4.0% dividend rate from Pacific Resource Credit Union

June 29, 2009 No Comments »

Pacific Resource Credit Union CD RateAnother high yield checking account just came into our inbox early this week. It’s offered by a not-for-profit credit union out of California. Currently Pacific Resource Credit Union has a “high flying checking account” yielding an APY of 4.00% for balances of $25,000 or less. For balances of $25k to $250k you can still earn 1.329% APY if all conditions are met.

A noteworthy aspect of their high flying checking account is the “dividend rate range” associated with balances of $25k or more. With $25k or less you are clearly set to earn an APY of 4.074%, however with balances of $25k to $250k you can earn APY’s anywhere from 1.329% to 4.25%. Right now the yield is set at 1.329, however this is a variable rate and can change at anytime without notice – but is guaranteed never to dip below 1.329% APY.

Checking Account Requirements:

  • 10 debit card transactions per cycle
  • eStatement required
  • 1 direct deposit or ACH auto debit per cycle

Checking Account Benefits:

  • Earn up to 4.074% interest every month
  • No minimum to open
  • No minimum balance
  • Up to $25 in ATM fees refunded per cycle
  • Free Online Banking
  • Free Resource Bill Pay
  • Overdraft Protection Available
  • Free Visa Debit Card
  • Free eStatements
Even though Pacific Resource Credit Union is located in Las Angeles, California, US residents nationwide can take advantage of this financial product!
Pacific Resource Credit Union is not a large credit union by any measure. They have just over 9,000 members and only 22 employees. By asset size, they are the 150th largest credit union in California alone – not even in the top 1,000 credit unions nationwide.
Our take:
Despite their size, Pacific Resource Credit Union offers some very respectable rates on both their deposit and savings products. If you do decide to open a CD with Pacific Resource Credit Union, or any banking institution for that matter, we would recommend going with a longer termed deposit as rates are scheduled to decline until flat-lining near 0-1 percent. The FED has made it quite clear they aim to keep key rates extremely low until we have noticeably recovered from this recession.
Updated Offers: Check out our archive of Rewards Checking Accounts to get the most recent offers in your area!
Visit PRCU.org for further information.

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