[MI only] Dort Federal Credit Union 5% APY On Balances Up To $10,000

Offer at a glance

  • Interest Rate: 5% APY
  • Minimum Balance: None
  • Maximum Balance: $10,000
  • Availability: MI only [Branch locator]
  • Direct deposit required: Yes, $900+
  • Additional requirements: eStatements and 25 debit card transactions
  • Hard/soft pull: Hard pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Insured: NCUA

The Offer

Direct link to offer

  • Dort Federal Credit Union is offering 5% APY on balances up to $10,000 when you meet the following requirements:
    • Receive a direct deposit of at least $900 per month
    • Enroll in eStatements
    • Have 25 posted debit card transactions to your account each month

Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

The 5% APY rate is attractive, but that’s a lot of requirements especially when the maximum limit is only $10,000. Personally I think there are much better high yield savings accounts out there so I wouldn’t recommend this one.

 

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MrMoo
MrMoo

APY is now 6.5%.

Racoonzel
Racoonzel

Chuck William Charles Guys please update – it’s HP on EX.

Racoonzel
Racoonzel

Tried to apply with locked credit – it was HP attempt on EX. No, I don’t think it deserves the trouble and HP – 25 dc transactions and dd!

Racoonzel
Racoonzel

5% for checking is temping of course and they also have 5% CD on 19 months (50k minimum). But I hope that in December we will see new offers from another FIs for 5% accounts or CD without geo restrictions or balance limits or hps.

Rye
Rye

I just called to inquire about opening an account, it is a hard pull!

Otto
Otto

Anybody with experience on this account?

Considered it but 25 debits would be a pain. If there is a tracker of some sort I might bite. I’d hate to think I did enough debits but accidentally miss one or have one not count for some reason.

Frito Pendejo
Frito Pendejo

My child is also named Dort

Aaron M
Aaron M

We need more Dort license plates.

Betelgeuse
Betelgeuse

They had a 4% cd recently but not sure if it’s still available
https://dortonline.org/wp-content/uploads/2019/03/Dort-Federal-CU_4_Cert.pdf