Offer at a glance
- Interest Rate: 5% APY
- Minimum Balance: None
- Maximum Balance: $5,000
- Availability: ID, WA & OR. More details here
- Direct deposit required: Yes, $200+
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Can fund with a credit card, up to $5,000
- Monthly fees: None
- Insured: NCUA
The Offer
- Gesa Credit Union is offering balances 5% APY on balances up to $5,000 when they following requirements are met:
- Enroll in eStatements
- Make a monthly direct deposit of over $200
- Complete 15 debit card transactions
- Provide and maintain a valid email address
- Limit one account per member
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees.
Our Verdict
I’m guessing we will start seeing a lot more of these high yield savings accounts.