[Expired] [CA, ID only] $3,000 Tech CU Savings Bonus

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

Offer at a glance

• Maximum bonus amount: Up To $3,000
• Availability: Must reside in:
  • California: Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, Sacramento, San Diego, San Francisco, San Joaquin, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma
  • Idaho: Ada, Canyon
• Deposit required: $20,000+
• Additional requirements: Keep deposit until 02.28.23
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: Up to $125, Visa/MC/Discover
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: November 30, 2022

The Offer

Direct link to offer

• Tech CU is offering a bonus of up to $3,000. Deal is available to new and existing account holders. The bonus you receive varies based on how much you grow your deposit balance between September 1 and November 30, 2022:
  • $20,000 to $49,999 and get a $200 bonus
  • $50,000 to $99,999 and get a $400 bonus
  • $100,000 to $249,999 and get a $600 bonus
  • $250,00 – $499,999 and get a $1,000 bonus
  • $500,000 – $999,999 and get a $2,000 bonus
  • $1,000,000+ and get a $3,000 bonus

The Fine Print

• Promotional Period is 09.01.22 to 11.30.22. Campaign End Date is 11.30.22.
• You must enroll during the Promotional Period.
• Must be 18 years or older.
• Offer excludes balances held in business accounts.
• During the Promotional Period grow your total deposit relationship with Tech CU by moving funds from any outside institution to any Tech CU share deposit account where you play a primary owner role.
• On 12.01.22, Tech CU will determine how much your total deposit relationship grew during the Promotional Period by taking your total deposit balances on 11.30.22 and comparing them to your total deposit balances on 08.31.22.
• The increase in your total deposit balances during the Promotional Period will determine which Promotional Tier you are eligible to participate in.
• Your total deposit balances must increase by $20,000 or more during the Promotional Period.
• To receive a Promotional Tier payout, you must maintain the minimum required total deposit growth for the Promotional Tier you were eligible to participate in through 02.28.23.
• If your total deposit growth drops below the Promotional Tier you were eligible to participate in but still falls within one of the lower Promotional Tiers you’ll be paid the amount for the corresponding tier. Tech CU reserves the right to cancel this promotion for any reason and at any time.
• Payment: We’ll credit your Membership Savings account no later than 03.31.23. Account inquiries and disputes must be submitted by 06.30.23. Payout is considered interest and will be reported on IRS form 1099-INT.

Avoiding Fees

Monthly Fees

Their basic checking account doesn’t come with any monthly fees.

Early Account Termination Fee

Not sure if there is any early account termination fee

Our Verdict

Best way to maximize this deal is by depositing funds just before the 11/30/22 deadline and then maintaining that balance until 2/28/23. You’ll need funds in there for 3 months at absolute minimum. Tier 1 is the best tier in terms of a return (works out to be 4% APY), as the tiers increase the rate gets worse. Probably not worth doing for most people with the savings rates increasing.

Hat tip to reader EW