WOODBRIDGE, VA. (7/29/14)--In July, Belvoir FCU, Woodbridge, Va., with $313 million in assets, revamped the checking account it offers to active duty military members, and in one month achieved a 23% growth rate on the product.
Enhancements to the account include a higher dividend rate of 3.04% annual percentage yield, unlimited rebates on ATM surcharge fees, an automatic $500 line of credit and discounts on consumer loans.
The newly named Armed Forces Checking account is open to active duty military, reservists and National Guard members.
"Belvoir Federal believes in financial readiness for our military members," said Patricia Kimmel, Belvoir FCU president/CEO. "It is our duty to serve these men and women as they serve our country. The Armed Forces Checking is an outstanding way to help our military members build their savings arsenal and obtain affordable loans while they concentrate on protecting our freedoms."