Update 3/28/26: New $350 bonus.Nevada residents only. Hat tip to reader snailrock
Update 11/20/25: Terms now say ‘Offer limited to residents of Arkansas, Indiana, Michigan, Ohio, Oklahoma, Pennsylvania, Nevada, and North Carolina’
Update 11/6/25: Now offering a $250 checking & $100 debit card.
Update 5/18/23: Has now increased to 5% APY from 3% APY.
Offer at a glance
- Interest Rate: 3% APY
- Minimum Balance: None
- Maximum Balance: $15,000
- Availability: MI, NV only
- Direct deposit required: Yes, no minimum mentioned. It does say just an ACH deposit is required.
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $1,000
- Monthly fees: None
- Insured: NCUA
The Offer
- United Federal Credit Union Ultra Checking account offers 3% APY on balances up to $15,000 when the following requirements are met:
- eStatements
- 10 debit transactions
- 1 ACH deposit (no minimum specified)
Avoiding Fees
There doesn’t seem to be any monthly fees to worry about. There will be an inactivity fee when a checking account other than an eCash with an average monthly balance below $250 and that is inactive for three months or more will be charged a monthly $7 inactivity fee
Our Verdict
Relatively easy requirements to meet, will add this to the best high yield savings accounts.
Hat tip to PrudentVeterinarian0
