Posted by William Charles on February 5, 2019
Savings Accounts

Published on February 5th, 2019 | by William Charles

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[NV only] Greater Nevada Credit Union – Aspire Checking 4% APY On Balances Up To $50,000

Offer at a glance

  • Interest Rate: 4% APY
  • Minimum Balance: None
  • Maximum Balance: $50,000
  • Availability: NV only
  • Direct deposit required: Yes, no minimum specified
  • Additional requirements: 9 debit card transactions, eStatements
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Up to $5,000
  • Monthly fees: $15, Avoidable
  • Insured: NCUA

The Offer

Direct link to offer

  • Greater Nevada Credit Union is offering 4% APY on balances up to $50,000 on the Aspire Checking when you meet the following requirements
    • Have at least 9 debit card purchases post and clear
    • Have one Direct Deposit post and clear
    • Receive online eStatements

The Fine Print

  • “Qualification Cycle” means a period beginning one day prior to the first of the month and ending one day prior to the last day of the month (ex. July 31-August 30 for August statement). Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made.

Avoiding Fees

This account has a $15 monthly fee, this is waived if you meet the requirements for 4% APY. They will also rebate up to $15 in out of network ATM fees if these requirements are met.

Our Verdict

They also have a checking account that gives you $10 monthly for meeting similar requirements. As far as high yield savings accounts go, this is one of the best. 4% APY is one of the top rates available and the maximum balance of $50,000 is much higher than competing banks.



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Sheng
Sheng

Does not pull chex.
Credit card funding is up to $5000. Although it stated that Amex is accepted, the system failed to recognize the 15-digit card.

Mnlv
Mnlv

How to check if credit card funding codes as cash advance or not? does it depends on credit card issuer?

Janeen
Janeen

I was able to fund with my Chase Freedom Unlimited today. I then called Chase and they said it went through as a purchase, not a cash advance. YMMV

Jay
Jay

Janeen

Could you do me/us a favor and report back when the charge is actually fully posted to your account?
(like exact details as what it got posted as to your CC statement)

TIA 🙂

Janeen
Janeen

Sure, I’ll let you know soon. It is still showing up as pending.

Janeen
Janeen

The charge posted today as a purchase with a category of personal. Received 7,500 points from my $5,000 funding using my Chase Freedom Unlimited. Woo hoo!

Elijah K
Elijah K

Is Nevada only enforced?

AD
AD

did anyone outside NV get thru 🙂 5k funding is interesting

Ian Pearson
Ian Pearson

Looks like the residency requirement is clamped-down. You might get a membership if you work in Nevada and live somewhere else.

“Who can become a member of Greater Nevada Credit Union?

You can become a member of Greater Nevada Credit Union and enjoy the credit union difference if you live or work in any Nevada county or if you are related to a current member by blood, adoption or marriage, and live in the same household.”

Wesley Groth
Wesley Groth

Any doordash office in Nevada?

Noone
Noone

FYI…Applied for the account and they sent an email to send the proof of residency with Nevada address within 10 days

Noone
Noone

Update : sent the paystub and another bank statements showing nevada address as proof of residency but they only accept DL or any utility bill and since I dont have them on my name they closed my account.
The customer service is very bad and they keep on repeating the same answer and not willing to accept any other document.

gary
gary

They had pulled chex in the past and were very sensitive to chex inquiries and even required you to go in branch if there were any minor questions

Schmekel
Schmekel

“They had pulled chex in the past…”

gary – Were you able to open an account here in the past?
If so – What is your experience like from dealing with them in the past?

I’m reading reviews – most of them from years ago – of people complaining of being hit with many unexpected fees.
Just using the account as a savings account and not for making withdrawals/bill pays, etc., would hopefully eliminate these problems.

I don’t see listed any fee for closing the account at any time, so I’ll see what it’s like during the first month and get out quick if they are a problem.

I would normally make a tiny deposit initially, but the 5k credit card funding is drawing me in to starting that way.
But it makes me uneasy.
Hopefully they have improved their cs.

gary
gary

i did not open the account. they required me to go in and there was no branch nearby. I did qualify but live in a different part of the state from where they have branches

Jay
Jay

Anyone got any experience how strict they are with the direct deposit requirement?
(any datapoints for ACH, Serve, Paypal, …)?

Schmekel
Schmekel

The offer seemed too good to be true – cc funding; one of the highest account limits for one of the best interest rates with requirements better than many – but I was excited about it and ready to jump in.

Just read numerous horrible reviews of this CU – from recent ones to going years back:
https://www.yelp.com/biz/greater-nevada-credit-union-reno-2?sort_by=date_desc

Common threads are: customers getting hit with questionable fees; atrocious at best/non-existent/non-responsive at worst customer service.

I’m going to pass here unless several DoC posters put up some positive reviews of their experience.

A good deal if it works but I’d rather avoid headaches.
Based on everything I’ve read, the potential hassles aren’t worth it to me, but of course YMMV and what you’re willing to deal with could be much more liberal than what I’m willing deal with.

