[Nationwide] Genisys Credit Union 6.75% APY High Yield Checking Account – Up To $7,500

Update 6/1/24: Rate increased to 6.75%

Update 2/4/23: Rate increased to 5.25%

Update 7/30/21: Now available nationwide, If you live outside of our location eligibility or do not qualify based on family eligibility, you can still join by making a contribution to one of these Associations.

  • Arthritis Foundation
  • Paint Creek Center for the Arts.

Hat tip to reader Angel

Offer at a glance

  • Interest Rate: 4.06% APY
  • Minimum Balance: None listed
  • Maximum Balance: $7,500
  • Availability: Seems to be in branch only, locations are in MN, PA & MI
  • Direct deposit required: No
  • Additional requirements: 10 debit card
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown, sensitive
  • Credit card funding: Up to $50
  • Monthly fees: None
  • Insured: NCUA

The Offer

Direct link to offer

  • Genisys Credit Union is offering the genius high yield checking account. This card earns 4.06% APY on balances up to $7,500 when you complete the following requirements:
    • Enroll in eStatements
    • Make 10 debit card transactions of $5 or more each month

Avoiding Fees

Doesn’t look like this account has any monthly fees to worry about.

Our Verdict

Nice rate and no direct deposit required. The big downside is that the debit card transactions need to be $5 or more. Not a huge deal but might be annoying for some people. As always a full list of high yield checking accounts can be found here.

Hat tip to reader Matt
    William Charles
  • On June 2, 2024, 08:00

View Comments (153)

  • I joined Genisys CU today and received account number and routing number and access to online banking. When I tried to setup ACH Transfer from Fidelity Brokerage I received an error message that it didn't recognize Genisys account information. Maybe I need to wait a day or two?

    • yeah give it a few days, sometimes new accounts show as available but aren't fully set up yet

  • 11/2: Applied OOS via family member eligibility (P2 got it during summer). Got referral message: "Unfortunately, we could not approve your application online at this time. Your application will be manually reviewed and we will send you our decision within one business day"
    11/4: Asked to continue in branch: "Thank you for your interest in Genisys Credit Union. Unfortunately, we are unable to continue your membership application online. If you would like to complete your application, please visit one of our 31 branch locations for a representative to assist you"

    No OnAlert notification, so seems like no Chex pull at least.

    • FYI, OA is not 100% reliable so you should check your Chex report to be sure that there was no pull.

  • is it specifically oos applicants that are getting rejected online for chex, or are they like this with applicants inside their footprint as well?

      • Thank you for your interest in Genisys Credit Union.  

        Unfortunately, we are unable to continue your membership application online. Further details have been provided by mail to the address you provided in your application and your credit card will be refunded.

  • Application approved over the internet, waiting for funding to clear.

    Monthly Fees: The fine print in the Fee Schedule (pdf) for "Interest Checking" says $1500 minimum balance or $10 monthly fee.

    Does that apply to this High Yield checking account offer or some other account?

    just checking.

    • Don't root for that to happen. That would mean that interest rates have been lowered to around 3% by the Fed.

  • Anyone actually get approved for this one recently with a lot of Chex inquiries?

      • See these DPs of Genisys closing approved accounts later citing Chex: #1462538 #1323858 #1323799

        Hope Genisys has stopped doing that. @guest_1853888

        • Your reply must have gone to moderation, but it appears that they are still approving and then denying after the fact. I can't ever wrap my head around why banks & credit unions would approve people in this fashion only to later close them down. It seems so backwards and inefficient. Also extremely frustrating to the applicant.

          • Yep, went to moderation. I completely agree. I guess they are just too lazy to tune their system.

          • @guest_1231892
            I am going to assume the worst and not give them the benefit of the doubt.

          • As of now, I have not been shut down. Online banking still works fine and I have not received any notifications regarding rejection or closure.

            EDIT: I received the Unfortunately, we are unable to continue your membership application online email literally 5 minutes after posting this. Looks like I am in fact shut down.

          • It's amazing how banks can approve new accouns and then change their minds later.

          • I know it sucks. Unfortunately for many credit unions, an automatic approval by their system is generally noted as a conditional approval, not a final decision, so they can override and reverse the decision later.

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