MCT Credit Union is offering a high yield savings account which could possibly be the best in all of Texas today. This is called the Kasasa Savings account and it earns an impressive 2.00% APY for balances of up to $25,000. This is a pretty high cap balance for such a generous offering, it’s also listed as a high interest savings account.

The best think about this savings account is that it has no minimum balance requirement. This means that for balances between $0.01 and $25,000, you get to earn the top tier which is 2.00% APY.  You also earn 0.50% APY for balances exceeding $25,000. Of course, to earn these high yields, there is a catch. You need to open a Kasasa Checking account and meet all of its requirements. Otherwise, you only earn 0.13% APY for all balances.

To qualify for the top yields, you need to complete 10 check card transactions every month, make one ACH or direct deposit or a bill payment through your account, and agree to receive online electronic bill statements. If purchasing goods using check cards is convenient for you, this is a good savings account deal.

Only specific counties in Texas are covered by the MCT credit union so the membership field can be pretty limited. If you live, worship or work in Jefferson, Hardin, or Orange, you qualify for the membership. To be on the safe side, though, visit their Membership page for more details. Prepare $25 too because you’ll need this to open your Savings Account—a requirement if you want to be a member.

A branch visit is also necessary to complete your application. MCT Credit Union branches are located at the Texan cities of Orange, Nederland, Lumberton, Port Neches. The CU is sound with 18,592 members and 141 million worth of assets. It remains unrated by both Bankrate.com and Bauerfinancial.com but it is federally insured and a member of the NCUA via NCUA Charter # 67646.