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.
American Express Personal Savings Account - You earn 0.60% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 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 Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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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. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase SavingsSM | $150 Cash | Review |
| Axos Bank High Yield Savings | 0.81% APY | Review |
| Simple | 0.80% APY | Review |
| Axos Bank High Yield Money Market | 0.70% APY | Review |
| American Express High Yield Savings | 0.60% APY | Review |
| CIT Bank Money Market | 0.60% APY | Review |
| Discover Bank Online Savings | 0.60% APY | Review |
| CIT Bank Savings Builder | 0.55% APY | Review |
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
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.
| PROMOTIONAL LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase SavingsSM | $150 Cash | Review |
| Chase Private Client | $2,000 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking | $150 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Simple | Up to 0.80% APY | Review |
| American Express High Yield Savings | 0.60% APY | Review |
| CIT Bank Money Market | 0.60% APY | Review |
| Ally Invest | Up to $3,500 Cash | Review |
| E*TRADE | $0 Commissions | Review |
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!!!