Here you will find the latest info about the Orion Federal Credit Union Premium Checking account.
For residents nationwide, Orion Federal Credit Union is offering 1.00% APY with their Premium Checking Account on balances up to $10,000.
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About Orion Federal Credit Union Premium Checking
Orion Federal Credit Union is headquartered in Memphis, Tennesse and is the 7th largest credit union in the state. It was established in 1957 and has grown to over 70,000 members at 10 locations. Even though this is a credit union, residents nationwide can become a member and open an account. See membership details below.
| Eligibility: Membership in Orion Federal Credit Union is open to anyone through volunteering to donate $10 to one of five organizations through the credit union: Habitat for Humanity Greater Memphis, Hope House, Porter-Leath, Ronald McDonald House, and Wolf River Conservancy. Membership is also open to residents of Shelby, Tipton, and Fayette Counties in Tennessee; Desoto and Marshall Counties in Mississippi; and Crittendon and Mississippi Counties in Arkansas (membership details are listed in the credit union’s online application). See current membership details |
Continue reading for everything you need to know about the Premium Checking Account below.
Note: Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
Orion Federal Credit Union Premium Checking Rate
Members nationwide can earn a 1.00% APY on balances up to $10,000. There is also no minimum account balance so you will be able to enjoy the rate on all balances up to $15k.
- What you’ll get: 1.00% APY up to $10,000
- Eligible Accounts: Premium Checking Account
- Credit Inquiry: Hard Pull via Equifax
- Where it’s available: Nationwide
- Opening Deposit: No minimum
- Credit Card Funding: Unknown
- Monthly fee: $5, can be waived if you meet the account requirements below
(NCUA Insured)
Editor’s Note: Effective April 1, 2020, You are no longer required to have 8 transactions. Instead, spend at least $500 on your Orion debit or credit card to qualify. All signature and PIN based purchases will count toward the $500 minimum.
How To Earn Up to 1.00% APY Rate
- Sign up with Orion Federal Credit Union and open a Premium Checking account.
- Start earning their APY rate after completing the requirements each month:
- Meet the tiered balance requirement
- Spend at least $500 on your Orion debit or credit card to qualify.
| Balance Requirement | APY Rate |
| $0 – $10,000.00 | 1.00% |
| $10,000.01 to $100,000 | 1.00% to 0.32% |
| $100,000.01 to $250,000 | 0.32% to 0.16% |
| More than $250,000 | 0.16% to 0.01% |
Account Features
- Free checks
- Online and mobile banking
- Out-of-network ATM fee reimbursement
- Free bill pay
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. • Zero monthly maintenance fees • Zero overdraft or NSF fees • Zero minimum monthly balance reqs • Unlimited domestic ATM fee reimbursements • Online debit card management • Simple, 3-step process for direct deposit • Only $50 to open an account |
Bottom Line
1.00% APY for a checking account is hard to beat. On top of that, if you meet the monthly account requirements, there are no monthly fees! However, this offer does trigger a hard pull which should be put into consideration.
Let us know about your experience with this credit union and comment below.
For more offers, see the complete list of Best Rewards Checking!
Check back often to see the latest info on Orion Federal Credit Union Premium Checking Account.
Yes, this does happen at some stores automatically. Walmart, Sam’s and Publix are a few.
It is my understanding that you have to use your Orion debit card as a credit card for the eight purchases needed. I recently used my card eight times as a credit card at two different stores, and all the purchases showed up in my Orion account as POS (point of sell) even though I did not use my pin number. Therefore, Orion will not count them as my needed transactions. Has anyone else experienced this.
Thank you for your Orion qualifications information and your post have earn consumers thousands of dollars .
My Debit card transactions qualify for the 8 debit card transactions to qualify for 4 %. I will tell all my friends and family about Hustlermoneyblog.com. Thank you!!!