"Rewards Checking" from Neighbors Federal Credit Union

The Basics

Minimum Opening Deposit
 
$25.00
A $25.00 deposit is required to open this account.
There is a $5 one-time membership fee to become a member of Neighbors FCU.
Monthly Service Fee $0.00
Interest Rate
 
up to 4.51%
This is a high-yield interest checking account. You can earn 3.51% on balances up to $10,000.00. The rate for balances over $10,000.00 is 0.5%. The rate if you don't qualify for the bonus rate is 0.05%.
To qualify for the bonus rate, each month you must:
- Make at least 10 debit card purchases;
- Have at least one direct deposit;
- Log into Online Banking at least once;
- Receive monthly statements electronically.

Debit Cards & Using ATMs

Debit Card $0.00/yr
ATM Fee Rebates
 
Yes
Automatic fee reimbursement, up to $4.99 a transaction, as long as account requirements are met.
Rebates are credited to your account at the end of the statement cycle.
To qualify, you must meet the same minimums required to receive other incentives.
Non-affiliated ATM Usage Fee $0.00
International ATM Usage Fee Show Details
You will be charged a 1.00% international transaction fee.

Electronic & Telephone Banking

Online Banking Free
Email Alerts
 
Included with online banking
This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold;
- Notice of deposits or withdrawals over a certain threshold;
- Confirmation that bills have been paid.
Activity Download
 
Included with online banking
You can download 6 months of transaction history in the following formats:
- Quicken 2007 and above;
- QuickBooks 2007 and above.
Online Billpay Free
Automated Phone Banking Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks No
Monthly Paper Statements No
Check Images with Statements Not Included
Electronic Statements Yes
Online Check Images
 
Yes
Images of canceled checks can be viewed online for 6 months.

Overdrawing the Account

Insufficient Funds Fee
 
$25.00/per item
The Insufficient Funds Fee is $25.00 per overdraft.
Overdraft Protection
 
Available
This checking account has 1 option for Overdraft Protection.
From a linked Savings Account:
- No transfer fee.
- Funds are transferred to bring the account balance to $0.00.

Savings and Money Market Accounts

Member Share Savings
 
$3.00/month
'Member Share Savings' requires $5.00 to open and $100.00 to earn interest.
Current APY Information:
- 0.40% at minimum balance to earn interest;
- 0.40% at minimum balance to avoid fees;
- 0.40% at $25,000.00
The account has a monthly service fee of $3.00. This account is required to be a member of Neighbors FCU. This fee can be waived if you:
- Qualify as a Senior;
- Maintaining an average combined balance of at least $300.
Money Market
 
$10.00/month
'Money Market' requires $2500.00 to open, $2,500.00 to earn interest.
Current APY Information:
- 0.50% at minimum balance to earn interest;
- 0.50% at minimum balance to avoid fees;
- 0.80% at $25,000.00
The account has a monthly service fee of $10.00. This fee can be waived if you maintain a minimum balance of $2,500.00.

How To Reach Neighbors Federal Credit Union

Call: 866-819-2178

Neighbors Federal Credit Union Locations

 

Branches

About Neighbors Federal Credit Union

Neighbors Federal Credit Union is based in Baton Rouge Louisiana and offers checking, savings, loans and investment services from its 7 locations to people in Baton Rouge and its surrounding area.

 

How We Get Our Information

We conduct our own research for the largest US banks and we audit the information provided by community banks and credit unions.

Our branch location database is sourced from the FDIC and is updated with information provided by banks and credit unions.

We make best efforts to maintain accurate data, but we suggest you verify this information prior to opening an account.

All deposit accounts in FindABetterBank are insured by the FDIC or NCUA.

FindABetterBank In The News

Barron's Banking at Your Peril
Financial Tuneup: How to Find a Better Bank
The Best Bank For You
The Best Bank For You
March 15, 2010

Rob's Latest Blog on The Huffington Post

Big Banks: Worry About Customers, Not Regulations