Offer at a glance
Interest Rate: 7% APY
Minimum Balance: $20,000
Maximum Balance: None
Availability: TX, might be nationwide with a $5 donation to Star Savers Education Foundation
Direct deposit required: None
Additional requirements: 15 debit card purchases
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Insured: NCUA
The Offer
Las Colinas Federal Credit Union offers a Premier Checking Account. This account earns 7% APY on balances up to $25,000 when the following requirements are met:
Make 15 point-of-sale purchases with your debit card
The Fine Print
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees to worry about.
Our Verdict
Seems like the requirements are very easy to meet. If it is possible to open nationwide this will get slammed and get closed down quickly.