bank rates

Omaha Deal On Rewards Checking: 4.15%

We’ve found another local deal that pays better than 4% on rewards checking.

Deal is good on balances up to $15,000Omaha-area residents can take advantage of the 4.15% APY deal on balances up to $15,000 offered by Mutual First Federal Credit Union.

This account pays a higher rate than the best nationally available deal and applies to a higher balance. Consumers Credit Union of Waukegan, Ill., which has the best national deal, offers a 4.09% APY on balances up to $10,000.

The rates offered by either credit union are a stark contrast to many banks, which up until recently were paying impressive rates on high-yield checking accounts for consumers nationwide.

Now most have stopped accepting new applicants, or have placed geographic restrictions on their offerings.

Mutual First Federal’s rewards checking account is available to anyone who lives, works or goes to school in the Omaha area, and you need a minimum $100 deposit to open an account.

To earn that top rate, you need to make 12 debit card purchases per month, have one direct deposit and sign up for eStatements.

If you don’t meet the qualifications in a certain month, you’ll earn 0.10% APY that month. Balances above $15,000 earn 0.50% APY.

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Comments (1)
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One Existing Comment
  1. Kathy at Bankaholic said:
    on May 18th at 07:50 am

    You can still get this deal as of May 18, 2011.