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Reward Checking Account Bonus at Bethpage FCU in Parts of NY

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Bethpage Credit Union

You can often find sign-up bonuses on checking accounts that pay no interest and have monthly fees. Sign-up bonuses for free interest checking accounts are much less common. That's what makes the checking account bonus at Bethpage Federal Credit Union a good deal. You can earn $100 when you open the credit union’s Bonus Checking account and you trade in your debit card or unused checks from another financial institution. This offer is scheduled to last through 12/31/2013. Details are listed in the credit union’s Bonus Checking page.

Bonus Checking is a free reward checking account. The rate is a little low for reward checking accounts, but on the positive side, there’s no balance cap. The account has a 1.00% APY (as of 11/20/2013) if certain monthly requirements are met. Those requirements include making 10 debit card purchases, using direct deposit and using online banking with e-statements.

DETAILSINSTITUTIONAPYMINMAXPRODUCT
Bethpage Credit Union1.00%--Bonus Checking
Accounts mentioned in this post. Rates as of April 16, 2014

The credit union is also offering a $25 refer-a-friend bonus.

Credit union membership is open to anyone who lives, works, worships or attends school in Nassau county or parts of Suffolk county. Please refer to the credit union’s field of membership page for the full details.

Bethpage FCU branches are located throughout Long Island, New York. The credit union is also part the CU Service Centers which allows members to perform many basic transactions at shared branches throughout the nation.

It's a large credit union with $5.5 billion in assets. The credit union has an overall health grade at DepositAccounts.com of an B+ with a Texas Ratio of 9.08% (above average) based on June 2013 data. Please refer to our financial overview of Bethpage Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 4735).

Other Credit Union and Bank Bonuses

You can view my latest bank bonus blog posts in this bank bonus page. I and DepositAccounts.com readers often post on bonuses in the banking deals forum.

Other Reward Checking Accounts

To find reward checking accounts available in your state, please refer to our reward checking table. You can also use the table to find reward checking accounts available nationwide. Refer to this post to learn how to use the table.

To learn more about reward checking accounts, please refer to my post 10 Common Traits of High-Yield Reward Checking Accounts.

  Tags: Bethpage Credit Union, checking account, New York

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Comments
4 comments.
Comment #1 by Annetta (anonymous) posted on
Annetta
Ken:

 3 comments on this deal. 

1) The credit union will report the $100 and $25 bonuses as income on a 1099.  No ifs, ands or buts.  Hardly makes it worth it.

2) They reserve the right to lower the interest rate.  Based on past experience, they tend to do so very aggressively.

 3) The ineptitude of this credit union is legendary, and I myself have experienced it. They have gotten too large and opened membership to too wide a field.  Beware. 

4
Comment #2 by 51hh posted on
51hh
And 1% RCA?  That's huge:D

2
Comment #3 by Anonymous posted on
Anonymous
Not worth the hassle when some savings account are paying at or near 1%. Plus, you don't have to "work" for the interest like you do for an RCA.

1
Comment #4 by Anonymous posted on
Anonymous
Whether they do a hard pull on your credit file when open the account?

 

1