[WA only] BECU 4.07% APY Savings & Checking Account On Balances Up To $1,000

Offer at a glance

  • Availability: Must be eligible to join CU (live, work or worshipping in Washington State qualifies you – more options here)
  • Direct deposit required: No
  • Additional requirements: Yes, see below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None listed
  • Early account termination fee: None listed

The Offer

Direct link to offer

  • BECU offer a member advantage checking account and a member advantage savings account that both offer a 4.07% APY on balances up to $500. You’re limited to one member advantage checking & one member advantage savings account per person. To stay enrolled in these accounts you need to do the following:
    • Opt in for eStatements
    • Make a monetary transaction each month using at least one of the following free and
      convenient services:
      • Debit MasterCard make purchases online, over the phone or in person,
      • Online or Telephone Banking – make BECU loan or Visa payments or transfer funds between BECU accounts,
      • Bill Payment – pay businesses or individuals, or
      • Direct Deposit – setup a recurring monthly deposit into your BECU Checking account from your paycheck or other monthly income

The Fine Print

  • Balances above $500 earn 0.05% APY

Avoiding Fees

These accounts have no monthly fees, as far as I know there is no early account termination fee either.

Our Verdict

You can also currently get $100 for opening a new account. The limit of $500 per account is annoying, but the good thing is that the requirements to get the bonus rate aren’t very strict at all.  The reviews of this bank from readers are also very positive. If I lived within the service area I’d definitely be signing up for this. You can view a list of the best high interest savings accounts here.

Useful posts regarding bank bonuses:
    William Charles
  • On December 27, 2016, 20:02

View Comments (16)

  • Per the website, effective 4/1/2020 savings is 4.07% on the first $500 and checking is 2.02% on the first $500

  • Open a Member Share savings and checking account using promo code RAFQ219 and unique referral code 2327467 to get $100 bonus!

  • Savings is 6% if you have both a savings and checking. They call it member advantage

  • BECU sucks. They are inquiry sensitive and they never let you know before its too late. Their customer service ppl were not very knowledgeable. I honestly think this is a very overhyped CU.

  • This CU sucks!! They use crappy chexsystem and they denied me of course even though i have perfect score and never in debt etc. CU and banks that use chexsystem are no good to me. And please... $4 a month up to $1000 that's a good laugh.

    • Good laugh indeed! But you applied?

      Interesting.

      I've been banking with them for years. Absolutely fantastic CU. It's my "base" financial institution, and has been for almost 20 years.

      Rates are around 6% now, used to be close to 8% a while back.

  • The Savings APY was increased to 6.17% as of April 1. The Checking APY remains unchanged.

  • I've been a member for many years and love BECU! This isn't something new though, they have always offered a higher rate on the first $500 in checking and savings. Infact it use to be higher.

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