Connexus CU Offers $100 Best Buy® E-Gift Card With New Checking
Deal Summary: $100 Best Buy® E-Gift Card when opening a new checking account between March 27, 2016 and May 21, 2017
Yesterday, I wrote about Connexus Credit Union's (Connexus) new Share Certificate deals, and briefly touched on Connexus' new checking bonus. As promised, here's a more detailed look at that $100 Best Buy® E-Gift Card.
It’s been five months since Connexus offered a bonus when opening a new checking account. Now through May 21, 2017, the Credit Union is offering a $100 Best Buy® E-Gift Card when opening a new Xtraordinary, MyRewards, or Innovative Checking account.
$100 Best Buy® E-Gift Card Requirements
- Open any Connexus checking account.
- Use promo code GIFTCARD when applying.
- Within 45 days of opening, register for online bank and receive one Direct Deposit.
$100 Best Buy® E-Gift Card Limitations
- Connexus members with an existing checking account, or who have closed a checking account on or after of March 27, 2017, do not qualify for this offer.
- Limit of one $100 E-Gift Card per member.
- Checking account must be opened by May 22, 2017.
- $100 E-Gift Card will be “emailed to the email address provided during the application process.”
Xtraordinary Checking
Connexus has been offering the Xtraordinary Checking account for almost ten years and its initial rate was 6.01% APY (up to $25k). Currently, Xtraordinary Checking earns 1.75% APY on qualify balances up to $25k, and that APY has been in effect for almost five years. Qualifying balances over $25k earn 0.25% APY, with non-qualify balances earning 0.20% APY.
Qualifying requirements are:
- Enroll in eStatements
- At least 15 monthly debit card transactions
- Have one direct deposit
- Have one third-party online bill payment
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 1.75*% | - | $25k | Connexus Credit Union | Xtraordinary Checking | |
| OTHER TIERS: 0.25% → $25k+ | |||||
MyRewards Checking
The MyRewards Checking account earns 1.35% APY on qualify balances up to $25k; 0.25% APY on qualifying balances over $25k; and 0.20% APY on non-qualify balances.
Qualifying requirements are:
- Enroll in eStatements
- At least 10 monthly debit card transactions
- Have one direct deposit or ACH automatic debit
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 1.35*% | - | $25k | Connexus Credit Union | MyRewards Checking | |
| OTHER TIERS: 0.25% → $25k+ | |||||
Innovative Checking
The Innovative Checking account is a non-interest bearing account that has no minimum balance requirements or monthly service fees.
With no-strings-attached, the Innovative Checking
account is the perfect account for any age—teen to adult.
Availability
Headquartered in Wausau, Wisconsin, Connexus Credit Union offers many routes to membership, including,
Easy membership: Membership in Connexus Credit Union is open to virtually anyone by joining the Connexus Association, with a one-time $5 donation that will directly benefit one of many supported organizations.
Employment or Affiliation - Employees, families, retirees, students, and alumni of the following companies and organizations qualify for membership: Air Line Pilots Association Union, Aqua Finance, Aspirus Inc, ATK, Cincinnati Bell, Convergys, Honeywell, Liberty Mutual, Marketplace Home Mortgage, Marshfield Clinic, North Central Technical College, and TSI Incorporated.
Residency - Members of the following communities are eligible to join:
Minnesota – Brooklyn Center, Crystal, Golden Valley, Hopkins, Minneapolis, New Hope, Robbinsdale, and St. Louis Park.
New Hampshire – Dover and Portsmouth.
Ohio – Cincinnati metro area and Fairfield.
Wisconsin – Rothschild, Schofield, Wausau, and Weston.
Complete eligibility details are listed Connexus’ Membership page.
Joining Connexus can be done either online, or in person at any of the eight Wisconsin branches located in Wausau (6) and Weston (2), or two Ohio branches both located in Cincinnati (2). Connexus also has branches for Liberty Mutual employees only in Dover and Portsmouth, New Hampshire; Fairfield, Ohio; and Wausau, Wisconsin. As the result of a merger, Connexus has acquired four branches in Minnesota, located in Brooklyn Center, Golden Valley, and Minneapolis
Applying for the checking bonus can be done online using the promo code, GIFTCARD, or by calling 800.845.5025.
Credit Union Overview
Connexus Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 9.61% (excellent), based on December 31, 2016 data. In the past year, Connexus increased its total non-brokered deposits by $118.27 million, an excellent annual growth rate of 11.49%. Please refer to our financial overview of Connexus Credit Union (NCUA Charter # 66538) for more details.
Founded in 1935, the Credit Union was originally established to serve the employees of Employer’s Mutual, the predecessor of Wausau Insurance (1980). In 1998, Wausau Insurance was acquired by Liberty Mutual Insurance and membership was extended to all Liberty Mutual employees and retirees nationwide. Over the next 19 years, through acquisitions, mergers, and expansion, Connexus increased its membership to over 286,000 members, with over $1.4 billion in assets.
The above rates are accurate as of 3/30/2017.
Other Bank Promotions and Bonuses
Not eligible for Connexus Credit Union’s $100 Best Buy® E-Gift Card bonus? Check out my latest bank and credit union bonus blog posts to find other promotions In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Deals Forum.
