Offer at a glance
- Maximum bonus amount: $250
- Availability: WA, OR
- Direct deposit required: No
- Additional requirements: $1,000 deposit and then maintain for $1,000 for three consecutive months
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Up to $7,500
- Monthly fees: None with eStatements
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: September 8, 2026
Contents
The Offer
- Peak Credit Union is offering a $250 bonus when you open a Peak High Yield Checking account and complete the following requirements:
- Complete one deposit of at least $1,000 within 30 days of opening
- Maintain an average daily balance of at least $1,000 for three consecutive months
- To qualify for 5% you need to make 25 debit card transactions per cycle and be enrolled to receive eStatements
The Fine Print
- To earn $250, you must meet the following requirements:
- 1. Open a Peak High Yield Checking account.
- 2. Complete one deposit of at least $1,000 in your Peak High Yield Checking within 30 days of opening.
- 3. Maintain an average daily balance of at least $1,000 in your Peak High Yield Checking for three consecutive months.
- 4. Meet monthly requirements for three consecutive months.
- To qualify for 5.00% APY*, make 25 debit card transactions per cycle & be enrolled to receive eStatements.
- To qualify for 3.00% APY*, make 12 debit card transactions per cycle & be enrolled to receive eStatements.
- Existing members with a checking account or who closed one within the past year are not eligible.
- One bonus per member. Bonus will be deposited within 60 days of meeting qualifications.
- Offer is not transferable.
- Offer valid from July 1 – September 8, 2026 and may be withdrawn at any time.
- Cannot be combined with any other offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about when you enroll in eStatements
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Looks worth doing especially with the large amount of credit card funding, interesting to see how difficult it is to get approved. Will likely add to our best bank account bonuses.
Hat tip to reader Bockrr
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
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- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Calculate And Share Your ChexSystems Datapoints
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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