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News Now

CU System
CU rewards checking gets nerdwalletspotlight
MADISON, Wis. (1/25/13)--The benefits offered by many credit union reward checking accounts go above and beyond those included in free checking accounts, and nerdwallet.com highlighted these benefits and some credit unions that offer them in a recent article.

"Many credit unions offer rewards checking accounts that not only offer the same benefits as free checking accounts, but they also earn interest--sometimes really good interest! They also might give you little perks like ATM fee refunds to show you that they appreciate your membership," the article noted.

Rewards checking account programs highlighted in the article include:

  • McGraw-Hill FCU, New York, N.Y.'s, S3 Account, which offers a 1% annual percentage yield and monthly ATM fee refunds for account users that make one direct deposit each month;
  • The e.Rewards Checking accounts offered by ELGA CU of Burton, Mich. An APY of 1.76% on balances up to $25,000 and monthly ATM fee refunds of up to $25 are available to members that make 10 check card purchases, a minimum of one direct deposit and meet other qualifications; and
  • Deseret First CU's First Choice Checking, which offers 10-cent refunds on debit card purchases of more than $5, $25 in monthly ATM fee refunds and an APY of 1%.
To read the article, use the link.
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