Posted by William Charles on December 27, 2016
Current Savings Account Sign Up Bonuses

Published on December 27th, 2016 | by William Charles

7

[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

checking-savings-account

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:



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

  1. Liam says:

    BECU is a fantastic credit union. I’ve been with them for years.

  2. Cole says:

    Just so that you know. to qualify for member advantage rates you have to do something each month:

    https://www.becu.org/~/media/Files/PDF/9115.pdf?la=en

    Member Advantage Accounts
    Limit one Member Advantage Savings (MAS) and one Member Advantage Checking
    (MAC) account per person.
    May have multiple Member Adv
    antage CDs and
    Money
    Market
    with Member Advantage (M
    MM
    A
    ) accounts.
    Open a MAS a
    nd MAC account, sign up for free monthly eStatements and make a
    monetary transaction each month using at least one of the following free and
    convenient services:

    Debit MasterCard
    make purchases onli
    ne, 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 recurri
    ng monthly deposit into your BECU Checking
    account from your paycheck or other monthly inc
    ome
    .

  3. Justin says:

    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.

  4. TygerHawke says:

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

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