bank rates

Washington State Deal: High-Yield Checking On Balances Up To $50,000

If you live or work near Vancouver, Wash., People’s Community Federal Credit Union has a sweet deal — or two.

People's Community Federal Credit Union is offering 2.75% APY on high-yield checkingIt’s offering a high-yield checking account with 2.75% APY on balances up to $50,000.

Sign up for a savings account, too, and earn 7.50% APY on deposits up to $750.

While a number of nationally available deals beat People’s Community’s rate, it’s unusual to find a rate that’s good for balances of up to $50,000.

Liberty National Bank of Lawton, Okla., which has the top nationally available deal, offers a rate of 4.11% APY, but it only applies to balances of $10,000 or less.

To earn the 2.75% APY on People’s Community’s Loyalty Checking account, each month you must make 10 debit card transactions, make three online transactions, and make deposits of $350 or more.

You need a $100 minimum deposit to open the account and must sign up for eStatements.

If you don’t meet the requirements, the APY falls to 0.25% for the month.

Once you have a Loyalty Checking account in place you can open a Loyalty Savings account with a whopping 7.50% APY for balances up to $750. Savings balances above $750 earn 0.25% APY.

It takes a $100 minimum deposit to open the Loyalty Savings account, and you must keep a $100 minimum balance in your Loyalty Checking account to earn the top savings rate if you’re between the ages of 18 and 64.

Seniors don’t need to maintain a minimum.

Credit union membership is open to people who live or work in Clark, Cowlitz or Skamania counties in Washington state.

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Comments (3)
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3 Existing Comments
  1. Rachael said:
    on February 12th at 09:16 am

    Great story. But I find it entertaining the picture posted with the article is of Mt. Hood which is in Oregon. Mt. St. Helens would have been a better choice!

  2. Kathy at Bankaholic said:
    on March 16th at 09:57 pm

    People’s Community Federal’s rates are still available as of March 16, 2011.

  3. Kathy at Bankaholic said:
    on March 30th at 09:40 am

    You can still get People’s Community’s rates as of March 30, 2011.