[Rate Increased][ID, WA & OR only] Gesa Credit Union 5% APY On Balances Up To $5,000

Update 12/22/24: Rate now 5%

Update 12/8/24: Rate was reduced to 3% as of 12/01/2024

Update 9/3/24: Rate is now 5%, was 7%.

Update 6/29/23: $350 bonus no longer offered

Update 3/21/23: You can now get a $350 bonus as well. Bonus broken down as follows:

• Get $200 when you:
  • Open your new checking account
  • Sign up for Online Banking and eStatements
  • Complete 10 debit card purchases (excluding ATM transactions)
• $150 when the account has been open for one year

Update 1/7/23: Increased from 5% to 7%. There’s also a referral program whereby each party gets $100.

Offer at a glance

• Interest Rate: 5% 7% 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

Direct link to 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.