Earn 6.0% APY with the best Rewards Checking Account!
Here is the highest-yielding, interest checking account currently available. Thanks to BankVibe reader Rob for submitting this product over the weekend!
This “interest plus checking account” (as they put it) comes from United Federal Credit Union out of Michigan. Unfortunately for most of us, this product is not available nationwide and you must be a member of this credit union to take advantage of it. As you may already know, these interest checking accounts can be quite demanding of you (the customer) each month. You will want to make sure you know the monthly requirements before committing to any offer.
Interest Checking Account Features from United Federal Credit Union:
- Earn High Bonus Rate of 6.01% APY on balances up to $25,000
- Earn High Bonus Rate of 0.25% APY on balances over $25,000
- Earn Standard rate of 0.10% APY IF you don’t meet qualifications
- ATM fee refunds from other financial institutions nation-wide, up to $25.00 per month (does not include international ATMs)
Additional Benefits from UFCU:
- FREE electronic services: Online Banking (PowerLink) with Bill Pay, instant eStatements and e-mail alerts, and online account aggregation.
- Your savings are insured to at least $500,000; a combination of $250,000 provided by the National Credit Union Administration (NCUA), a U.S. Federal Government agency, and $250,000 by Excess Share Insurance (ESI), a private deposit insurance company.
- Overdraft protection from your savings account(s), along with Courtesy Pay protection up to $1,000 is available to save you embarrassment and expense of Non-Sufficient Funds (NSF) items
- Free private and personal Financial Planning and Financial Seminars
- Free Medallion (Signature Guarantee) and notary services
Requirements to earn advertised interest rate (6.01% APY):
- Enroll in eStatements – receive your statements electronically
- Have One Direct Deposit OR One ACH (Electronic Payment)
- Conduct a minimum of ten (10) Debit Card Swipe and Sign purchases (Credit transactions/Non-PIN based).
