RewardChecking Account

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We're taking high yield-interest checking to new heights.

Earn healthy interest rates on your checking balances by simply using your MECU debit card, signing up for direct deposit, and opting for paperless statements.
Earn 3.00% APY on qualifying balances below $10,000*
No monthly maintenance fee or minimum balance requirement
Stay in control with our easy-to-use Mobile Banking App
Banking with MECU Credit Union in Maryland means belonging to a local financial institution that invests in the Baltimore community and offers competitive rates on checking accounts.

Reap the rewards of an account that works harder.

RewardChecking does double duty as a superb checking account and an effective savings strategy. Qualifying for higher interest rates and ATM fee reimbursements is a breeze. All you need is:

 

  1. 12 debit card purchases during each monthly cycle 
  2. One direct deposit, bill pay or automatic ACH payment
  3. Enrollment in free eStatements
Each monthly cycle that you meet the qualifications, you'll enjoy:
 
  • 3.00% APY* on balances up to $9,999.99
  • 0.15% APY* on balances of $10,000 or more
  • Reimbursements of up to $20 in monthly ATM fees charged by other banks
Don't worry – your RewardChecking account is always free from a monthly maintenance fee and minimum balance requirement, no matter what.
 

2022 Cycle Dates for RewardChecking

  • Mar 30 - Apr 27
  • Apr 28 - May 25
  • May 26 - June 28
  • June 29 - July 27
  • July 28 - Aug 29
  • Aug 30 - Sept 28
  • Sept 29 - Oct 26
Disclosures
*APY = Annual Percentage Yield. Information accurate as of 5/1/2020 and subject to change without notice.  Account transactions and activities may take one or more days to post and settle to the account. All required transactions must post and clear the account during the Monthly Qualification Cycle in order to qualify for the account's rewards. Intra-bank transfers do not count as qualifying ACH transactions. Transactions posted after a specific cycle's qualifying period may be counted toward the subsequent cycle's totals. “Monthly Qualification Cycle” dates are outlined on mecu.com. Reward Information: if qualifications are met each Monthly Qualification Cycle, balances up to $10,000 receive APY of 3.00% and portion of balance over $10,000 earns 0.15% APY, resulting in 0.15% - 3.00% APY depending on the balance. If qualifications are not met, all balances earn 0.05% APY for that cycle.

Reimbursements up to $20 for nationwide ATM withdrawal fees incurred during the Monthly Qualification Cycle in which you qualified. This checking account only. When RewardChecking qualifications are not met, ATM withdrawal fees are not refunded. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. 

See Truth In Savings for full disclosure.