On 7/11 I deposited $5000 in a 24 month CD with USSFCU as part of a $200 bonus promotion. It stated in the promotion: "Bonus will be credited to the account within 60 business days of the account qualifying for the bonus". Sent email today. Why do banks and CUs have problems paying out bonuses.
1. Gold Source Checking Accounts are subject to approval, with Visa® Debit Card. The minimum deposit required to open a Gold Source Checking Account is $2,000. Minimum balance requirements must be maintained for six consecutive months to qualify for this bonus. Gold Source Checking Account Yield .05% APY ***
2. Money Market Accounts are subject to approval. The minimum deposit required to open a Money Market Account is $2,000. Minimum balance requirements must be maintained for six consecutive months to qualify for this bonus. Gold Money Market Account Yield 1.26% - 1.66% APY ***
3. A minimum balance of $5,000 and a term of at least 24 months required. Certificate terms and balance requirements must be
met for six consecutive months to qualify for this bonus. Early withdrawal penalties apply. A 24-month term share certificate with
a balance of $5,000 will earn 5.18% APY. A 24-month term share certificate with a balance of $200,000+ will earn 5.28% APY.
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** Offer not valid for existing or prior savings accounts. Maximum bonus eligibility is $400. Eligibility is based on primary account owner. Account must be open when bonus is credited. Accounts that fail to meet minimum qualifying deposit and/or funding criteria within 30 calendar days of submitting initial account application will not qualify. Accounts that do not meet or exceed daily balance requirements for 186 consecutive calendar days beginning on the first day of account funding will not qualify. Accounts that do not meet and maintain standard USSFCU membership requirements during qualification will not receive any bonuses advertised in this promotion. All account applications are subject to approval. Bonus will be credited to the account within 60 business days of the account qualifying for the bonus. Bonus offers end 09/30/2023, 11:59 PM ET. Account application must be submitted during promotional period to qualify. Offer may be modified or withdrawn without notice and cannot be combined with any other promotional offer. USSFCU employees, managers and board members are not eligible for this promotion. Any taxes due on the bonus deposit are the sole responsibility of the recipient.
***Rates effective as of 06/01/2023 and are subject to change without notice. View current rates at ussfcu.org/rates. Fees may reduce earnings. View Fee Schedule at ussfcu.org/fees or call 800.374.2758.
Membership eligibility required. This credit union is federally insured by the National Credit Union Administration.
