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2014 high-yield checking: Consumers Credit Union

Checking » High-Yield Checking » Credit Unions » Consumers Credit Union

Consumers Credit Union in Waukegan, Illinois, offers Free Rewards Checking, with a high annual percentage yield and a low balance cap. Bankrate's 2014 High-Yield Checking Survey breaks down the returns you can get with each account and the hoops you'll have to jump through to get them.

Consumers Credit Union

Location: Waukegan, IL

Nationally offered?APYAPY if conditions not metMonthly debit transactions requiredBill pay or automatic withdrawal required?Direct deposit required?Balance cap
Nationally offered? YAPY: 3.09%APY if conditions not met: 0.01%Monthly debit transactions required: 12*Bill pay or automatic withdrawal required? Y*Direct deposit required? Y*Balance cap: $10,000

Notes:

  • Free Rewards Checking: Available nationally.
  • Tiered APY 2: 4.09% -- Must meet the requirements to earn 3.09% APY and complete 12 Consumers Credit Union Visa credit card purchase transactions.
  • No minimum purchase requirement.
  • Tiered APY 3: 5.09% -- Must meet the requirements to earn 3.09% APY and spend at least $1,000 in credit union Visa purchase transactions, regardless of the number of purchases.
  • At least 12 debit transactions must be signature-based, not PIN.
  • One direct deposit, automatic debit or bill pay is required.
  • Must access online banking once per month and enroll in e-statements.
  • Balances of $10,000.01 to 24,999.99 yield 0.20%; $25,000 and above yield 0.10%, if requirements are met.
  • ATM refund: Unlimited, if requirements are met.

*See notes section for more details.

Bankrate.com canvassed banks, thrifts and credit unions March 10-13 and reports data on 56 high-yield checking accounts offered by 54 institutions.

 

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