposit of at least $25.

Erie General Electric Federal Credit Union has offices in North East, PA and in Erie, Grove City. Erie Genera l Electric is listed with the NCUA.