[MI only] Adventure Credit Union – 4% APY On Balances Up To $10,000

Offer at a glance

• Interest Rate: 4% APY 
• Minimum Balance: None
• Maximum Balance: $10,000
• Availability: Must live, work, worship in Allegan, Barry, Clinton, Eaton, Ingham, Ionia, Kent, Livingston, Newaygo, Ottawa, Shiawassee counties in Michigan or be related to somebody who is already a member.
• Direct deposit required: Yes, at least $100
• Additional requirements: Yes, see below
• Hard/soft pull: Hard 
• Credit card funding: Up to $2,500
• Monthly fees: None
• Insured: NCUA

The Offer

Direct link to offer

• Adventure Credit Union offer a 4% APY rewards checking account (called Edge Checking). To receive the 4% rate you need to meet the following requirements:
  • Set up a direct deposit of at least $100
  • Complete 20 or more debit card transactions, signature and/or PIN
  • Receive eStatements
  • Log into Online or Mobile Banking at least once

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, even if you don’t meet the 4% APY requirements.

Our Verdict

Assuming this is a soft pull, this is a very good offer if you can meet the bonus requirements. I don’t mind requirements like direct deposit/debit transactions as they are fairly easy to automate but I find remembering to log into online banking a pain. I guess the upside to this account is that it has no monthly fees, so if you do decide to move funds for a month or two for a savings account bonus you’re not penalized.

I do love the fact that it has a $10,000 limit, most of the high APY checking accounts have a $5,000 or lower limit so this is nicer for those with bigger balances. We will be adding this account to our list of the best regional high APY accounts.