COLORADO SPRINGS, Colo. — Air Academy Federal Credit Union wantsto show that membership truly has its rewards with the unveiling ofthe MAX Checking.

With free MAX Checking from Air Academy FCU members withbalances between one penny and $50,000 can earn 6.01% AnnualPercentage Yield plus get refunds on ATMs fees up to $25 per cycle(limited to $4.99 per item). MAX Checking accounts with balancesover $50,000 enjoy the rewards too with 6.01% APY up to $50,000 and1.01% on everything over $50,000.

“We are excited about introducing MAX Checking into the marketthrough our partnership with BancVue,” says Karin Kovalovsky, vicepresident marketing for Air Academy FCU. “We want our members tohave the best products and services available to them.

MAX Checking is a totally free checking account that rewardsmembers when they do things that improve the efficiency of thecredit union. To receive the high interest and the ATM fee refunds,MAX Checking account holders must make at least 12 check cardtransactions, receive electronic statement via secure emailnotification and make one direct deposit or one ACH auto debit.

“By using free services such as online banking, emailedstatements and debit cards instead of checks, members save us moneyby making us more efficient. With MAX Checking, we are rewardingthat behavior,” said Kovalvsky.

MAX Checking accountholders that don't meet all the requirementsduring the statement cycle, will still enjoy a free checkingaccount with free Internet banking and free online bill pay, butwill not receive the MAX rate of interest or ATM refunds for thattime period. However, the account holder will still earn 0.25% APYon their free checking balance.