Our First Choice Checking is designed for our members who want to earn interest on their Checking account balances. Take advantage of 4.99% APY* interest on checking balances up to $10,000.00 and 0.01% APY for balances greater than $10,000.00. In order to receive monthly interest bonus, you must have a Debit Card and be enrolled in e-Statements.
Plus, you must also have any 2 of the following:
- VISA® Credit Card
- Consumer Loan
- Money Market, IRA or Share Certificate
- ID Theft Program
Plus Perform 1 of the following:
- At least 12 debit card transactions per month
- At least 7 electronic transactions – ACH, e-Pay, e-Banking, Direct Deposit
- 0.25% APY increase on new and renewed certificates (minimum 1 year)
- 0.50% APR discount on new consumer loans
- Member Referral Program – We’ll give you $25 when you refer a friend or family member to the credit union
Click here for more information about this account or to get started.
Do you already have a checking account that you’d like to convert to a First Choice Checking? Click here to make the switch.
*APY = Annual Percentage Yield. In order to receive the interest bonus on the First Choice Checking accountholder must have a debit card and be enrolled in e-Statements; plus have 2 of the following: A VISA® Credit Card, consumer loan, a mortgage, a qualified savings product (Money Market account, IRA or Share Certificate), or be enrolled in the ID Theft program (VISA® or Moneyline Line of Credit must have $1000.00 balance or greater at end of calendar month to qualify); plus perform 1 of the following: At least 12 debit card transactions per month or at least 7 electronic transactions – can include ACH, e-Pay, e-Banking, or Direct Deposit. Qualified transactions must post to the account during the monthly statement cycle. If each of these requirements is met at the end of the month, the interest bonus will be deposited at the beginning of the following month. Interest will be calculated based on the average daily balance method and will be paid at the rate of 4.99% APY for balances up to $10,000.00 and 0.01% APY for balances greater than $10,000.00. May be subject to 1099 reporting. Rewards and rebates will be paid on a per account basis. Only one account per member number. Rates are determined by the Board of Directors and are subject to change at any time without notice. Other terms and conditions may apply. Nutmeg State Federal Credit Union is federally insured by the National Credit Union Administration.