$150 Bonus for Money Market Account at NY CU

The Summit Federal Credit Union is offering up to $150 bonus for opening a Money Market Account. The $150 bonus includes a $130 Wegmans gift card and a $20 cash bonus for direct deposit. This full bonus requires an initial deposit of $50K of new money. Smaller gift cards are available for smaller deposits. A $1.5K deposit earns a $10 Wegman gift card. You must open and fund the money market account by the end of December to receive the bonus. Also, you must keep the money market account active until the end of next March to avoid a closing fee equal to the bonus.

With a $10K balance, you qualify for the Premier Level. This level has several checking account perks such as up to 10 free foreign ATM transactions per month and free standard checks. The $10K balance can include balances in CDs or loans. The credit union does have some decent CD rates such as 4.40% APY for a 1-year CD.

The credit union's field of membership includes those who live, work, worship, volunteer or attend school in the New York cities of Rochester, Buffalo, Geneva, Henrietta and Amherst. Employees and retirees of over hundred companies are also included in the FOM.

Credit for this deal goes to this ibankdesign thread.