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7.01% MidWest America Fed CU - Reward Checking


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#1 TomMarc

TomMarc

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Posted 05 August 2008 - 03:04 AM

MidWest America Federal Credit Union is offering 7.01% APY on their Reward Checking account for balances up to $25,000.

Requirements:
- 10 debit card transactions
- One ACH debit or credit transaction
- Sign up for E-statements
(when these aren't met rate drops to .11% for that month)

Benefits
- Free bill pay
- ATM fee refund (up to $25/month)
- Electronic statements
- Internet banking

Credit Union membership requires $5 Share deposit in savings account.

It's intended to be only a LOCAL promotion (Indiana, Illinois, Kentucky), BUT through a loophole people nationwide have been able to join. They have an extensive Field of Membership List which includes Allen County SPCA members. It appears anyone can join for only $25 and doing so enables you to qualify for this account.

They've been offering this account since February 08 aparently.

Application forms are available online, you need a notarized signature on your app and copies of both your driver's license and SS card.







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