Best Bank Rates and Deals

If you live, work, or worship in Pensacola, you can benefit from one of the best reward checking account deals offered today. We’re talking about the Gulf Winds Federal Credit Union’s Reward Checking Account which earns up to 3.01% APY. Of course, you’ll have to meet the following requirements to get its full benefits:

• Purchase goods using your debit card at least 12 times a month
• Make one automatic debit transaction or a direct deposit to your account
• Agree to e-statements instead of paper statements

The cap balance is a bit low though, at $15,000. For balances exceeding $15,000, you’ll earn only 0.50% APY. In that respect, it might not be the best checking account deal offered nationwide, but compared to its local competition, the terms aren’t that bad. Should you fail to meet any of these requirements, the rate also dramatically drops down to 0.05% APY, so don’t get this account unless the terms jive with your spending habits.

While the ATM fee refund is not unlimited, you can earn up to $15 every banking cycle. That’s higher than the average $12 offered by other banks and credit unions. There is also no monthly banking fee. You don’t have to maintain any minimum balance to earn interest as well.

The membership to the credit union is a bit limited, though. You need to be a resident, employee/employer, or a student in Florida, Escambia County, Santa Rosa, Alabama or Florida. You also need to shell out $25 for the maintaining balance of your savings account (a membership requirement). For more details, you might want to visit the website’s membership page.

A branch visit is necessary to open this account. You can find Gulf Winds FCU branches scattered across the metro area of Pensacola.

If you’re concerned about the credit union’s financial health, BauerFinancial.com doesn’t think you should be. It gave Gulf Winds a perfect five out of five rating for soundness and stability. The credit union is also federally insured. To check, refer to NCUA Charter # 24702.

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