ethernow
Dryer sheet wannabe
I'm a retired AT&T Bell Labs/Lucent Technologies/Avaya software engineer and I've been a member of the Bellco Credit Union, in the Denver area, since 1982. Although Bellco was created for Bell System employees, now they let everybody join. A week ago, I learned about Bellco's Boost checking account, which yields 2.25% APR, on the first $25K, and 0.25% on the balance greater than $25K! The 2.25% yield beats the other Bellco accounts, that are available to me, by a factor of ten! However, it may not make sense to keep much more than $25K in a Boost account.
My Boost account doesn't have a minimum balance but, if I don't jump through a few hoops each month, there isn't a penalty fee, but my account will yield only 0.05% APR for that month! Here's what I need to do each month:
Good Luck!
My Boost account doesn't have a minimum balance but, if I don't jump through a few hoops each month, there isn't a penalty fee, but my account will yield only 0.05% APR for that month! Here's what I need to do each month:
- I need to make at least 15 debit card purchases. Until a week ago, I've never owned a debit card and, after what happened at Target, I did some research and learned that, if I use my debit card like a credit card, no PIN is required and the transaction is as secure as using a credit card. My Bellco debit card has the same security chip technology that all credit cards are required to have today. For the last week, I used my debit card for all purchases that I used to make on my Discover card and I haven't had to enter my PIN! However, I'll continue to use my Discover card for online purchases and for in-store purchases that require a PIN with my debit card.
- I need to make at least one electronic deposit into my Boost checking account. So I'm having my pension deposited into my new account.
- I need to log-in to my Bellco account online (I already do this).
Good Luck!