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finder.com’s rating: 4.0 / 5.0
★★★★★
Due to their size and structure, credit unions often offer more personal banking experiences and competitive rates. Consumers Credit Union Rewards Checking account is a prime example. It offers an eye-popping 4.09% APY, total reimbursement on all ATM fees and more — all without a monthly fee.
$0 per month
Fee
Up to 4.09%
APY
$5
Minimum deposit to open
APY | 4.09% on balances of $0 to $10,000 with eDocuments, debit card purchases, direct deposit and credit card purchases 0.20% on balances of $10,000.01 to $25,000 0.10% on balances of $25,000.01+ |
---|---|
Fee | $0 per month |
Minimum deposit to open | $5 |
ATMs | Over 30,000 ATMs and access to over 5,000 shared branches |
ATM transaction fee | $0 |
ATM fee rebates | In order to get reimbursed for ATM fees, you’ll need to meet the minimum interest requirements. |
Overdraft fee | $30 |
Nonsufficient funds fee | $30 |
Review by
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
The Consumers Credit Union Rewards Checking account offers $0 monthly fees and up to 4.09% APY — the highest interest rate we’ve come across, even among savings accounts. The account is best for those who plan to keep balances up to $10,000 and spend $1,000 or more in CCU credit card purchases a month.
If you don’t meet these requirements, you won’t earn the advertised rate.
You can open the Consumers Credit Union Rewards checking account online in minutes:
In order to open this account, you must meet the following eligibility requirements:
When you apply for this account, you’ll need to provide personal information that includes:
We gathered a quick comparison of similar accounts to help you decide if Consumers Credit Union Rewards Checking is right for you. For more options, select “Compare accounts” to compare even more accounts for your spending needs.
We gathered a quick comparison of Consumers Credit Union Rewards Checking and similar accounts to help you decide which one is best for you. To keep looking, select “Compare accounts” to compare even more checking accounts.
Consumers Credit Union Rewards Checking
★★★★★
Go to site |
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Fee $0 per month |
APY
4.09% on balances of $0 to $10,000 with eDocuments, debit card purchases, direct deposit and credit card purchases
|
Minimum deposit to open $5 |
ATM network Over 30,000 ATMs and access to over 5,000 shared branches |
HSBC Premier Checking
★★★★★
Go to site |
---|
Fee $50 per month |
APY 0.01% on balances of $5+ |
Minimum deposit to open $1 |
ATM network Free to use at all ATMs in the US |
Chime Spending account
★★★★★
Go to site |
---|
Fee $0 per month |
APY N/A |
Minimum deposit to open $0 |
ATM network 38,000 fee-free ATMs nationwide |
Compare even more checking accounts
This NCUA-insured checking account comes packed with useful features and benefits:
Keep in mind, even if you meet the requirements to earn the highest APY tier, it will only apply on balances up to $10,000. And in order to earn the advertised APY, you’ll need to meet a few conditions. Otherwise, you’ll only earn 0.01% APY:
This account comes with a Visa debit card with chip technology, allowing you to shop securely almost anywhere. Consumers Credit Union has over 30,000 ATMs and 5,000 shared branches. But if you need to visit an out-of-network ATM or branch, any and all fees will be reimbursed.
While this account is one of the strongest checking options available right now, there are a few things you should watch out for:
If you prefer a high-interest rewards account that can hold more than $10,000, you’ll want to keep looking. As always, compare your options when looking for a checking account.
You can open this account with $5, but you’ll need to become a member of the credit union by purchasing and holding one $5 share.
There are several ways to deposit or withdraw funds from your Consumers Credit Union Rewards checking account:
There are a few ways you can get in touch with customer service:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.