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photo, Gary Oakland
BECU is offering 7.5% rates on the first $500 of eligible members' checking and savings accounts in a bid to attract new money, cement relationships with members, promote savings-and even save the credit union a little money.
Gary Oakland, BECU's CEO, told The Credit Union Journal members qualify for the new rate if they agree to receive e-statements and either enroll and remain active in free online bill pay, or have recurring direct deposits into their checking accounts. In addition, "Early Saver" accounts for members under age 18 automatically qualify.
"The 7.5% rate went...