The Waterbury Connecticut Teacher Federal Credit Union has a high interest checking account offering that gives as much as 5.01% APY for balances through $30,000. The special program called A+ Checking Account also gives 1.01% APY for portions of the deposits over $30K. The base rate for this best reward checking account is 0.05%. ATM fees are also refunded by as much $25 every cycle.

The best interest rate for the checking account can be enjoyed as long as the monthly requirements are met:

Checking account holder must make at least 10 purchases through the Visa Check Card
Set up an auto payment, direct deposit, or use the online system for paying bills
Choose to receive electronic statements

The credit union requires a minimum funding of $5 to open the account. They do not impose any balance requirements nor do they collect any monthly service fees.

The membership to the Waterbury Connecticut Teachers FCU is open for parochial school employees and to the locals of certain localities of Connecticut. You may want to check their membership page to see the details of how you can sign up.

The credit union has offices in Danbury and Middlebury in Connecticut.

BauerFinancial stamped their evaluation of the credit union’s performance with 5 stars while bankrate.com issued 3 stars. The credit union is covered by the NCUA through charter number 22.