Update 3/21/23: You can now get a $350 bonus as well. Bonus broken down as follows:
- Get $250 when you:
- Open your new checking account
- Sign up for Online Banking and eStatements
- Complete 10 debit card purchases (excluding ATM transactions)
- $100 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
The 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.