RateAPY

Credit Union Checking Account with High Interest Rate Makes Cents

Posted by: RateAPY Bank Rates News
June 4th, 2010

Unless you belong to a credit union through your employer or other large organization, it’s probably not the first place you’d think to look for a new checking account, especially not one paying high interest. You’d be making a mistake to overlook them, though.

Connexus Credit Union, based in Wisconsin, is offering 3.05% interest on checking balances up to $25,000 when you open an account with a minimum of $50. Connexus Credit Union offers membership to anyone in all 50 United States who belongs to the Connexus Association, a non-profit supporting causes in your community such as the American Cancer Society and Big Brothers/Big Sisters. To join Connexus Association, there is a one-time fee of $5 and no further obligations; you’re then eligible to open a Connexus credit union checking account.

Checking Account with Benefits

Here are some of the highlights of this high-interest checking account:

• 3.05% interest rate for balances up to $25,000
• no minimum balance or monthly fee
• ATM fees are reimbursed (to a maximum of $25 each month)
• access to free banking services such as telephone, mobile, and online bill pay
• free identity theft protection, check card and electronic statements

To qualify for these benefits, you must fulfill these requirements each month:

• make a minimum of 15 debit card purchases
• have at least one direct deposit
• receive an electronic statement
• transact a minimum of one online bill pay

For full details and disclosures, contact Connexus Credit Union, and before deciding on this or any other high-interest checking account, compare checking account rates for other financial institutions.