Update 4/25/22: They also have a Primary Savings Account with 5% APY on balances up to 5% (ht Alex)
Offer at a glance
- Interest Rate: 3%
- Minimum Balance: None
- Maximum Balance: $3,000
- Availability: MA, NH only. It’s actually available nationwide if you join the ACC (free to join) first
- Direct deposit required: None
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Can fund up to $249 with a credit card
- Monthly fees: None
- Insured: NCUA
The Offer
- Service Credit Union offers a Holiday Club account. This earns 3% APY on balances up to $3,000 with no requirements.
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 to worry about
Our Verdict
The primary savings account offers 5% APY on balances up to $500 as well. I can’t see these rates last long, especially as it’s available nationwide by joining the ACC for free but might be useful in the short term. I think most people would be better off just going for a savings bonus instead. If the rate does stay around long term then it’s obviously fantastic but I think the chances of that are low. You can view other high yield accounts by clicking here. There is also a $100 referral bonus.
