Update 4/15/25: Rate is 7% and available to some in FL. Hat tip to reader Eric
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
- 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.
View Comments (14)
@2,
This is available to some FL residents also. See my comment here for info on that: #2044198.
Also, the rate is not 5% like you have in the post. It is 7% APY.
Updated and fixed, thank you.
What works for DD here, anyone?
As someone else said, the APY for the checking is now 6.5%. For the qualified posted transactions, it also includes credit card transactions.
I'm not sure if there is a minimum for the transactions, as ideally, I'd like to just do Amazon reloads (posted as debit). 50 cents x 25 = $12.50 per months.
APY is now 6.5%.
@chucksithe @will Guys please update - it’s HP on EX.
Done
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!
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.
I just called to inquire about opening an account, it is a hard pull!
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.
My child is also named Dort
We need more Dort license plates.
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