Elements Financial Offers 2.10% APY On Helium Savings For 1 Year


Deal Summary: Helium Savings Promo, 2.10% APY, one-year rate guarantee, $2.5k minimum balance, new money, new account holders.

Availability: Easy membership requirement

Five years ago, Elements Financial launched its Helium Savings account, with an initial 1.00% APY (a competitive rate at the time). The 1.00% APY lasted about six months before the rate began to slip, finally settling at 0.55% APY. While many nationally available savings account rates climbed significantly in the past two years, the Helium Savings rate never increased beyond its current 1.30% APY.

If you’re wondering why I’m touting a 1.30% APY, I’m not: Elements Financial is currently offering a promotional 2.10% APY on the Helium Savings that’s guaranteed for a year, following account opening.

The minimum opening deposit to earn the stated APY is $2.5k, with a maximum deposit of $250k. New money is required and is defined as funds not on deposit at Elements Financial within 90 days of account opening. Existing Helium Savings account holders do not qualify for this promotion. An average daily balance of $2.5k is required to earn the 2.10% APY; balances below $2.5k do not earn any interest. Following the one-year promotional period, the rate will "reset to the then current Helium Savings rate and may change without notice."

While there is no monthly maintenance/service fee, there is a monthly $5 Inactive Relationship fee “if no activity has occurred for at least 12 months.” The Helium Savings account has no debit card or check writing privileges. There is no fee for exceeding the six withdrawals/transfers allowed by statement cycle, but as stated in the Truth-in-Savings Truth-in-Savings disclosure,

If you exceed the transfer limitations in any statement period,
your account will be subject to closure by the credit union.

High Interest Checking

The rate on the High Interest Checking account was raised in July, with qualifying balances up to $20k earning 3.00% APY. Qualifying balances over $20k earn 0.10% APY, with non-qualifying balances earning 0.05% APY.

2.00*%$100$20kElements FinancialHigh Interest Checking
OTHER TIERS: 0.10% $20k+
Rates as of May 19, 2022.

In 2012, the High Interest Checking earned 4.00% APY, but only on qualifying balances up to $1k. While the rate was lowered to 2.00% APY in 2016, the qualifying balance cap was raised to $20k, increasing the potential annual earnings tenfold. The most recent rate increase adds an additional $200 to the potential annual earnings.

There are only two qualifying requirements:

  • 15 qualifying transactions per statement cycle, including all debit card purchases, checks, bill payments, ATM withdrawals, and ACH withdrawals.
  • Minimum average daily balance of $100

The High Interest Checking account has no minimum opening deposit requirement. The first 50 checks are provided for free and there is unlimited check writing. The $5 monthly maintenance fee will be waived if eStatements are received.


Headquartered in Indianapolis, Elements Financial offers a way for almost any U.S. citizen or resident alien to join through Tru Direction, Inc., a not-for-profit organization dedicated to improving financial literacy. Joining Tru Direction, Inc., with a one-time $5 membership fee, qualifies for membership in Elements Financial.

Employees, students, retirees or members of Eli Lilly & Company and more than 130 other organizations are eligible for membership.

Immediate family members (spouse, child, sibling, parent, grandparent, grandchild, step- and adoptive relationships) and household members (shared residence and income) of membership-eligible individuals also qualify for membership.

Joining Elements Financial and opening a Helium Savings Promo account can be done online, by phone (800.621.2105), or at any of six Indiana branches located in Greenfield and Indianapolis (5).

The Membership Application is also available as a download, and can be returned by mail or in person at any of the above mentioned branch locations.

During the application process, we will open you an Elements savings account (that’s the part that makes your membership official). We’ll even put $5 in to get you started — no need to transfer funds from an existing account!.

Elements Financial is a part of both the CO-OP Shared Branch and ATM networks.

We have a global footprint. We serve members in all 50 states and 50 countries. Through the credit union shared branch and ATM network, we provide access to 5,000+ shared branches nationwide and 78,000+ surcharge-free ATMs globally.

Credit Union Overview

Elements Financial has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 1.63% (excellent) based on June 30, 2019 data. In the past year, Elements Financial has increased its total non-brokered deposits by $101.5 million, an excellent annual growth rate of 8.03%. Please refer to our financial overview of Elements Financial (NCUA Charter # 22468) for more details.

Elements Financial was established in 1976 as the Eli Lilly Credit Union, for the benefit for the employees of Eli Lilly & Company. (Known today as Lilly, it was the first company to mass-produce penicillin, insulin, and the Salk polio vaccine.) It’s been more than four years since the Elements Financial re-brand, which was done “to embrace the growth and diversification of our membership.” Elements Financial is currently the fourth largest credit union headquartered in Indiana, with more than 110,000 members and assets in excess of $1.6 billion.

How the Helium Savings Promo Compares

When compared to 233 nationally available Savings Accounts tracked by DepositAccounts.com that do not require a large minimum balance, Elements Financial’s Helium Savings Promo APY currently ranks eighth. The one-year rate guarantee only enhances the APY’s competitiveness.

The above rates are accurate as of 10/10/2019.

To search for the best Savings Accounts rates, either nationwide or state-specific, please refer to DA’s Savings Account Rates page.

