Offer at a glance
- Interest Rate:Â 3.5% APY
- Minimum Balance:Â $100
- Maximum Balance:Â $5,000
- Availability:Â Must live, work, worship or attend school in one of the following counties: CA: Santa Clara, Alameda, Contra Costa, San Mateo, San Francisco AZ: Pima
- Direct deposit required:Â None
- Additional requirements:Â None
- Hard/soft pull:Â Mixed DP, make sure to opt out of overdraft
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Insured:Â NCUA
The Offer
- Meriwest offers the Premier Savings account, this account is only available to sign up for members within 30 days of becoming a new member. The account earns 3.5% APY on balances up to $5,000 with no requirements to receive this rate
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees to worry about.
Our Verdict
This might be worth doing for people that sign up for the checking account that comes with a $150 bonus. This is definitely one of the best high yield savings account available as there are no requirements and the 3.5% APY rate is great.