Royal Credit Union Bonus, Earn up to $1,000 with $100K Deposit (MN, WI)
Royal Credit Union is offering a bonus for new Money Market accounts. You can get up to $1,000 if you are in MN or WI. But you also need $100K to take advantage of this Royal Credit Union bonus.
The $1,000 bonus comes in two parts:
- Bring $100,000 or more to open a new Money Market account between October 1 and December 1, 2019 and get a $500 reward.
- Keep the balance at or above $100,000 for 12 months and get another $500 reward.
This account earns the following rates:
|$9,999.99 or less**||0.45%||0.45%|
|$10,000 – $24,999.99||0.95%||0.95%|
|$25,000 – $99,999.99||1.25%||1.26%|
|$100,000 or More||1.35%||1.36%|
- $10,000 minimum initial deposit
- NO minimum balance
- NO monthly maintenance fee
- Make minimum withdrawals of $250 or more
- Make minimum deposits of $100 or more
- Six unsigned transfers per month with online banking, business online banking, CompuTeller, Member Service, check, or preauthorized payment to a third party
- Offer is available in MN, WI.
- Existing Money Market accounts do not qualify.
No monthly fees and no early termination fees.
A good bonus especially for the first $500, but it does need a $100K deposit which is not something that everyone can manage. But it looks like you just need to deposit the $100K and not keep it in there. The balance also earn 1.36% APY. That’s not very competitive, but it makes the bonus better. The second half of the bonus requires you to keep the $100K in the account for a whole year, so it’s probably not worth it to most people. There’s also the possibility funding this account with a credit card, up to $10K, which is also the minimum initial deposit.
- Offer Page
- Bonus: $1,000
- Account Type: Money Market
- Availability: MN, WI
- Expiration Date: 12/1/2019
- Inquiry Type: Soft pull
- Credit Card Funding: Pp to $10K
- Direct Deposit Requirement: No
- Other Requirements: See above
- Monthly Fee: No
- Closing Account Fee: No