Partner Colorado Credit Union 1.75% APY On Balances Up To $10,000

Update 5/19: Rate reduced to 1.75% from 3%

Update 4/23/20: Rate has increased to 3.5% from 3%. Hat tip to reader Eric

Offer at a glance

• Interest Rate: Up to 3.5%
• Minimum Balance: None
• Maximum Balance: $10,000
• Availability: Nationwide, see below
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Hard pull
• ChexSystems: Unknown
• Credit card funding: Unknown 
• Monthly fees: $5, avoidable
• Insured: NCUA

The Offer

Direct link to offer

• Partner Colorado Credit Union is offering a 3% APY high interest checking account on balances up to $10,000 when you meet the following requirements:
  • Complete 20 signature based debit card transactions, $5 minimum per transaction
  • Sign up to receive eStatements
  • Use online or mobile banking

The Fine Print

• 3.00% Annual Percentage Yield (APY) displayed is paid on average daily balances up to $10,000, .50% APY between $10,001-$25,000 and .10% APY on remaining balance and/or non-qualifying accounts.
• Rate is valid as of 02/01/14, rates are subject to change without giving notice.
• Non-qualifying High Interest Checking accounts will be assessed a monthly fee, see fee schedule for applicable fees.

Avoiding Fees

According to the fee schedule there is a $5 monthly fee if the requirements are not met.

Eligibility

Must live or work in the Denver area, or you can join nationwide by first joining the Consumers United Association ($5 fee)

Our Verdict

This isn’t worth considering due to the fact you need to make $100 in debit card transactions monthly, there are much better high interest saving account options out there and it being a hard pull doesn’t help either.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.