Below is a short history of Florida Central Credit Union’s “Ultimate Checking Account,” chronicling the interest rates, features, terms and conditions from 2009 to 2013. The Ultimate Checking Account by FCCU remains as one of the most popular rewards checking accounts of 2013.
Update 2013
Even though Florida Central Credit Union’s popular “Ultimate Checking Account” has seen it’s rate drop significantly since 2009, it still provides a yield of 3.50% APY on balances up to $10,000 in 2013. To put this in perspective, this is nearly 3 times the current national average for money market rates. On balances above $10k the account provides a 1.0% APY, and just 0.10% APY on balances above $15k.
[View all of Florida Central Credit Unions Checking Accounts Here.]
Complete list of features, terms and conditions:
Archived Offers:
- Offer from Archive July ’12 -
July 2012: The interset rate and terms and conditions of this offer have changed. As of 2012, you can still earn a very respectable 4.0% APY on balances up to $15,000, however, you’ll need to tie in a loan account as well and have an outstanding balance of at least $5,000 on this account. If you dont have a loan account and simply meet the old list of requirements (shown from the archived offer below) then you’ll earn 2.50% APY on balances up to $15k. Compare this to 2012′s top rewards checking accounts.
What we particularly like about Florida Central Credit Union’s reward checking account offers is that they apply a 1.0% APY to balances above the $15,000 threshold, so even if you carry a larger balance, you will still receive an overall interest rate that is well above anything you can currently get on a money market account or online savings account.
- Offer from Archive Feb ’09 -
Florida Central Credit Union is currently offering all of it’s customers a free “Ultimate Checking Account” in which they will give you an astonishing 6.01% APY on all balances up to $25,000. This rate is subject to change without notice, so if you do open an account with them be sure to check your e-Statements regularly. Also, if your balance exceeds $25,000 you will earn a 1% APY on the additional amount.
High-Yield Checking Account Highlights:
- free use of ATMs nationwide
- 6.01% APY on all balances up to $25,000
- No monthly fee and no minimum balance required
- Free Bill Pay
- Free Online Banking
- An overdraft privilege of $300/$700
- Free check card
Terms and Conditions to receive 6.01% APY:
You must make 12 check card transactions per month, 1 direct deposit or ACH auto debit and enroll to receive e-Statements.
About Florida Central Credit Union
Florida Central Credit Union was established in 1958 originally as Tampa Central Credit Union. They service the greater Florida area and are geographically exclusive to the southeast. They currently offer such savings products as high-yield checking accounts, high-yield federally insured deposit products (ie. certificates of deposit) and money market accounts. They also offer several loan products (auto, home, mortgage, personal, business, etc).
Locations and Reviews:
