Update 7/9/23: 5% now
Update 7/3/22: Rate increased to 3%.
Update 1/2/2021: Rate has been reduced from 3.25% to 2.53%
Offer at a glance
- Interest Rate: 2.53% APY
- Minimum Balance:Â None
- Maximum Balance:Â $15,000
- Availability:Â Nationwide Membership in Western Vista Federal Credit Union is open to anyone through membership in the Community Foundation ($5 donation)
- Direct deposit required: Yes, no minimum specified
- Additional requirements:Â See below
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Insured:Â NCUA
The Offer
- Western Vista offers the panorama checking account, this account offers 3% APY on balances up to $15,000 when the following requirements are met:
- eStatements
- Make at least 10 debit card transactions of $5 each
- Set up direct deposit
The Fine Print
- Each qualification cycle will begin on the last business day of the preceding monthly statement cycle, and end on the second business day that immediately precedes the end of the current month’s statement cycle (“qualification cycle”).
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees to worry about
Our Verdict
This account is definitely competitive with other rewards checking accounts especially with other places reducing rates recently, but the hard pull kills the deal for most people.
