Offer Details
Written by: RJ
Requirements
- Open a new Premier checking account
- Deposit or invest the following amounts within 20 days of opening
- Maintain balance for 3 consecutive months
- $100k = $1,500
- $250k = $2,500
- Bonus posts within 8 weeks of completion
Eligibility
- Nationwide
- New customers only
Fees
- Premier checking – $50 monthly fee is waived with one of the below:
- $75k relationship balance
- $5k direct deposit per month
Account Closure
- Keep account open 180 days
Chex
- No
Valid through: 11/22/24
First reported by DoC
Thoughts
These use to be more reasonable. Interest rate is the standard 0.01%, the offer does say the money can be invested… then it wouldn’t be in the checking account so not sure how. Possibly some kind of tie in Premier product.
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Editorial Note:
Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
Abysmal. My calculator shows about 5.22% effective APY. Money is tied up for 6 months and have to DD $5K per month to avoid $50 / mo fee. I can get 5.29% APY in Vanguard settlement account right now, with no work at all. Lordy. What are they thinking?
https://cashbackcow.io/calculators/effective-apy-calculator/?invest=100000&sub=1500&daysreq=90&daysbuf=15&fees=0&interest=0.01