Create Credit Union 8.30% APY On Balances Up To $10,000 ($6.95 Monthly Fee + Requirements)

Offer at a glance

• Availability: Available nationwide (yearly membership to Nevada Public Radio makes you eligible, the credit union covers the $40 fee)
  
• Direct deposit required: $1,000 monthly
• Additional requirements: 15 debit transactions, e-statements, valid email address 
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Can fund up to $2,500, but it appears to be considered a cash advance
• Monthly fees: $6.95, non-waivable
• Early account termination fee:  None mentioned
• Household limit: None listed
• Expiration date: None mentioned

The Offer

Direct Link to offer

• Create Credit Union bonus plus checking account offers 8.30% APY, on balances up to $10,000.
• Monthly fee is $6.95, not waivable.
• Requirements:
  • 15 debit transactions each month
  • $1,000 monthly direct deposit
  • E-statements
  • Valid email address on file

Our Verdict

8.30% is a unique opportunity compared to other requirement-accounts which offer 5%-6% range. Maxed out this account with $10,000 and you’ll end up with $830 per year. After factoring in the monthly fees it still gets you $746 per year. (It’s slightly less after accounting for income tax factors.)

Assuming you’d otherwise be getting 4% APY, this would be a nice $346 bump each year – worth considering if you can deal with the account requirements. Hopefully the rate can last.

Hat tip to reader DW