Published on December 16th, 2018 | by William Charles0
[OH only] Kemba Financial Credit Union Money Market 3% APY For 12 Months (On Balances Up To $250,000)
Offer at a glance
- Interest Rate: 3% APY for 12 months
- Minimum Balance: $25,000
- Maximum Balance: $250,000
- Availability: Ohio only
- Direct deposit required: Yes, $1,000+
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: NCUA
- Kemba is offering 3% APY on the Kemba Money Market account for the first 12 months. To receive the 3% rate you need you need to be an Advantage member. That requires completing the following requirements each month:
- 15 transactions/month (debit card, direct deposit, bill pay)
- $1,000+ direct deposit/month
The Fine Print
- Offer valid on new money only (new money defined as money not on deposit with KEMBA in the past 12 months).
- Money currently on deposit at KEMBA is not eligible for this offer.
- Limit one Money Market Account offer per Primary member and Business member.
- Not available to members or Businesses with a current Money Market Account.
- Not available with any other special offers or promotions.
- The special rate is available through the end of the 12th month from the date the Money Market Account is opened. For example, a Money Market Account opened November 15, 2018 would earn the special rate through November 30, 2019.
- The Rate for this promotion will revert back to the prevailing Money Market Account rates and tiers after the end of the 12th month.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
This account has no monthly fees to worry about
This is only 0.5% APY higher than the top basic savings account rate currently. For most people this isn’t going to be worth the effort involved, but if you have a lot of liquid funds then the extra 0.5% could make a huge difference (e.g 250k at 0.5% APY is an extra $1,250).
Hat tip to reader Scott S