The interest rate for an individual checking account through Brazos Valley Credit Union varies between 0.00 to 0.44 percent as of 2015, as stated by Brazos Valley Credit Union. The rate is dependent on the amount of deposit that is maintained and the type of checking account.
There are two kinds of individual checking account, Money Market Checking and Dividend Bearing Checking that pays interest or dividend. For the former, any deposit that is below $1,000 does not receive any interest, as stated by Brazos Valley Credit Union. If the deposit varies from $1000 to $9,999, an interest rate of 0.29 percent is given. For deposit that ranges from $10,000 to $24,999, the rate is 0.34 percent, while for deposit between $25,000 and $49,999, the rate is 0.39 percent. Any deposit that is equivalent to $50,000 or more is entitled to an interest rate of 0.44 percent. For Dividend Bearing Checking, the interest rate is fixed at 0.24 percent immaterial of the amount of deposit.