Posted by Trey Reeme on April 3, 2009 03:18 | Comments (2)

I saw some interesting data today on Bankrate.com. Looking at 11 Houston-area financial institutions, the average interest rate paid on checking is, as of today, 0.219% plus average monthly fees of $9.

TDECU members rejoice! Today we upped our interest rate on checking accounts to .75% APY and the kicker is there's no minimum balance to earn interest or monthly fees on the account.

Pretty good, eh?!

Share Insurance now $250,000We just got word from CUNA that: Today's passage of the Emergency Economic Stabilization Act...We're Heading BackIt's been a long couple of days but we're heading back now. Our Angleton branch has power a...Hurricane Ike: TDECU Alert (9:27 AM Saturday)We don't know the full extent of the damage in our communities yet, but we have a plan and commitmen...

Comments

Mike, that’s a good question. Relative to our checking account, based on today’s rates we actually offer higher rates for other deposit products including certificates of deposit and money market accounts, for example.

Our basic share savings account is what establishes membership in the credit union, and we have other savings-type products. As many people use a checking account rather than savings account for day to day transactions, the bump up of our checking rate offers checking account holders a higher rate. If you’re looking for a higher rate on more traditional savings-purpose accounts, our other deposit products could be a great fit.

Add comment

Name*
E-mail*
Website
b i u quote

Notify me when new comments are added

Blog Search

Month List

Twitter

Disclaimer

Raising the rate on Checking Accounts

Related posts

Comments

Add comment

Blog Search

Month List

Categories

Twitter

Blog Roll

Disclaimer

Raising the rate on Checking Accounts

Related posts

Comments

Add comment