When opening a new checking account, a high interest rate is the first thing people usually look for. And what’s not to love? Getting the highest growth and return for your money is what we’re all after.

This is exactly what the Florida Central Credit Union had in mind when it introduced its Ultimate Checking Account. Ranking on top of the rewards checking trend these days with its whopping 4.25% APY, it provides the best in checking account offers.

The Ultimate Checking Account

The 4.25% APY is applicable to balances of up to $15,000. This is a far cry from Southern Bank’s 4.01% and First Federal Bank’s 3.50% APY on the same balance amount. These runners-up are trailing far behind the Ultimate checking account, which also offers considerable APY rates for the following conditions:

2.75% APY – If only three qualifications meet the $15,000 balance
1.00% APY – If balance is over $15,000
0.10% – If no qualifications are met

Qualifying for it

What do you need to do in order to get the optimum interest rate of 4.25%? First off, you must meet several requirements, which you should comply to qualify monthly:

 12 debit card purchases post and clear at the least
 1 Direct Depositor or Automatic Payment post and clear
 Loan balances should be no less than $5,000
 Have paperless eStatements

If you fail to meet all qualifications, you can still wait out for the next cycle, while enjoying the 2.75% APY. And while waiting, you can still have unlimited debit card and check transactions, whilst maintaining the 0.10% base rate. As for the total $5,000 loan balances, keep in mind that these should not include market mortgages and credit cards. Plus, you are not required to have a minimum balance just to earn rewards.

Along with these, you also get to have free check cards, receive paperless bank statement, online banking, plus a round-the-clock telephone banking. Great returns and convenience all at once?That’s the Ultimate checking account.

About Florida Central Credit Union

Since its birth in 1958, the Florida Central Credit Union rapidly expanded to carry out its mission of creating a better community charter that caters to the banking and financial needs of people. Over the years, it has grown exponentially. With its recent revamp in the year 2006, stronger credibility became its new cornerstone. This led to the merging of several credit unions in the area under the flagship of the Florida Central Credit Union.