Offer at a glance
- Maximum bonus amount: $100
- Availability: Must live or work in the following areas: IL (Boone, Jo Daviess, Knox, Lake, McHenry, Stephenson, Warren, or Winnebago) or WI (Barron, Chippewa, Columbia, Dane, Dodge, Iowa, Lincoln, Milwaukee, Oneida, Ozaukee, Price, Racine, Rusk, Sauk, Taylor, Washington, or Waukesha, or within 25 miles of Sheldon or 15 miles of Chetek)
- Deposit Required: $10,000 for $100 or $5,000+ for $50
- APY: 0.05% for balances up to $9,999, 0.1% for balances up to $24,999.
- Additional requirements: Open in branch
- Hard/soft pull: UnknownÂ
- ChexSystems: UnknownÂ
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee:Â Unknown
- Expiration date: December 31st, 2016
The Offer
- Receive a bonus of $100 when you open a money market account with a deposit of at least $10,000 (deposit must be received within 10 days of account opening and must be maintained for 90 days after deposit)
- Receive a bonus of $50 when you open a money market account with a deposit of $5,000-$9,999Â (deposit must be received within 10 days of account opening and must be maintained for 90 days after deposit)
The Fine Print
- All offers subject to qualified credit. New members: subject to member eligibility and an initial deposit of $25 into a primary savings account, which must remain open for 12 months.
- Coupon must be presented by December 31, 2016, and prior to opening the account.
- Qualifying accounts must be opened within 30 days after presenting coupon.
- Cannot use multiple offers on same product. Promotions can change or end at any time.
- Each coupon may be used once per individual member account.
- Bonus may be taxable as income and reported on IRS Form 1099-INT.
- Money must be new to Heritage and not transferred from another Heritage account. Receive $100 bonus for opening a new money market and depositing at least $10,000 or more within 10 days of opening and maintaining at least $10,000 balance for 90 days after deposit.
- Receive $50 bonus for opening a new money market and depositing $5,000-$9,999.99 within 10 days of opening and maintaining a balance of $5,000-$9,999.99 for 90 days after deposit.
- Bonus will be deposited to your Heritage primary share account within 30 days after maintaining the eligible balance for 90 days.
- Heritage employees and their immediate families are not eligible.
- Void if expired, altered, reproduced or photocopied.
Our Verdict
These accounts earn basically no interest, if you put $10,000 into a 1% account for 90 days you’d earn $24.65 – there are plenty of accounts that earn at a higher rate than 1% though so personally I wouldn’t waste my time with this sort of bonus. Especially when there are so many other checking bonuses that provide better value. Heritage Credit Union also have a $100 checking bonus.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- 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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank