Posted by William Charles on April 19, 2017
Current Savings Account Sign Up Bonuses

Published on April 19th, 2017 | by William Charles


[WY only] WyHy FCU 4% APY SmartReturns Checking Account On Balances Up To $15,000 – Direct Deposit Not Required

Offer at a glance

  • Interest Rate: 4% APY
  • Minimum Balance: None
  • Maximum Balance: $15,000
  • Availability: Must open in branch, all branches are in WY [Branch locator]
  • Direct deposit required: None
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Insured: NCUA

The Offer

Direct link to offer

  • WyHy Federal Credit Union is offering a 4% APY rate on the Free SmartReturns Checking account on balances up to $15,000 when you complete the following requirements:
  • Balances over $15,000 earn 0.25% APY and you can earn free unlimited ATM refunds by meeting the above requirements)

smartreturns checking bonus

The Fine Print

  • Minimum opening deposit of $25
  • Each qualifying period will begin one business day prior to the first day of the current statement cycle through the last day prior to the last business day of the current statement cycle.
  • If you do not meet the qualifications for a qualification cycle your APY will be 0.05% for that period.
  • You will not be reimbursed for any accrued but unreimbursed ATM fees at the time You close Your account.


Avoiding Fees

This account has no monthly fees to worry about

Our Verdict

Assuming this is a soft pull, this account is very very good. 4% rate on balances up to $15,000 is great (usually the maximum balance is much lower on accounts with that type of rate). The fact that no direct deposit is required makes it even better. It is a shame you need to open the account in branch though.

All of that being said (and assuming a soft pull) this is one of the best high interest rewards checking accounts currently available.

14 Responses to [WY only] WyHy FCU 4% APY SmartReturns Checking Account On Balances Up To $15,000 – Direct Deposit Not Required

  1. NewHere says:

    It may worth a trip to WY. I’ve heard Yellow Stone is beautiful. I wonder if you have to live in WY to open the account.

  2. Ken says:

    Sent them an email, I’ll report back when I hear form them.

    • Ken says:

      They said I could open an account in CO if I join 1 of 3 groups with the cheapest being $5 for a ski group. I’ve asked a few additional questions and will report back.

      • Ken says:

        When does a hard pull NOT impact your score? This is what they said, so if it is in fact a hard pull I won’t be doing this.

        It is hard [pull], but because it isn’t for borrowing funds, it doesn’t count against their credit.

  3. Curmudeon says:

    Talked to a rep via chat. To open an account, you need:

    – to be a resident of Wyoming
    – to have a family member that has an account there
    – to work for a “select employer”, list here:

    The rep said they had lots of interest from people outside the state and are looking at ways to let them join, but it sounds like just driving through isn’t going to work.

  4. Curmudgeon says:

    I gave my email / telephone # to the rep I was chatting with and she said they would (hopefully) contact me if they find a way to open this up to out of state people. A few minutes later I actually got an email from them with contact info, which gives me a reason to be hopeful.

    I will probably be driving through Cheyenne in a few months anyway, but it would be great if we could do this online.

    Maybe you can get readers of this site added as a “select employer group”? 🙂

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