Update 7/7/22: There is a $200 bonus to celebrate the New Branch in Waxahachie, TX. Looks like it might be possible to open online and get the bonus that way.
Offer at a glance
- Interest Rate: 1.5% APY when requirements are met
- Minimum Balance: None
- Maximum Balance: $50,000 for 2.5% APY rate
- Availability: Must live, work or worship in one of the following counties: Collin, Delta, Denton, Hunt, Johnson, Kaufman, Parker Rockwall, Tarrant or Wise. All are in Texas.
- Direct deposit required: Yes
- Additional requirements: 15 debit transactions of $5+
- Hard/soft pull: Hard
- ChexSystems: Unknown
- Credit card funding: UnknownÂ
- Monthly fees:Â None
- Insured: NCUA
The Offer
- Neighborhood Credit Union is offering a 1.50% APY rate on balances up to $50,000 when you meet the following requirements each qualification cycle:
- Complete 15Â debit or credit card transactions of $5 or more
- Receive one automatic payment or direct deposit (must post & settle)
- Receive eStatements
Avoiding Fees
This account has no monthly fees to worry about
Our Verdict
The high maximum balance is nice, but the fact you need 15 debit transactions per month and they need to be over $5 each makes this account much less appealing. I think most people will probably find better options for high interest accounts here, but if somebody does decide to sign up please let us know if it’s a hard/soft pull and if you can fund with a credit card.