Related Pages: Indianapolis savings accounts, savings accounts, reward checking accounts, nationwide deals

  |     |   Comment #1
Going to open this to have a floor for my liquid savings once my Northern 2.5% gm savings account loses its guarantee after the end of the year.
Predatory Depositor
  |     |   Comment #5
I should have a 2.35% (or is it 2.30% I forgot) floor for liquid funds up to $1m in my Northpointe account that was guaranteed for 24 months in my case up to about November of 2020. After Northern expires I'm expecting to use that. But with all the changing terms shenanigans going on I'm going to verify it with Northpointe before passing on this deal since I'm currently not using that account. If Northpointe plays any games I'll report back. My previous experiences with them have all been good.
  |     |   Comment #6
#5 Or you could just open an account with the $2,500 minimum and have a locked in rate if needed ( depending on how much cash you have). That Nortpointe offer is sure looking good with rates going down.

Looks like we will be seeing another 1/4 % rate drop soon so these savings account rates will most likely continue to drop.
Predatory Depositor
  |     |   Comment #7
As long as the Northpointe deal is in place, I shouldn't need this deal. So I'm hoping I won't have to bother opening it. It will depend on how solid an answer I get from Northpointe. I'm expecting they should be good with their promise but it's a good opportunity to double-check.
  |     |   Comment #2
Sadly, I'm considering this as well, for the same reason as Att (rate insurance for a liquid account, with no significant cap issues). Several months ago I would have called 2.10% "lead" (Pb) as opposed to "helium" (He). Even with a 1-year rate guarantee.
  |     |   Comment #3
I'll run over to Ally for the np CD, so thanks but no thanks.
  |     |   Comment #4
#3 The Ally 11 month NP pays 1.8% with a $5,000 minimum. They are convenient and have a good site but they are not a tate leader.

I use savings accounts to pull and add funds at a frequent basis.
Mike M.
  |     |   Comment #8
Sold! I’m so tired of rate chasing, this will be a nice safety net. As others have stated you don’t need to load up this account now. Start small and add as other accounts drop their rates.
  |     |   Comment #9
How much longer do you think this offer will be around? I am procrastinating signing up to extend the rate lock farther out while the Northern Bank rate guarantee is still in effect. Am I playing with fire?
  |     |   Comment #10
1 Year Helium Savings Promo, Guarantee rate 2.10% down to 1.90%
seems to have never received proper consideration in this falling rate environment
  |     |   Comment #11
I opened an account at the 2.1% rate and am considering adding to it. However, three different CSRs have given me maximum balances to earn that rate of 20K, 250K and unlimited respectively :-(

Anyone have the answer in the form of a document from Elements?

  |     |   Comment #12
I have more than 250K in this account and heard from them that they are going to enforce the 250K max for the 2.1% rate starting August 1
  |     |   Comment #13
They have to have a contractual basis for same and usually requisite notice. If u plan to actually add to it, may want to do it now (by their terms?) and/or see an attorney for your options
Elements Financial Ups High Interest Checking To 3.00% APY
Deal Summary: High Interest Checking, 3.00% APY on qualifying balances up to $20k

Availability: Easy membership requirement

Indiana-based Elements Financial began July by raising the rate on its High Interest Checking account: qualifying balances up to $20k now earn 3.00% APY. Qualifying balances over $20k continue to earn 0.10% APY, with non-qualifying balances earning 0.05% APY.

In 2012, the High Interest Checking earned 4.00% APY, but only on qualifying balances up to $1k. While the rate was lowered to 2.00% APY in 2016, the qualifying...

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Elements Financial Ups Rates on 34- and 54-month Rate Climber CDs
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Availability: Easy Membership Requirement

It’s been more than a year since Elements Financial had any rates or products that warranted a blog post. That changed at the beginning of July, when Elements Financial raised the rates on its 34-month (1.75% APY) and 54-month (2.25% APY) Rate Climber Certificates by a uniform 25 bps. The minimum opening deposit is $1k ($500 for those under 18),...

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UPDATE 6/23/16: No longer available.

Availability: Easy Membership Requirements

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The minimum opening deposit is $1k, with a balance cap of $250k per certificate. There is also a $1 million maximum deposit per household. The fine print on the promotion page states this is a limited time offer, although no specific expiration date is mentioned.

The 22-month Grass is Greener Certificate is...

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Availability: Easy membership

In the past four years, I’ve written six different blog posts about the Indiana-based Elements Financial, highlighting its Helium Savings account, HSA, and a variety of CDs, but I’ve never had occasion to write about the High Interest Checking Account.

While Elements Financial’s High Interest Checking Account has earned 4.00% APY since June 2012, the $1K qualifying balance dampened any enthusiasm I had for the account.

That all changed yesterday when Elements Financial announced new terms and conditions for the High Interest Checking Accounts, effective March 1,...

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Elements Financial Offers 32-month Harvest Certificate Special

UPDATE 12/9/2015: Harvest Certificate Special is no longer available.

Availability: Easy membership

Elements Financial (formerly Eli Lilly Credit Union) has just announced the addition of its Harvest Certificate Special – a 32-month Savings Certificate (2.00% APY).

This is a limited time offer and while no expiration date is specifically stated, it’s unlikely the Harvest Certificate Special will be available much beyond Thanksgiving.

The minimum opening deposit is $1K, with a maximum deposit of $250K per certificate. Additionally, there is a $1M maximum deposit per household. The 32-month Harvest...

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