[Rate Change] [NV only] Greater Nevada Credit Union – Aspire Checking 1.75% APY On Balances Up To $50,000

Update: Rate reduced to 1.75%

Update 10/2/19: Rate is now only 3% (down from 4%), definitely worth taking a look at the other high yield savings accounts now available.

Update 8/30/19: Readers report getting an email from GNCU about an upcoming rate change; beginning October 1, 2019, the rate will drop to 3%, and the max will be lowered from $50,000 to $25,000.

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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Adam
Adam

DP: US Bank Business Cash tries to pull as a Cash Advance (line is set to $0 when the card is opened).

Harcourt Fenton Mudd
Harcourt Fenton Mudd

I was unable to open online, but was successful in branch.
It is definitely Chex sensitive.
As she was opening my account, I noticed a small sign on the desk that read,
“US PATRIOT ACT requires
IDENTITY VERIFICATION
for all new accounts
ChexSystems
Powered by eFunds”

JoeSmart
JoeSmart

Rate has been dropped to 1.75%, and no notice this time, at least not for me.

Mike
Mike

I didn’t get any notice about the change, either – normally, they’ve been good about communicating things like this.

Janeen
Janeen

I predict many, many withdrawals of $25k come October 1st. 🙂

Matt
Matt

I predict Orion Federal Credit Union, et al. will be joining shortly, which will help me feel better about my reluctance to jump through the hoops for such deals.

gary
gary

At least they gave a full month notice of rate reduction, unlike other banks have done

gary
gary

I received a copy of my chex systems and can confirm they do a hard pull of chex, soft credit bureau

Adam
Adam

Looks like this is dropping to 3% APY on a max of $25,000 at the end of September. Same qualifying terms.

Geemo
Geemo

Interest goes down to 3.oo% soon.

O Hazel
O Hazel

Rate dropping to 3% APY on up to 25k October 1st

edy
edy

I am thinking of joining this CU but am concerned about the what qualifies as a direct deposit. Reading the thread below, seems as if quite a few people are as well. Does it have to be an employer issued direct deposit? I noticed some talking about Dosh, PayPal, ACH, etc…. be great to figure out what works before joining!

Also, anyone here not from Nevada but work there and was awarded an account?

arizonapv
arizonapv

edy, from the comments you do not need to have an employer DD. ACH and even trial deposits count towards the DD.

Adam
Adam

Driver’s license is a requirement. They are very strict on being a resident.