[Expired] Chartway Credit Union $800 Savings Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $800
• Availability: Nationwide
• Deposit requirement: $15,000 for every $160
• Deposit length:  3/31/24 to 7/31/24
• Hard/soft pull: Soft
• ChexSystems:Unknown, mixed dp if sensitive
• Credit card funding: $210 ($100 savings, $100 checking, $10 to join)
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: 3/31/24

The Offer

Direct link to offer

• Chartway is offering a savings bonus of up to $800. You receive $160 for every $15,000 deposited.
  • New money must remain in the Bonus Savings account from 3/31/24 to 7/31/24 to be eligible for the bonus offer

The Fine Print

• Bonus offer is valid from 1/31/24 to 3/31/24. During the promotional period of 1/31/24 to 3/31/24, make deposits of up to $75,000 from an external account into your Bonus Savings account.
• External funds are defined as any new money deposited into your account from an account not affiliated with Chartway Credit Union.
• Funds transferred internally within Chartway accounts during the promotional period do not qualify for this offer.
• Funds transferred from IRA accounts do not qualify for this offer.
• New money must remain in the Bonus Savings account from 3/31/24 to 7/31/24 to be eligible for the bonus offer.
• Your total average daily balance at Chartway must increase by the end of the promo period.
• Upon meeting the offer qualifications, you will receive $160 for every $15,000, up to $75,000, deposited into your account before 3/31/24.
• Your promotional bonus will be reported in your year-end form 1099-INT as taxable income.
• Bonus will be credited to the account in the form of statement credit.
• Your account must stay open and in good standing when bonus is credited to your account. Please allow up to 60 days for the bonus to appear in your account.
• Chartway senior leadership positions (Vice President and above), Board of Directors, and volunteers are not eligible for this offer.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees

Early Account Termination Fee

Unsure if there is any EATF.

Our Verdict

If you keep the funds in the account for exactly four months it works out to be 5.73%. Given you’ll need the funds in there a few days either side of the requirements this isn’t worth considering due to the current high yield rates on other savings accounts.

Hat tip to reader Tikky

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