LUV Reward Checking

LUV Reward Checking

Picture this: you go to a store and buy some food. Once you've checked out, the cashier hands you some money back just because you shopped at their store. That's pretty much what you're getting with this free, high-dividends checking account.

LUV Reward Checking earns an incredible 4.00% APY,* and comes with unlimited ATM fee refunds* nationwide! All you have to do is meet some easy qualifications. Even if you don't meet the qualifications, your account is still free!

Make sure to check out the qualifications below — you'll see that they're no big deal. Go ahead and apply online today!

  • 4.00% APY* on balances up to $25,000
  • 4.00% to .25% APY on balances over $25,000 depending on balance in account*
  • 0.10% APY* if you do not meet the qualifications
  • Unlimited ATM fee refunds nationwide*
  • No monthly service fee
  • No minimum balance required to earn rewards
  • Unlimited check writing
  • Free debit card
  • Free online banking with bill pay
  • Free telephone banking
  • Overdraft protection and Courtesy Pay available
  • $30 minimum deposit to open (no minimum thereafter)
  • NCUA insured


In the modern world of marketing mumbo and giveaway gimmicks, we're trained to think, "what's the catch?" So we don't blame you for asking. To earn your rewards, simply do the following transactions and activities in your LUV Reward Checking account each monthly qualification cycle:

  • Be enrolled and receive e-Statement notice
  • Have at least 1 direct deposit or 1 automatic payment (ACH) post and settle
  • Have at least 15 SWACU debit or credit card purchases post and settle

We figure the only person not already doing these is Montgomery Burns — and he's a cartoon character. But just in case you don't qualify, no worries. LUV Reward Checking is still a free checking account that earns our base dividend rate. Best of all, you can jump right back on that horse and earn the LUV Rewards the very next qualification cycle.

*APY=Annual Percentage Yield. APYs accurate as of 06/25/2013. Minimum to open is $30. Rates may change after account is opened. If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 4.00%; and (3) balances over $25,000 earn 0.25% dividend rate on portion of balance over $25,000, resulting in a range of 4.00% to .25% APY depending on the balance. If qualifications are not met, all balances earn 0.10% APY. Qualifying transactions must post to and settle account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle an account. ATM-processed transactions do not count towards qualifying debit card transactions. Transfers between accounts do not count as qualifying transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher. Fees may reduce earnings.