This is not to be confused with the other Consumers Credit Union that is available nationwide and offers 4.09% APY.
Offer at a glance
- Interest Rate: 4% APY
- Minimum Balance: None
- Maximum Balance: $15,000
- Availability: MI only
- Direct deposit required: Yes, $1,000+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: NCUA
- Consumers Credit Union offers the Serious Interest Checking account this offers 4% APY on balances up to $15,000 when the following requirements are met:
- 12 posted debit card transactions per month
- An average daily balance of $1,000+
- $1,000 minimum recurring monthly direct deposit
- Enrolled in eStatements
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
This account has no monthly fees to worry about.
This credit union also offers a $200 business checking bonus. We still don’t know if it’s a hard or soft pull. Requirements are a little annoying to meet, but getting more difficult to get these high APY rates now.