Dedicated to Deposits: Deals, Data, and Discussion

$75 Checking Account Bonus at CU Open to All

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The America's Credit Union is offering a $75 bonus for opening a new Checking Direct or Choice Checking account with direct deposit. Both accounts only require an opening deposit of $1, however, $50 in the regular share savings account is required. The Checking Direct has no minimum balance requirements.

To receive the bonus, the direct deposit must be initiated within 30 days of account opening and the direct deposit must be at least $250. Also, the checking account must be opened for 12 months with direct deposit or the $75 bonus will be debited from the account at closing.

The credit union has branches in several Washington State cities including Olympia and Tacoma.

Credit Union Open to All

This is another credit union like PenFed and Self-Help in which anyone can join. All that is required is a one-time membership fee of $33 to the Association of the United States Army. You can apply online here, and you can fund the intial deposit by mailing in a check, by an electronic transfer (probably ACH) or even by credit card.

Unfortunately, this credit union doesn't have any high deposit rates. The best at this time is a 4.15% APY 12-month CD with a bump-up feature.

Perhaps one of these days we'll see a credit union like RateEdge.com which offers a very high-rate no-minimum savings account and also has easy membership eligibility. The banks probably won't be too happy.

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