Update 10/25/24: There is now a $150 referral bonus as well. Don’t think it can be stacked as it requires a checking account.
Offer at a glance
- Interest Rate: 5% APY
- Minimum Balance: $50
- Maximum Balance: $2,500
- Availability: Must live, work, worship or attend school in select counties in AL, GA
- Direct deposit required: None
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Mentions card funding as an option
- Monthly fees: None
- Insured: NCUA
The Offer
- MAX Credit Union is offering 5% APY on balances up to $2,500 on the Elevate Money Market account. There are no requirements to earn this rate
Avoiding Fees
This account has no monthly fees to worry about
Our Verdict
5% APY is a nice right, especially with no requirements. If you have the full $2,500 in there you’d earn $125 a year, $75 more than you would in a 2% APY account. How good this account is will really depend on how long they keep the 5% APY. Might make sense to focus on savings account bonuses with higher returns instead.
Hat tip to reader AL_PF