Extended to December 20, 2025
Update 9/28/25: Deal is back until 10/11/25. Hat tip to reader snailrock
Update 4/6/25: Deal is back until May 31, 2025. Hat tip to ShawntheShawn
Offer at a glance
- Maximum bonus amount: $200
- Availability: AL, TN
- Direct deposit required: No
- Additional requirements: Deposit $200 and maintain that balance
- Hard/soft pull: Soft pull
- ChexSystems: Yes, not sensitive
- Credit card funding: Up to $530
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: 12/28/2024
Contents
The Offer
- Redstone Financial Credit Union is offering a $200 bonus for youth aged 0-17 when you open a child’s first savings account with promo code YOUTH.
- Redstone will match their average daily balance up to $200
The Fine Print
- Offer valid 7/16/2024 – 12/28/2024.
- Membership required; visit redfcu.org/join for details.
- Bonus will be deposited into the member’s account within 60 days of savings account opening, but no later than February 8, 2025, if the promotion requirements are met.
- Minimum $5 deposit required to open the savings account.
- Other restrictions apply. As of 7/1/2024, the Annual Percentage Yield (APY) for the share savings account is 0.45% and is subject to change monthly after account opening.
- No minimum balance is required to earn the disclosed APY. The APY is accurate as of the last dividend declaration date.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in their fee schedule.
Our Verdict
Very easy bonus and always nice to see bonuses for the young ones. Worth doing if you’re eligible and we will add this to our list of the best bank account bonuses.
Hat tip to benjamin mitchell
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
