Dedicated to Deposits: Deals, Data, and Discussion

$101 Checking Account Bonus at a DC Credit Union (Signal Financial)


Signal Financial FCU is still offering a $101 bonus for opening a checking account with direct deposit. According to the promotional page (pdf), the direct deposit must take affect before the prize money is awarded. Prize money will be deposited into your share savings account and held for 90 days. Only one incentive is allowed per member. The offer expires June 30, 2008.

My last report on this credit union was in March when it was offering a 12-month CD rate over 4%. The current promotional 12-month CD yield is down, but it's still competitive with a yield of 3.56% as of 5/26/08 (see rate table). The minimum deposit is $2,500.

Membership is open to anyone who lives, works, worships or attends school in Washington, DC or inside the Beltway in Prince George's County, Maryland. Membership is also available to members of Artemis Racing. Please refer to the credit union's membership page for more details. An application to Artemis Racing is available at this page. Artemis Racing membership costs $25. Credit union membership requires a $5 deposit into the main savings account.

Branches are located in Maryland, Virginia and Washington DC. The credit union is federally insured by the NCUA (Charter # 5571). It has $244.1 million in assets and 32,761 members.

Thanks to the reader who mentioned the extension of this bonus.

  Tags: Maryland, CD rates

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