Offer at a glance
- Interest Rate: 4% APY, guaranteed for 1 year
- Availability: Nationwide
- Hard/soft pull: Soft
- ChexSystems: Yes (note: they are Chex sensitive).
- Credit card funding: None
- Monthly fees: None
- Min/Max: $20,000 maximum
- Insured: NCUA
- Elements Financial High Interest Checking account is offering 4% APY on balances up to $20,000 when you use promo code HINT. Must make 15 qualifying transactions per month (Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals.)
This account has no monthly fees as long as you have paperless statements.
It’s nice that the rate is guaranteed for at least a year, I don’t know if that means it’ll definitely go down after that period or not. The requirements to trigger the 4% APY are also very easy with a nice high maximum. I suspect a lot of readers will be interested in this account and we will add this to our list of the best savings accounts.
Hat tip to reader Paul W