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Your Source for Checking Account Comparison in Baton Rouge

checking account comparison in baton rouge, essential fcu
Compare Checking Accounts

If you are looking to open a checking account and are not quite certain what type of checking account is best for your financial needs, we are here to help. We understand that in the world of banking and finance there can be a lot of confusing jargon thrown around. In an effort to provide clarity for current and potential members, here is a checking account comparison to help you understand what checking accounts are available at Essential Federal Credit Union.

Key Checking

This is a high yield account that will help you earn rewards if you meet the monthly requirements. Some of the rewards that you could earn with a Key Checking Account include:

  • 2.50% annual percentage yield on balances $10,000 or below
  • Balances above $10,000 earn .30% annual percentage yield on that portion
  • Unlimited ATM fees refunded at all other financial institutions
  • No monthly service charge
  • No minimum balance
  • No teller fees

To read a full list of the rewards you can earn with this type of checking account, visit the Key Checking page on our website.

Simple Checking

Just as the name implies, a Simple Checking Account keeps things quite simple! This is a free checking account that only requires you have monthly Direct Deposit or a Loan with a balance. Some of the benefits include:

  • No monthly service charge
  • No minimum balance
  • No teller fees
  • No relationship fees
  • No per check processing fee
  • Free instant issue VISA Debit Card

Click here to see an extended list of the benefits that you get from the Simple Checking account!

Safe Checking

Who wouldn’t want a checking account that has the word “safe” in it? Well our Safe Checking Account is definitely a checking account that you don’t want to pass up if you have previously experienced checking account challenges. Rebuild your credit and financial integrity with our Safe Checking Account. Some of the benefits this account provides includes:

  • No minimum balance to open
  • Instant issue Debit Card
  • Direct Deposit
  • Telephone Banking
  • Access to online and mobile banking
  • Overdraft protection

The list goes on. Visit our Safe Checking page to get more details about this account and how it could benefit you.

Money Market Account

The Money Market Account allows individuals with a high amount to deposit the opportunity to a greater return through a higher yield. This type of account earns a higher yield than a regular savings account and your funds are not locked in. It allows  you to earn variable dividends based on your monthly average balance without having to change account types. As long as you have a minimum balance of $1,000 you will enjoy having access to your funds while earning a high interest. The tiers are broken down into the following balances:

  • $1,000 – $9,999.99
  • $10,000 – $24,999.99
  • $25,000+

Some of the benefits that you can earn with this account include:

  • Earn dividends monthly
  • No monthly service charge
  • Minimum balance of $1,000
  • No teller fees
  • Free instant issue VISA ATM card
  • Free quarterly statements via mail or estatements via email

Click here to see a full list of Money Market Account benefits.

Contact Essential in Baton Rouge

Here at Essential Federal Credit Union, we strive to give our members the most transparent information and make sure they feel confident when making large financials decisions, such as choosing a type of checking account. Our checking account comparison page serves to help accomplish this. If you are not a member yet and would like to become one, apply here! If you are a member and want assistance with choosing a checking account, feel free to contact us.

Compare Checking Accounts