Explore Bankrate's 2015 High-Yield Checking Survey: 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 2015 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
|Default APY %||0.01|
|Monthly debit transactions required||12*|
|Bill pay or automatic withdrawal required?||Y*|
|Direct deposit required?||Y*|
|APY % above cap||0.2|
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. 1 direct deposit, automatic debit or bill pay is required. Must access online banking once a month and enroll in e-statements. Balances of $10,000.01 to $24,999.99 yield 0.2%; $25,000 and above yield 0.1%, 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 from March 16 to March 25 and has displayed data on 56 high-yield checking accounts.