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Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â OH
- Deposit required:Â $10,000
- Deposit length: 180 days
- APY: 4.25%
- Hard/soft pull:Â Unknown
- ChexSystems:Â Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â None listed
- Insured: NCUA
Contents
The Offer
- Kemba Financial Credit Union is offering a $300 bonus when you open a new money market account and complete the following requirements:
- Deposit $10,000
- Maintain that balance for at least 180 days
The Fine Print
- Bonus requires $10,000 minimum deposit in the first thirty days and balance must be maintained throughout the first 180 days to be eligible for cumulative $300 bonus.
- Offer valid on new money only (new money defined as money not on deposit with KEMBA in the past 12 months and/or has been deposited only within the prior 5 business days).
- Member must be Advantage status at the 90-day mark and have maintained at least $10,000 in the Money Market account to receive the $100 bonus.
- Member must be Advantage status at the 180-day mark and have maintained at least $10,000 in the Money Market account for the $200 bonus.
- Bonus will be paid into Money Market Account on day 90 and day 180 for eligible members.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Account has no monthly fees
Early Account Termination Fee
As far as I can see there is no EATF.
Our Verdict
If you put the $30,000 into a 5% APY earning account you’d earn $750. With this bonus you’d earn the $300 bonus and then $637.5 in interest for $937.5 total. Definitely worth considering if you have uninvested cash laying around.
Hat tip to ShawntheShawn
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The promotion needs you to be in Advantage status on Day 90 and Day 180. The following are the requirements to achieve that status. I am not sure how/whether they enforce #2, especially.