Royal Credit Union Bonus, Earn up to $1,000 with $100K Deposit

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.

Offer

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:

Dividend Rate	APY*
$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%

Offer Terms

$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

Eligibility

Offer is available in MN, WI.
Existing Money Market accounts do not qualify.

Fees

No monthly fees and no early termination fees.

Guru’s Wrap-up

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.

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.