Justintime
Justintime

They pull chex, was denied have like 15 inquiries in 6 mnoths

VegasRob
VegasRob

Can confirm they pull Chex as I was just denied and this is from their email notifying me of such:

“We regret we cannot open your account today. In evaluating your application the consumer reporting agency, ChexSystems provided us with information in whole or in part influenced our decision. These agencies did not make the decision to disapprove your account application and are unable to provide you with specific reason why the decision was made.”

Lightninghcky
Lightninghcky

DP: Fidelity Visa pulls as cash advance

Rusty
Rusty

Applied and instant approval on 2/5. $5000 funded with Chase Freedom Unlimited, did not post as cash advance. You can get approved even if you live in Las Vegas.

3 Chex pulls in last 6 months, 5 in last year.

Jay
Jay

Same here, funded with Chase, live in LV, instantly approved on 2/6. 🙂

Did you receive your debit card yet?

Also, are you doing real Direct Deposits?
(if not, maybe we can update e/o on any success what counts as DD)

Mnlv
Mnlv

I am also in LV and opened and funded with a cc without cash advance coding. haven’t received my debit card either and trying paypal/serve/allient for DD.

It is a good idea to get our info shared on what dd is working. but no way to know until to get the debit card and see if a particular transactions tigers DD.

Jay
Jay

Quick update:
Received my debit card today. Doing some small purchases in next few days.
Have already done an Ally ACH push and a Paypal one.

Once I’m over 9 debit transactions will report back…

Jay
Jay

Another update:
Did 9 transactions (gas pump + self check out at grocery chain), but interest still at 0,05% in ‘Account details’.

Will try another couple of options of a “direct deposit” now, would really be happy if anyone found a working one and shared…

Mnlv
Mnlv

Received my debit card today and made 9 small transactions. I already had paypal/Alliet deposit. will do a serve deposit soon. hopefully one will work.

tonsofthorns
tonsofthorns

Review:
I’ve had this account for two-three years. Was getting ready to cancel it, as it was only 3% with 15 Visa Transactions, then I noticed it changed to less transactions and a higher limit and interest. So, I am sticking with it for a while longer.
I did not receive the bonus interest in one month while having this account. This credit union does not count starting on the first of the month for the required transactions. They start the day before and end on the second to last day of the month. So when I got my transactions in on the last day, I did not qualify. I complained to several people by calling and showing up in person, which got no sympathy. This has been the only issue. I learned to follow the rules and not make this mistake again.
One other complaint: They had a referral bonus for opening an account, I went through the steps to open for my wife and could not open online for some reason. Went to branch and was told the referral was only for online account openings. I chose to walk away.
For qualification of the rewards, I have only done direct deposit and visa transactions (pay sprint bill 9 times for $1 each)
Overall the bank is very strict. If you want to get fees waived, not going to happen here. You must follow the rules to get the rewards. Hope this helps.

Mnlv
Mnlv

Thanks for the info. do you do actual direct deposit from your employer to this account?

tonsofthorns
tonsofthorns

Yes, I do direct deposit from my employer to this account. I have not tried alternate ach or transfers.

Janeen
Janeen

Update on data points: Just finished our first month. We were told the first month was a “grace period.” We did go ahead and make sure we had the nine debit card transactions and did a direct deposit from Dash ($20). On Feb. 28th, we were awarded the full 4% apr interest (based on daily average) and the $15 fee was waived. Everything worked great.

Mnlv
Mnlv

same thing for me. However I am interested to know if this was because of the grace period or because we met the requirement. In account detail interest rate shows 0.05000 % . I am wondering if there is anyone whoes account detail shows 4% rate and what did they do in terms of DD.

Janeen
Janeen

We received this in an email the beginning of March:

Thank you for being a Greater Nevada Aspire Checking account holder. For the monthly qualification cycle beginning 1/31/2019 and ending 2/27/2019 you qualified to receive:

4.00% Annual Percentage Yield (APY) on your balance up to $50,000
ATM fee refunds up to $15
Your $15 monthly service charge waived

Minimum Qualifications: Actual Results
Have at least 9 debit card purchases post and clear: 10 debit card purchase(s) posted and cleared
Have at least 1 Direct Deposit post and clear: 6 Direct Deposit(s) posted and cleared
Signed up for and received eStatements: Yes

Note: The 6 direct deposits included the Dosh deposit and also the transfers we did to fund the account. The account details still show the 0.05% APR.

Flaxseed
Flaxseed

Do you mind sharing if the transfers which funded the account were from a bank or another source How were they coded? I am trying to figure out what GNCU considers a DD.

edy
edy

Branch only to open account? What are the requirements to prove that you are a Nevada resident? Can you take a special trip, open an account at the bank then go back tot your respective cities and all is well? Or will they require proof such as utility bills, phone bill, etc…?

Schmekel
Schmekel

Is everybody who took this offer happy with their experience to date?

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