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.