[MI only] Consumers Credit Union 4% APY

This is not to be confused with the other Consumers Credit Union that is available nationwide and offers 4.09% APY.

Offer at a glance

• Interest Rate: 4% APY
• Minimum Balance: None
• Maximum Balance: $15,000
• Availability: MI only
• Direct deposit required: Yes, $1,000+
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Insured: NCUA

The Offer

Direct link to offer

• Consumers Credit Union offers the Serious Interest Checking account this offers 4% APY on balances up to $15,000 when the following requirements are met:
  • 12 posted debit card transactions per month
  • An average daily balance of $1,000+
  • $1,000 minimum recurring monthly direct deposit
  • Enrolled in eStatements

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

This credit union also offers a $200 business checking bonus. We still don’t know if it’s a hard or soft pull. Requirements are a little annoying to meet, but getting more difficult to get these high APY rates now.