Update 3/19/21: Can currently get a $150 bonus as well. Hat tip to reader Michael
Update 6/7/20: Rate has been reduced to 0.52%, obviously no longer worth considering.
Offer at a glance
- Interest Rate: 4% APY
- Minimum Balance: None
- Maximum Balance: $4,000
- Availability: WA
- Direct deposit required: Optional
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $500
- Monthly fees: None
- Insured: NCUA
The Offer
- Harborstone Credit Union offers the BreakFree checking account. This earns 4% APY on balances up to $4,000 when the following requirements are met:
- Sign into online banking
- Set up at least one direct deposit or automatic ACH withdrawal
- Make a minimum of 12 debit card transactions of at least $3+ per month
Avoiding Fees
This account has no monthly fees to worry about.
Our Verdict
This account has a lot of requirements, especially when you remember this is only for balances up to $4,000. Most people will be better off sticking to another high yield checking account.
Hat tip to reader Heidi
