Louisiana’s OnPath Federal Credit Union has recently launched its Rewards High-Yield Checking account, a promising option for savers.
This account boasts an impressive 7.00% APY on qualifying balances up to $10,000, with a minimum opening deposit of just $25.
This opportunity is not limited to local residents; it’s available to all U.S. citizens and residents who meet easy membership requirements.
*RATES AS OF 8/12/2024
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Offer Summary
- High APY: 7.00% on qualifying balances up to $10k.
- Minimum Opening Deposit: $25.
- Membership Requirements: Easy to fulfill for U.S. citizens and residents.
- Account Benefits: Cash back options and ATM fee reimbursements.
- Account Limitations: One account per member, monthly fee waiver conditions.
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Qualifying Requirements
To earn the stated APYs for the Rewards High-Yield Checking or Cash Back Rewards Checking accounts, members must:
- Complete at least 15 debit card purchases.
- Log into online or mobile banking once per qualification cycle.
- Enroll in and receive eStatements.
The account can be opened with a $25 minimum deposit.
There’s no minimum balance requirement for earning rewards, and a $6.95 monthly fee is waived with an average daily balance of $500.
Interest is credited on the last day of the statement cycle.
If qualifications are met, unlimited nationwide ATM fees up to $10 are reimbursed per cycle.
Cash Back Rewards Checking
This account offers 5.00% cash back on debit card purchases, capped at the first $200 in monthly purchases.
The maximum annual earnings are $120.
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Availability
OnPath Federal Credit Union’s field of membership now includes a wide range of individuals.
This includes residents of specific Louisiana communities, employees and retirees of over 600 SEGs, and immediate family members of those eligible.
Membership can be started with a $5 deposit into a Primary Share Account.
Credit Union Overview
OnPath Federal Credit Union, established in 1961 and rebranded from ASI Federal Credit Union in 2019, is the ninth largest credit union in Louisiana.
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Pros & Cons
Pros
- High 7.00% APY on balances up to $10k.
- Easy membership requirements.
- No minimum balance requirement for rewards.
- Cash back options available.
Cons
- Higher qualifying balances would be beneficial.
- Limited to one Rewards High-Yield Checking account per member.
- Monthly fee unless a certain balance is maintained.
Our Take on the Offer
OnPath Federal Credit Union’s Rewards High-Yield Checking account is a noteworthy option in today’s financial landscape.
The 7.00% APY is significantly higher than many competitors, making it an attractive choice for savers looking to maximize their interest earnings.
The additional benefits of cash back rewards and nationwide ATM fee reimbursements add to its appeal.
However, it’s important to consider the monthly fee waiver requirements and the limit of one account per member.
Overall, this offer provides a valuable opportunity for those who can meet the qualifying criteria, making it a compelling choice for savers prioritizing high returns on their deposits.
See more:
- OnPath Credit Union Bonus: $150 Referral For Each – No End Date
- OnPath Credit Union Bonus: $40 Swagbucks Offer – No End Date
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