Review: Meridian Trust CU 4% High Yield Checking

Looking to make your everyday checking account work harder? Meridian Trust Federal Credit Union offers a High Yield Checking account that pays 4.00% APY on balances up to $25,000—a rate that rivals many savings accounts, without sacrificing access to your cash.

Key Features

• High Interest on Checking: Earn 4.00% APY on balances up to $10,000—well above the national average for checking accounts.
• No Monthly Fees: Keep your earnings without worrying about maintenance fees eating into your balance.
• Regional Access: Available to residents of Wyoming and select counties in Colorado and Nebraska.
• Modern Banking Tools: Includes mobile banking, and eStatements.

Requirements to Earn 4.00%

To qualify for the 4.00% APY, you’ll need to:

• Keep a $1,000 minimum balance on your account.
• Make a minimum of 10 monthly debit card purchases of $5 or more.
• Be enrolled in and receive eStatements.
• Set up one monthly direct deposit.

If you don’t meet these requirements, your balance still earns interest— but at a much lower rate.

Considerations

⚠️ Balance Cap: Only the first $10,000 earns 4.00%. Any balance above that earns a significantly lower rate.

🏦 Membership Needed: Meridian Trust is a credit union, so you’ll need to become a member. Eligibility is based on residency (Wyoming, parts of Colorado and Nebraska) or by making a small donation to the Meridian Trust Foundation.

The Bottom Line

If you regularly use your debit card and meet the monthly activity requirements, this account is a great way to earn high interest on everyday money. With no fees and modern features, it’s a great option for anyone looking to optimize their checking experience without sacrificing liquidity.

Looking To Sign Up? 👀

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