Step 3: Receive your $1,000 Bonus2
The $1,000 bonus will be deposited into your High Yield Savings Plus account at the end of the business day on the day you open the HYS+.
The dividend rates and annual percentage yields are accurate as of the last dividend declaration date. If you require current rate information please contact us. Dividends are paid on the last day of the month to accountholders who have maintained the Minimum Balance to Earn Dividends as provided by Program type and compounded monthly.
1 APY= Annual Percentage Yield. Fees could reduce earnings on the account. Rates are subject to change without notice. The rate may change after the account is opened.
2 This is a limited time offer available only from 1.17.23 to 3.15.23 and cannot be combined with any other offers. The $1,000 bonus (Bonus) will be deposited into your CU1 High Yield Savings Plus (HYS+) account at the end of the business day on the day you open the HYS+ account by making a minimum $100,000 deposit balance of new money from a competitor financial institution to earn dividends. The $1,000 bonus will start earning interest immediately but not be eligible for withdrawal until the account has a balance of $100,000 or greater for twelve (12) consecutive calendar months from the date of opening of the HYS+ account. Bonus is considered interest and will be reported on 1099-INT. Offer may be cancelled at any time without notice. Account Closure: If the HYS+ account is closed by the member or Credit Union1 or balance drops below $100,000 within 12 months after opening, Credit Union1 will deduct the Bonus from the HYS+ account at closing.
3 $100,000 minimum deposit balance required to open and earn dividends. All deposits must be New Money from financial institutions other than Credit Union 1 and deposited into the High Yield Savings Plus Account. “New Money” is defined as money not on deposit with Credit Union 1 within the last 12 months and transferred in from a different financial institution (no Credit Union 1 to Credit Union 1 balance transfers allowed at any time. Any funds transferred in this manner will be redeposited into the original account and earn at the current rate applicable to the original account). Money removed from Credit Union 1, then redeposited within a 12-month period from the withdrawal, will not be eligible for deposit into the High Yield Savings Plus Account.