[Rate Change] [NV only] Greater Nevada Credit Union – Aspire Checking 1.75% APY On Balances Up To $50,000

Update: Rate reduced to 1.75%

Update 10/2/19: Rate is now only 3% (down from 4%), definitely worth taking a look at the other high yield savings accounts now available.

Update 8/30/19: Readers report getting an email from GNCU about an upcoming rate change; beginning October 1, 2019, the rate will drop to 3%, and the max will be lowered from $50,000 to $25,000.

Offer at a glance

  • Interest Rate: 4% APY
  • Minimum Balance: None
  • Maximum Balance: $50,000
  • Availability: NV only
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: 9 debit card transactions, eStatements
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $5,000
  • Monthly fees: $15, Avoidable
  • Insured: NCUA

The Offer

Direct link to offer

  • Greater Nevada Credit Union is offering 4% APY on balances up to $50,000 on the Aspire Checking when you meet the following requirements
    • Have at least 9 debit card purchases post and clear
    • Have one Direct Deposit post and clear
    • Receive online eStatements

The Fine Print

  • “Qualification Cycle” means a period beginning one day prior to the first of the month and ending one day prior to the last day of the month (ex. July 31-August 30 for August statement). Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made.

Avoiding Fees

This account has a $15 monthly fee, this is waived if you meet the requirements for 4% APY. They will also rebate up to $15 in out of network ATM fees if these requirements are met.

Our Verdict

They also have a checking account that gives you $10 monthly for meeting similar requirements. As far as high yield savings accounts go, this is one of the best. 4% APY is one of the top rates available and the maximum balance of $50,000 is much higher than competing banks.
    William Charles
  • On October 2, 2019, 03:13

View Comments (60)

  • I was using $1 cash app deposits to p2 to meet the 9 debit transactions and it looks like those are not coding as the required transaction type anymore in December. Any one else?

    • Email response was ---> "GNCU is aware of a system issue resulting in the December monthly maintenance fees being charged in error for multiple account types, which has also affected the interest calculation for the Aspire Checking. We apologize for the error and are working to resolve the issue as quickly as possible. At this time, we do not have an estimated time for corrections to be made. Please check our website for updates.

      Thank you for being our member and have a Greater day."

      I did not get a service charge, but sounds like it's the same issue.

    • Service charge has been charged by mistake for some members as I also did the transactions and got hit with the $15 charge.called them today and they made a note saying someone will call within a day

  • DP: US Bank Business Cash tries to pull as a Cash Advance (line is set to $0 when the card is opened).

  • I was unable to open online, but was successful in branch.
    It is definitely Chex sensitive.
    As she was opening my account, I noticed a small sign on the desk that read,
    "US PATRIOT ACT requires
    IDENTITY VERIFICATION
    for all new accounts
    ChexSystems
    Powered by eFunds"

    • I didn't get any notice about the change, either - normally, they've been good about communicating things like this.

    • I predict Orion Federal Credit Union, et al. will be joining shortly, which will help me feel better about my reluctance to jump through the hoops for such deals.

  • I received a copy of my chex systems and can confirm they do a hard pull of chex, soft credit bureau

  • Looks like this is dropping to 3% APY on a max of $25,000 at the end of September. Same qualifying terms.

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