Update 10/21/20: Rate has been increased back up to 2.00% APY.
Update 3/20/20: Rate reduced down to .75% now.
Update 3/10/20: Rate reduced from 4.05% to 2.00%.
Offer at a glance
- Interest Rate: 4.05% APY
- Minimum Balance: None
- Maximum Balance: $50,000
- Availability: Must be a resident of Texas
- Direct deposit required: Yes or ACH payment
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: FDIC
- Affiliated Bank is offering 4.05% APY on balances up to $50,000 when you complete the following requirements:
- At least 1 direct deposit or ACH payment transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive E-Statements
This account has no monthly fees to worry about.
Seems like it’s relatively easy to trigger the requirements and it’s nice that the maximum is $50,000.
Hat tip to reader missjenniferd1