Find out more about Municipal Employees Credit Union RewardChecking Account here.
Available nationwide, you can earn a generous 3.00% APY with a maximum balance of $10,000 on their RewardChecking Account.
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About Municipal Employees Credit Union RewardChecking
Established in 1936, MECU Credit Union was originally known as the Municipal Employees Credit Union. They now serve individuals and local businesses throughout the Baltimore area. Additionally, they’ve evolved their technology and convenience, with access to thousands of free ATMs and state-of-the-art mobile banking.
|Eligibility: We have relationships with more than 300 local companies that offer MECU membership regardless of your location. Learn more about membership eligibility here.|
Continue on to learn more about the MECU RewardChecking Account below.
Municipal Employees Credit Union RewardChecking Rate
Residents nationwide can earn a generous rate on balances up to $10,000. With a low minimum deposit, you will be able to enjoy the rate to its full potential!
- What you’ll get: 3.00% APY up to $10,000
- Eligible Accounts: RewardChecking Account
- Credit Inquiry: Unknown, let us know
- Where it’s available: Nationwide (Branch Locator)
- Opening Deposit: $25
- Credit Card Funding: Unknown, let us know
- Monthly fee: None
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
|Axos Business Savings||0.20% APY + $100 Bonus||Review|
How To Earn Up to 3.00% APY Rate
- Open a RewardChecking Account with an opening deposit of $25.
- Meet the following requirements each month to receive the 3.00% APY rate:
- 12 debit card purchases during each monthly cycle
- One direct deposit, bill pay or automatic ACH payment
- Enrollment in free E-statements
|Balance Requirement||APY Rate|
- Earn 3% APY on qualifying balances below $10,000
- No monthly maintenance fee or minimum balance requirement
- Stay in control with our easy-to-use Mobile App
Alternative Rewards Accounts To Consider
Earn up to 1.25% APY with the Axos Bank Rewards Checking account while enjoying a suite of digital tools for smarter money management. This is banking, redefined.
• Never pay monthly maintenance fees again
• No Need to Keep a Minimum Balance to Avoid Fees
• No Overdraft or Non-Sufficient Fund Fees
• Make Unlimited Withdrawals From Any Domestic ATM for Free
With the Discover Cashback Debit Account:
• Earn 1% cash back on up to $3,000 in debit card purchases each month, which lets you earn up to a total of $360 Debit Card Cashback Bonus per year.
• Anyone can open a Discover Cashback Debit account online
• No monthly fees or monthly balance requirements
• With over 60,000 no-fee ATMs in the U.S., Discover is always nearby.
• Move money easily and securely with just a few clicks or taps (transfers to existing discover accounts are immediate)!
• Manage your account and avoid late fees by paying bills online.
• Deposit checks on the go with your phone or automatically with direct deposit.
This account offers one of the highest rates nationwide, so if you qualify for membership be sure to take advantage of this account. Additionally, there is no monthly fee and you will be able to access great account features such as their mobile app.
Lastly, let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Rewards Checking!
Check back often to see the latest info on Municipal Employees Credit Union’s RewardChecking Account.