Royal Credit Union, Get up to $1,250 Bonus with $100K Deposit
Royal Credit Union is offering a bonus of up to $1,250 for new money market accounts. The bonus comes in two parts, but you need at least $100,000 to participate. Offer is available in two states only, WI and MN. Check out more details below.
Bring $100,000 or more to open a new money market account and get a $500 reward. Keep the balance at or above $100,000 for 12 months and get an additional $750! Balances of $100,000 or more earn 1.60% APY, with no maintenance fee.
Offer valid on new Money Market accounts opened 1/2/23 through 3/31/23 with an initial minimum deposit of $100,000 in new money. Initial deposit cannot be made from funds contained in an existing Royal account or withdrawn, redeposited, or transferred from a Royal account during this promotional
The first $500 Reward will be deposited into the tax reported for account holder’s Money Market Account upon qualification. The final $750 Reward will be deposited into the tax reported for account holder’s Money Market Account if the Money Market account has maintained a balance of at least $100,000 and remained open for 12 consecutive months from account opening date. Royal reserves the right to withhold final $750 Reward if qualifications are not met based on Royal’s sole discretion during the 12-month time period.
Who is Eligible?
- Offer available in WI, MN.
- Existing Money Market accounts do not qualify.
- Limit of one account per Member.
- The Money Market has no fees.
This bonus is not for everyone, as you need to deposit $100,000 into a new Money Market account. The first part is worth doing for those who have that kind of money. You need to deposit $100K, but there’s no requirement to keep it in the account in order to earn $500.
For the other $750, you must keep the money in the account for a year, which gives you only a 1.25% APY on top of the 1.60% this account earns. You’re better off looking at other high-yield accounts.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
- OFFER PAGE
- Max Bonus: $1,250
- Account Type: Money Market
- Availability: WI, MN
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: No
- Other Requirements: $100K deposit
- Credit Card Funding: No
- Monthly Fee: No
- Closing Account Fee: Unknown
- Expiration Date: 3/31/23
HT: Doctor of Credit