Waukegan, IL, May 20, 2014: Most everyone has heard the expression, "You need money to make money." For most checking accounts, which require high balances or charge monthly fees in order to earn dividends, the expression could not be more true. Consumers Credit Union (CCU; $617 Million; Waukegan, IL) understands this concept and that's why they recently announced their newly enhanced Rewards Checking product that pays market-leading dividends and has no monthly fees.
CCU's Rewards Checking is a relationship-based product allowing Members to earn dividends ranging 3.09% annual percentage yield (APY) and 5.09% APY on their first $10,000.00 in deposits without any minimum balance requirement. As an additional benefit, Members meeting the qualification requirements also receive rebates on all ATM fees accumulated throughout the month. The product is available for anyone wanting to open a personal checking account throughout the United States exclusively at Consumers Credit Union.
"Consumers Credit Union is excited about this ground-breaking new product," noted Sean M. Rathjen, President/CEO of the Member-owned credit union. "This product was created to combat the rising costs of banking across the country. Because of our unique Associational charter, anyone can join CCU and take advantage of this revolutionary checking account -- no matter where they work or where they live, offering a fantastic opportunity for folks in all walks of life -- from the un-banked to those with high deposit balances -- to benefit from Rewards Checking."
The requirements to earn rewards for the account are based on the habits of most checking accountholders in today's market. It combines the use of Online Banking, electronic statements, direct deposit and electronic or automated bill payment -- services that are all provided for free by CCU to its Members, along with the use of debit and credit cards. Thus, most accountholders earn their rewards with little or no effort.
Another major benefit of CCU's Rewards Checking is there are no fees on the account, even for those who don't meet the requirements. In fact, the credit union still pays a modest rate of interest to accountholders, even if they fall short on the requirements. A complete explanation of account requirements can be found Online at www.myconsumers.org.
For more information about Rewards Checking at Consumers Credit Union, please contact Sean M. Rathjen, President, at 847.782.4670. Consumers Credit Union is Member-owned, with offices in Waukegan, Mundelein, Round Lake Beach, Gurnee, North Waukegan and Volo … and Online at www.myconsumers.org.