Offer at a glance
Maximum bonus amount: $300
Availability: OH
Deposit required: $10,000
Deposit length: 180 days
APY: 4.25%
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: None
Household limit: None
Expiration date: None listed
Insured: NCUA
The Offer
Kemba Financial Credit Union is offering a $300 bonus when you open a new money market account and complete the following requirements:
Deposit $10,000
Maintain that balance for at least 180 days
The Fine Print
Bonus requires $10,000 minimum deposit in the first thirty days and balance must be maintained throughout the first 180 days to be eligible for cumulative $300 bonus.
Offer valid on new money only (new money defined as money not on deposit with KEMBA in the past 12 months and/or has been deposited only within the prior 5 business days).
Member must be Advantage status at the 90-day mark and have maintained at least $10,000 in the Money Market account to receive the $100 bonus.
Member must be Advantage status at the 180-day mark and have maintained at least $10,000 in the Money Market account for the $200 bonus.
Bonus will be paid into Money Market Account on day 90 and day 180 for eligible members.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Account has no monthly fees
Early Account Termination Fee
As far as I can see there is no EATF.
Our Verdict
If you put the $30,000 into a 5% APY earning account you’d earn $750. With this bonus you’d earn the $300 bonus and then $637.5 in interest for $937.5 total. Definitely worth considering if you have uninvested cash laying around.
Hat tip to ShawntheShawn
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
Affiliate Links & Bank Bonuses – We Won’t Be Using Them
Complete List Of Ways To Close Bank Accounts At Each Bank
Banks That Allow/Don’t Allow Out Of State Checking Applications
Bank Bonus Posting Times