4
UpvotesWhat is the minimum deposit required to open a Consumers Credit Union Free Rewards Checking account?
Reply
Lisa Cahill
The minimum deposit required to open a Consumers Credit Union Free Rewards checking account is $5.
Consumers Credit Union Rewards Checking
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Consumers Credit Union Rewards Checking Rates
| Balance | APY |
|---|---|
| $0 - $10,000 | 5.00% |
| $10,001 - $25,000 | 0.20% |
| $25,001+ | 0.10% |
Consumers Credit Union Rewards Checking Fees
| None | |
| N/A | |
| N/A |
| N/A | |
| $30 | |
| N/A |
Consumers Credit Union Rewards Checking ATM & Debit Card Usage
| None | |
| ATM Network Size | 30,000 ATMs |
| None | |
| Offered, no limit mentioned |
| 1% | |
| VISA | |
| 1% |
Consumers Credit Union Rewards Checking Additional Info
| No | |
| $0 per month | |
| Membership follows a simple, two-step process: Pay a one-time, non-refundable $5 fee to Consumers Credit Union sponsor, the Consumers Cooperative Association, and then deposit and maintain a minimum $5 in your Membership Share/Savings Account. |
Earn 3.00% APY¹ on up to $10,000 by making at least 12 monthly debit card purchases, having electronic transactions (direct deposit, ACH transfer or mobile check deposit) of at least $500 per month and receiving e-statements.Earn 4.00% APY¹ on up to $10,000 by making $500 in Consumers Credit Union credit card purchases monthly plus all the previous requirements.Earn 5.00% APY¹ on up to $10,000 by making an additional $500 on credit card purchases monthly (for a total of $1,000), plus all the previous requirements.Accounts with more than $10,000 earn 0.10% or 0.20% APY, depending on the balance. If you don’t complete the initial requirements in any month, you earn 0.01% APY on all balances.$0 Monthly Fees²Get paid up to two days early with direct deposit³Send and receive money from friends and family with Zelle® Fraud Protection¹APY = Annual Percentage Yield. CCU’s free Rewards Checking account is a tiered rate account. For all tiers, balances from $10,000.01 - $25,000.00 earn 0.20% APY and balances $25,000.01 and greater earn 0.10% APY. Please see all terms and conditions on qualifying rate tiers. Fees may reduce earnings. No minimum balance required. We offer over 30,000 surcharge-free ATMs nationwide and we refund fees charged by other bank ATMs when you meet your minimum Rewards Checking requirements.²Minimum $5.00 opening deposit required. ³Early Direct Deposit fund access depends upon your employer sending us a notification of the paycheck ahead of the scheduled deposit date. For this reason we cannot guarantee early deposits in all cases.
Consumers Credit Union Rewards Checking Interest Rate Tracker
The graph above is based on WalletHub data. Actual rates may vary. For time periods with multiple applicable rates in our database, based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify the rates, fees, and all terms and conditions with the respective financial institution.
Consumers Credit Union Rewards Checking Q&A
Can't find what you are looking for? Submit your question about Consumers Credit Union Rewards Checking to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
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UpvoteDoes Consumers Credit Union Free Rewards Checking offer early pay with direct deposit?
Reply
Lisa Cahill
The Consumers Credit Union Free Rewards Checking account doesn't offer early pay with direct deposit.
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UpvotesCan I deposit money orders in a Consumers Credit Union Free Rewards Checking account?
Reply
Alexandra Barring
You can deposit money orders in a Consumers Credit Union Free Rewards checking account. There is a $5 fee for each money order you deposit.
For new accounts funds from deposits are held 5-7 business days. After you've had the account for 30 days, holds will be at the discretion of the credit union.
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UpvotesDoes Consumer’s CU offer auto loans, lines of credit, overdraft protection and mortgages?
Reply
Consumers Credit Union
Yes, Consumers Credit Union offers all of these products.
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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Last updated: May 6th, 2026 at 08:36 ET