BCU has PowerPlus Checking rate of 3% on On balances up to $15,000 when monthly requirements are met.
On balances up to $15,000 - 3.00% APY
On balances over $15,000 - 0.05% APY
- Monthly direct deposits totaling at least $500 into your PowerPlus Checking account
- Completion of at least fifteen (15) transactions that include any combination of the
following: BCU Debit Card PIN, Debit Card signature, credit card purchases, Online Bill Pay or ACH payments, which apply toward the monthly requirements in the month they post to your account.
Initially I was finding it difficult to meet 15 transactions since I didn't wanted to use debit card (no rewards). But online bill pay is also counted so I started paying bills of $50, $100 multiple times in a month which helps in transaction requirement.
Also it looks like we can open multiple PowerPlus Checking accounts but should meet monthly requirements (difficult but not impossible i.e. 2 monthly salary goes in different account & start using BCU Debit card for small transactions) for each account to get the 3% rate.