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

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• @will expired

• @will @chucksithe got a Boise area specific offer for $400 that showed up on social media.

  https://i.imgur.com/pZQcjeZ.jpg

  Clicking learn more takes you to this link

  https://www02a.timetrade.com/app/techcu/workflows/tcu001/schedule/appointment-type?wfsid=1a2gq6kos8qsck5gar9ingt8ubfjbsg4&locationId=techcuemergingmarkets&appointmentTypeGroupId=emerging&resourceId=amcdaniel%40techcu.com&fbclid=PAAaYgRYZZSyipGV-Ljq7y2nf7f3IoOv5_0PAYtt77O7cg0-Mc7Q8De9tjwsM&external_browser_redirect=tru&fs=1

  to set up an interview. I just did the interview and they mentioned that the offer is the same as their TechCU@Work offer

  https://www.techcu.com/offer/

  To qualify for $400, by 12/31/2022, open a new Tech CU checking account and complete at least 10 qualifying transactions (debit card purchases, bill payments, direct deposits, or ACH) every month for 6 consecutive months. The first qualifying transaction must be completed within 30 days of account opening. A $400 credit will post to the checking account and be available for withdrawal after the last qualifying transaction has been fulfilled. If the checking account is closed less than 6 months after account opening or the required minimum transactions are not completed, the $400 account credit and any dividends will be forfeited.

  I previously had an account with TechCU in March of this year so my representative said they were looking to see if I was eligible for this offer.

  • I was ineligible to receive a bonus in 2022 since I received one in 2021, but the offer has now been extended to June 2023 so I'll try again https://i.imgur.com/1sDJY1F.jpg

• Yikes.. I was planning to do this back in September..

  my math sucks.. am I right when I say the Savings interest rate is only 0.20% still.. and even with the $200 bonus on 20k.. it only works out to 4%.. which is soon going to be just the normal interest rate in high rate accounts.

  Is anyone else still planning to do this promo?

  • @guest_1488347 The 3 month CD is 1.00%. That's currently the best play for this bonus, and it works out to about 5%. I don't recommend doing it unless you don't qualify for (or are already hitting) all of the better deposit offers out there: Capital One, Chase, Citi, Discover, et al which are all north of 7%. Plus you can get 5% on 10k at Juno, on 5k more at Varo... you get the idea.

    • @guest_1458013 thanks! Ah so the 3 month CD is eligible.. yeah I think that's a good one to do.. I'm not eligible for the Capital One.. the Discover already doing.. Citi can't seem to get it opened.. and Chase doing already almost done.. so Tech CU is the next best one to do after that? Juno is good but my last Juno account they required 2FA with a non-Google Voice number which is impossible for me.. and Varo didn't pay out the 5% two of the months I was with them.

• @will On the new membership application, the "where do you live" drop down menu has quite a few additional counties:

  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

  I don't see anything more restrictive in the fine print on the offer page.

  • Thanks, added.

• if you put in 100k, you get 600, MM is 1.14. 3mo at 1.14% plus the 600 is almost 6%

  • How do you figure? I get just over 3.5%. Will is right; the 20k tier is the best.

• Don't bother if you have recent inquiries. Got grilled and now have to provide documents and an explanation in person. LOL no thanks too much effort for 4% APY. Their loss because it's actually a local bank I might have used beyond the bonus.

• SoFi deal is better

  • SoFi deal is $100K for $1000 and 2% APY.

• They also currently pay a 1.4% interest rate on balance. So e.g. 250K deposited for 3 months would earn a 3% interest rate.
  Pretty decent.

  • Isn't this promo only for the Savings account? which is only offering 0.20%. Or is the money market account eligible too? @guest_1443041 @guest_1443115

  • So the best return would be the 4% on the $20k plus 1.4% - it would basically be a 3 month CD at 5.4%. Not as good as current Series I bond rates but a shorter holding period and if you have already done Series I for the year this would beat almost any ultra high yield account out there. But you couldn’t touch the money of course.

    • Not quite, because at least $150k needed for the 1.4% rate in their money market.

      • oh. Let me just go rummage around in the couch cushions, I’m sure I left the extra $130k there.

        • 4% apy still isn't bad. The normal interest rates without requirements won't go up that high.

• The terms state "any Tech CU share deposit account where you play a primary owner role." If that includes certificates, there's a 0.85% APY 3 month certificate.

  • @guest_1443039 I thought this was a good question so I wrote in and asked. Apparently I put the cat amongst the pigeons over at Tech CU, because I got two responses:

    "Consumer Certificates are considered share deposit accounts but deposits to IRA saving and IRA certificates do not count toward the promotion."

    and then four hours later,

    "*UPDATED* Consumer Certificates are considered share deposit accounts and deposits to IRA saving and IRA certificates do count toward the promotion as well now."

    By my math that's about 4.9% APY for 20k in a 3-month CD. A little worse than the Chase savings 200/15k bonus, but still well above baseline. Good enough for the list @will ?

• @will @chucksithe Noticed a couple things you might wanna update. Max bonus amount shows $1k. For the title, maybe say "Up to $3000"?

  • Updated thanks

  • tiers, expiration dates, etc. are from the previous posting as well.