Explore Bankrate's 2015 High-Yield Checking Survey: Great Lakes Credit Union
Great Lakes Credit Union in north Chicago offers Ultimate Checking for a 3 percent annual percentage yield and a relatively low account balance to earn it. 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.
Great Lakes Credit Union
Location: North Chicago
|Default APY %||0|
|Monthly debit transactions required||10*|
|Bill pay or automatic withdrawal required?||Y|
|Direct deposit required?||Y|
|APY % above cap||0.05|
Ultimate Checking: Available nationally. For the 3% APY: 10 debit card purchases per month totaling $100 or more (signature purchases only, no returns, PIN or ATM). $500 direct deposit, 10 debit card purchases and e-statements are required monthly. Pay 1 bill per month through bill pay or log in to mobile banking once per month. $500 direct deposit or 5 debit card purchases in a statement cycle; account holder gets no interest, monthly fee or minimum balance requirement. Monthly fee: $5 if none of the above requirements is met. Balance above $10,000 yields 0.05%, if requirements are met. ATM refund: $5 max per statement cycle 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.