Keesler Federal Credit Union offers four types of checking accounts: Free4All, Essential, Ultimate, HIMMA. The choice is simple.
If you can’t afford to keep $500 minimum balance on the account, you should go for Free4All, which has no fees at all.
If you can keep your balance above $500, but not above $2500, your choice is Essential checking. This account pays 0.5% interest.
Finally, if you have $2,500, you should go for the Keesler Federal Credit Union money market account. It is limited to three checks per month, but ATM withdrawals are unlimited, and you can always transfer cash to the checking account if you need to use more checks. The interest rate is 1.51%, as long as your balance exceeds $2,500. In fact, there are no fees even if your balance drops below $2,500 – you just need that much to open the account.
Every checking account comes with one additional benefit: a 0.25% discount on the Kessler Federal Credit Union Auto Loan rates – as long as you make your monthly payments from that checking account.
Of course, the checking account rates will never match CD rates. And so if you can keep your money untouched for a year or longer, the best choice for you is the Keesler Federal Share Certificate account (which is really a different name for a CD account).
