[MI, FL only] Dort Federal Credit Union 7.5% APY On Balances Up To $10,000 + $50 Referral

Update 4/18/26: There is now a $50 referral bonus, don’t share your referrals in the comments below. They can be shared in this linked post. 

Update 4/15/25: Rate is 7% and available to some in FL. Hat tip to reader Eric

Offer at a glance

• Interest Rate: 5% APY
• Minimum Balance: None
• Maximum Balance: $10,000
• Availability: MI only [Branch locator]
• Direct deposit required: Yes, $900+
• Additional requirements: eStatements and 25 debit card transactions
• Hard/soft pull: Hard pull, maybe soft now?
• ChexSystems: Unknown
• Credit card funding: Up to $500
• Monthly fees: None
• Insured: NCUA

The Offer

Direct link to offer

• Dort Federal Credit Union is offering 5% APY on balances up to $10,000 when you meet the following requirements:
  • Receive a direct deposit of at least $900 per month
  • Enroll in eStatements
  • Have 25 posted debit card transactions to your account each month

Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

The 7% APY rate is attractive, but that’s a lot of requirements especially when the maximum limit is only $10,000. Personally I think there are much better high yield savings accounts out there so I wouldn’t recommend this one.