Liberty Federal Credit Union: Vertical Dividend 3.30% APY Account On Balances Up To $20,000 (Evansville Teachers Federal Credit Union)

Update 5/18/22: EFTCU will be rebranded to Liberty Federal Credit Union in September.

Update 6/13/19: Rate will increase to 3.30% APY on 7/1/19.

January 2nd, 2018: Maximum balance has been increased from $15,000 to $20,000.

Offer at a glance

The Offer

Direct link to offer

  • Evansville Teachers Federal Credit Union (ETFCU) offer the Vertical Dividend Checking account, this account earns an APY of 3.30% on balances up to $20,000 when you complete the following requirements each month:
    • 15 debit card purchases
    • 1 direct deposit
    • 1+ online or mobile banking login
    • Receive eStatements
  • You also get free ATM withdrawals worldwide (up to $15 per month)

Avoiding Fees

This account has no monthly fees

Eligibility

According to the sign up page, anybody can join by making a $5 donation to the Mater Dei Friends & Alumni Association

Our Verdict

One of the better nationwide high interest accounts, it’s nice that it’s a soft pull and you can fund a small amount with a credit card. The high maximum balance is also nice. As always, please share your experiences in the comments below.
    William Charles
  • On May 18, 2022, 22:10

View Comments (1176)

  • Received a flyer in the mail last month... Complete 20 debits for a $10 bonus, or 15 debits for $5. No minimum purchase mentioned.

    Did the 1-cent PayPal subscription thing, because my balance was only a couple dollars and wasn't in the mood to jump through lots of hoops.

    Debits posted as "Point Of Sale Withdrawal PAYPAL" from 2/16 - 2/25, 2x per day.
    $10 bonus posted on 03/05/25 as "Interest Adjustment-Deposit / DEBIT PURCHASE PROMOTION".

    • I received the same flyer but forgot to try something similar. Do you happen to know the expiration date of the promo? Maybe if I'm bored later I will do it.

      • Sorry, but it's too late. Mailer said to use the debit card "now through February 28". Which I thought was weird, because it arrived mid-month, like 2/14. Bonus was due by 3/10.

      • Indeed, if it wasn't for the requirements to get this rate, I would have kept it open just in case rates start falling again.

        • I don't follow. Since there are no fees, why didn't you just keep it open with $1 and not do the requirements?

          • Worded wrong. It was my decision at the time to get rid of any accounts I had that were not earning me any interest.

            Can always open it again if need be.

  • Tried to do a US Bank Business Leverage funding of $1200, declined as it coded as cash advance.

  • $1200 (max) CC funding posted but available funds still showing $0. Anyone know how long it takes for funds to be made available? Already posted as purchase on my cc.

    • I applied for my account 07/23 with the $1200 CC funding.
      Account was approved on 07/30
      Balance was pending until around 08/06
      So in total, took around 2 weeks for the balance to be available

  • Just opened a new checking account. During sign up, it's asking for the membership number and PIN. I have copied the membership number. But what is the PIN number?

  • Just FYI, this month's cash app transactions posted as withdrawal rather than POS for me, may just be time to move on to a different bank since rate isn't competitive anymore.

    • @guest_1670443 Nothing has changed except for the name. Is their rate competitive anymore? No. Is that what you're referring to?

  • @guest_1148089
    Are your penny Paypal subscriptions working? I tried to start one this morning and got an error message from Paypal.

  • @chucksithe @will I've had various accounts since 2020 which helped to easily meet SUBs on credit cards. I mostly used the Vertical Checking at the $20k cap when the interest rate was better than alternatives are now. Anyway, please update the $1200 maximum credit card funding for this institution with the following credit cards since I've confirmed that they do not incur cash advance fees and all post transactions as purchases:

    CapitalOne Quiksilver
    Wells Fargo Active Cash
    Chase Ink Unlimited and Chase Ink Cash
    Bank of America Premium Rewards

  • How is everyone taking out their money quickly? Seems like there is only a $1k limit per day..

Leave a Comment