MIDLAND, Mich.–Dow Credit Union has introduced a new high-yield rewards checking account it said offers member the opportunity to earn more than $1,000 annually.
The $2.5-billion Dow Credit Union said its new “Preferred Checking” follows a series of other recent milestones, including expanding membership eligibility to all Michigan residents, the elimination of non-sufficient fund (NSF) fees, and being recognized as one of America’s Best Regional Banks and Credit Unions for 2025 by Newsweek and Plant-A-Insights.
The Requirements
Preferred Checking pays a 5.12% APY during the first month of enrollment. The APY is available on balances up to $20,000 provided members meet other criteria, including:
- Use their debit card a set number of times a month
- Be enrolled to receive electronic statements
- Access their online or mobile banking account once a month
- Have funds direct deposited into their account.
“Preferred Checking builds on our tradition of offering everyday banking features that help members make the most of their money—without compromising convenience or care,” CEO Michael Goad said in a statement.
