Oregon Community Credit Union (Oregon CCU) has a killer 6.01% APY checking account. Oregon CCU is a credit union.
Credit unions are banks that are cooperatively owned. They usually serve groups that have something in common, like where they work or live. Credit unions are non-profit and exist solely to help their members get better deals on banking.
When it comes to credit unions, it is important to check first to see if you are eligible to join. Some credit unions are restricted to employment. For instance, only teachers can join some banks. Nevertheless, there are also many credit unions that have very lax membership requirements.
Unlike financial banks, which are regulated by the FDIC, credit unions are regulated by the NCUSIF (National Credit Union Share Insurance Fund). The NCUSIF insures all eligible deposit accounts up to $100,000. This is the same amount that the FDIC insures deposits.
The Oregon CCU account has a few requirements for getting the 6.01% APY interest rate on their checking account.
Qualifying for 6.01% APY and ATM fee refunds is so easy, many people already do. The list of free monthly† requirements is short and sweet:
* Active enrollment in eStatements.
* Login to Internet Banking at least once a month.
* Make one electronic deposit or withdrawal (ACH) monthly (includes direct deposit).
* Make at least ten debit card transactions monthly.
To get started or to learn more about the simple monthly requirements for this account, stop by any Oregon CCU branch or call 800.365.1111.