Generous 4.25% APY from Florida Central Credit Union

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.

UniWyo Gives 3.65% – On A Checking Account!

With CD Rates dropping like hot potatoes, it comes as a shock to see a nifty rate of 3.65% (the highest CD at this time is 3% by Navy Federal). But guess what, this incredible rate isn’t even for a certificate of deposit, rather, it’s for a checking account.

Yes, it’s something completely new, and it’s certainly a different kind of rewards checking account. That’s why UniWyo Federal Credit Union has named it the Xtraordinary Checking Account. Instead of giving away iPods or cash, UniWyo is rewarding their customers with higher rates. And that’s not all, you also get the chance to earn some money by signing up to their E-statements.

Just like any rewards card, you will have to qualify for the 3.65% rate. It’s easy though, all you have to do is meet these requirements:

* Sign up E-statements from UniWyo
* Have at least 10 debit card transactions per month with an average transaction amount of $5.00 or more
* Deposit directly to your Xtraordinary Checking account at least once a month
* Have an aggregate deposit/loan balance of $5,000 or more

The best thing about it is, you can qualify monthly! If you missed to make at least 10 debit transactions in a month, you can go ahead and try it again next month without fear of having defaulted from the special rate.

As always, there is the fine print. So here’s what you need to know. The special rate will only apply to balances up to $25,000. All balances over $25,000 will be awarded a rate of 0.15% APY. When qualifications for the month are not met, rates will also be 0.15%. And lastly, the rates are subject to change without prior notice.

So those are the things you need to watch out for with this promotion. If you think you can handle the fine print, then go on and head down to UniWyo. One good thing about the fine print though is that no minimum balance is required. So you won’t suffer from any penalties should you fail to deposit in your checking account. UniWyo is located in of course, Wyoming.

Great Rewards Checking Account at Texas First Bank

Texas First Bank logoTexas First Bank is offering an awesome High Yielding Checking Account to its local customers.

If you live in SE Texas this may be an offer you want to take a look at.

You will earn an unprecedented 3.25% APY on your Checking account.  This would be a very high yield on a savings account let alone a checking account.

Not only will you earn high interest on the balance of the account, but the checking account itself is free.  Plus you will be eligible for ATM fee refunds from ATM’s all over the nation.

Check our the other Rewards Checking Account Offers.

Of course there is some other details and fine print so here you go:

  • 3.25% APY on balances up to $10,000
  • 1.01% APY on portion of balances over $10,000
  • 0.05% APY if monthly qualifications are not met (qualifications below)
  • Nationwide ATM fee refunds (up to $45 per month)
  • No minimum balance
  • No monthly service fee
  • Unlimited check writing
  • Free check card
  • Free online banking with bill pay
  • Free direct deposit
  • Free telephone banking
  • Free mobile banking
  • Free eStatements
  • $50 deposit to open

And here is what it takes to remain qualified to receive the 3.25% APY:

  • Make 10 check card purchases each statement cycle
  • Receive monthly eStatements
  • Set up 1 recurring direct deposit or ACH auto debit

These three things are pretty simple to accomplish withing a given monthly cycle.  If you do not qualify for a particular month you will receive the standard .05% APY for that month, but this is not permanent.  Once you meet all the qualifications for any month after you will receive the 3.25%* and ATM refunds for that month.  (*For balances up to $10,000, and 1.01% on the remaining balance.)

Texas First Bank is FDIC insured and services customers in SE Texas. For more info and to read all the fine print visit here.

You can also find our great list of checking account specials.

First Federal CD Rates Offered

First Federal is now offering a 5 year CD rate of 3.5% APY with a minimum deposit of $1,000 and a 3 year CD rate of 2.65% APY with a minimum deposit of $20,000, this rate drops to 2.40% APY for a $1,000 minimum deposit. Both of these CDs come with an early withdrawal penalty of 180 days’ interest.

The First Federal CDs are limited to residents of North Carolina, South Carolina, Georgia and Florida. You can apply for one of these CDs online and transfer funds through ACH transfer.

You can lock the rate by submitting your application online. The maximum you can deposit into one of these CDs is $50,000 and upon maturity First Federal will mail you a check.

First Federal is also offering a high yield interest checking account called Moolah Checking and is currently paying 2.51% APY for any account up to $25,000. You can find branches in North and South Carolina.

First Federal is rated 3 of 5 stars from Bankrate and is FDIC insured.

You can visit their website here to find more up to date CD Rates.