[AL, TN] Redstone Financial Credit Union $200 Youth Savings Bonus (0-17)

Offer at a glance

• Maximum bonus amount: $200
• Availability: AL, TN
• Direct deposit required: No
• Additional requirements: Deposit $200 and maintain that balance
• Hard/soft pull: Soft pull
• ChexSystems: Yes, not sensitive
• Credit card funding: Up to $530
• Monthly fees: None
• Early account termination fee: None
• Household limit: None
• Expiration date: 12/28/2024

The Offer

Direct link to offer

• Redstone Financial Credit Union is offering a $200 bonus for youth aged 0-17 when you open a child’s first savings account with promo code YOUTH.
  • Redstone will match their average daily balance up to $200

The Fine Print

• Offer valid 7/16/2024 – 12/28/2024.
• Membership required; visit redfcu.org/join for details.
• Bonus will be deposited into the member’s account within 60 days of savings account opening, but no later than February 8, 2025, if the promotion requirements are met.
• Minimum $5 deposit required to open the savings account.
• Other restrictions apply. As of 7/1/2024, the Annual Percentage Yield (APY) for the share savings account is 0.45% and is subject to change monthly after account opening.
• No minimum balance is required to earn the disclosed APY. The APY is accurate as of the last dividend declaration date.
• 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 to worry about.

Early Account Termination Fee

I wasn’t able to find any mention of an early account termination fee in their fee schedule.

Our Verdict

Very easy bonus and always nice to see bonuses for the young ones. Worth doing if you’re eligible and we will add this to our list of the best bank account bonuses.

Hat tip to benjamin mitchell

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