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- Blue Federal Credit Union
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Blue Federal Credit Union offers some impressive rates on their Checking and Savings accounts. Unfortunately, the highest rates available are a bit of a gimmick, so don’t get too excited. On the plus side, accounts are available for nationwide application.
Established in 1951 and headquartered in Cheyenne, Wyoming, Blue Federal CU has nearly 15 locations in Colorado and Wyoming.
Membership in Blue Federal Credit Union is open to anyone through joining the Blue Foundation ($5 opening deposit is your donation). Membership is also open to employees and base contractors at F. E. Warren Air Force Base, or through select employee groups. See current membership info.
Be sure to compare the best nationwide rates using these guides: Savings Rates | CD Rates.
I’ll review the offers below and you can decide if it’s worth taking a look.
Blue Federal CU’s Accelerated Savings Account Earns 4.99% APY!?
The rate with the Accelerated Savings account blows away rates provided by all the top banks, which would make it a no-brainer, correct? Well, that rate applies to balances up to only $1,000. That’s no typo. Balances of $1,000.01 or more will only earn 0.10% APY.
So, I obviously only recommend going for this account if for some reason you’re only going to invest less than $1,000. Otherwise, pick one of the many other top Savings accounts without such a ridiculously low maximum balance restriction on the highest rate. The list further down below will have much better options.
- Minimum daily balance of $25.00 required to earn dividends
- Low $5 transfer per month to earn dividends
- Maximum balance $1,000
- Dividends calculated daily and paid monthly
- Rates are subject to change
- Low $5 deposit to open your account
- Make deposits to your account at any time
*Blue Federal’s Sky High Savings account gives a decent rate with no minimum or maximum balance requirements. It’s at 1.55% APY as of this update.
Always check for the best rates on this Savings Rates page. The pages below are reviews of the top accounts. *You may also want to look at the best current Savings Account bonus offers.
- MySavingsDirect Hield Yield Savings And CD Account Promotions
- BBVA Compass Bank Promotions: $150 To $250 Checking/Savings Bonuses
- CIT Bank Promotions: Online Savings Builder Account Offers 2.15% APY
- Chase Coupon Promo Codes: $200, $300, $350, $500 – November 2018
- Simple Bank Review: Unlimited $20 Bonuses & Top Savings Rate Offer
- Online HSBC Direct Savings Rate Offer: 2.01% APY (Available Nationwide)
- Citizens Access Online Savings And CD Accounts Offers, Promotions
- PurePoint Financial Online Savings & CD Accounts Promotions, Bonuses
- CIBC U.S. Bank Offer: $200 Checking Bonus [IL, MI, MO, WI Residents]
How About The Extreme Checking Account That Earns 4.00% APY?
Interested in going full gimmick mode? Well, Blue Federal CU’s Extreme Checking has just what you’re looking for!
You’ll definitely be able to the 4.00% APY, with these big caveats:
- The highest 4.00% APY rate only applies to balances up to $15,000
- You must qualify as a “Sapphire” member to earn this rate. How do you earn Sapphire status? Well, you’ll need to earn 9+ points with their Rewards For Life program. How do you earn the 9+ points?
| Length of Relationship | |||
| Years of Membership | 0-5 years | 5-15 years | 15+ years |
| Points Available | 1 point | 2 points | 3 points |
| Product Points | Points Available |
| Any Checking | 1 |
| Any Investments at Blue Account | 1 |
| Any Money Market | 1 |
| Any Term Share | 1 |
| Any IRA | 1 |
| Any 1st Mortgage/Bridge Loan | 1 |
| Any 2nd Mortgage/HELOC/Finish | 1 |
| Any Auto/RV/Other Secured | 1 |
| Any Unsecured Loan/Line of Credit | 1 |
| Any Credit Card | 1 |
So, there you have it. You can earn the 4.00% APY rate with the Extreme Checking account by simply being a member for 15 years, opening a Money Market Account, opening a CD account, opening an IRA account, opening a Mortgage account, opening a credit card account, and then opening an Extreme Checking account. Do all of that, and you’ll earn 4.00% APY on balances up to $15,000!
See all the best Bank Promotions here, including great offers from Chase Bank, TD Bank, HSBC Bank and CIT Bank.
- BBVA Compass Bank Promotions: $150 To $250 Checking/Savings Bonuses
- TD Bank Promotions: $300 & $150 Checking Account Bonuses
- HSBC Bank $350 & $750 Checking Account Bonuses
- Chase Student Checking Promotions: $100 Chase College Checking℠ Bonus
- CIT Bank Promotions: Online Savings Builder Account Offers 2.15% APY
- Chase Coupon Promo Codes: $200, $300, $350, $500 – November 2018
- HSBC Bank Advance Checking Account $350 Bonus Offer
- HSBC Bank Premier Checking Account $750 Bonus Offer
- Simple Bank Review: Unlimited $20 Bonuses & Top Savings Rate Offer
- Chase Premier Plus Checking℠ Bonus: $300 Coupon Offer
- Chase Total Checking Account Bonus: $200 Coupon Available Online
- Chase Bank Business Checking Promotion: $200 Sign-Up Cash Bonus
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.