KEMBA Financial Credit Union is offering up to $300 and a premium interest rate on their Money Market Account. Here’s everything you need to know about this offer. Available in Ohio only.
Introduction
Saving just got a lot more rewarding! With KEMBA Financial Credit Union, you can earn up to $300 in bonuses while enjoying a 4.25% APY on their Money Market Account—9 times higher than the national average. This offer is perfect for anyone looking to grow their savings while earning extra cash. Let’s break down how you can qualify for the bonus and take advantage of this incredible offer.
Key Takeaways
- Earn up to $300 in bonuses by maintaining a $10,000 minimum balance.
- Enjoy a 4.25% APY on your savings until December 31, 2024.
- Open to both individuals and businesses.
- No hidden fees, with flexible access to your funds.
How to Qualify for the $300 Bonus
Here’s a step-by-step guide to earning the full $300 bonus with KEMBA’s Money Market Account:
- Open a New Money Market Account: Open a new Money Market Account at KEMBA Financial Credit Union and deposit a minimum of $10,000 within the first 30 days. Only new money (funds not already on deposit with KEMBA in the last 12 months) is eligible for this offer.
- Maintain a $10,000 Balance: Keep a minimum balance of $10,000 in the account for 180 days to qualify for the full bonus payout.
- At 90 days, you’ll receive a $100 bonus deposited into your Money Market Account.
- At 180 days, you’ll receive an additional $200 bonus, for a total of $300.
- Achieve KEMBA Advantage Status: You must have KEMBA Advantage Status at the time of both bonus payouts (90 and 180 days). Advantage status offers rate bonuses on deposits and discounts on loans, making it even more beneficial to maintain this status.
Trending Checking Account Deal:
Enjoy a Premium Interest Rate: 4.25% APY
In addition to the bonus, KEMBA is offering an impressive 4.25% APY for Advantage members (and 3.75% APY for non-Advantage members) on Money Market Accounts until December 31, 2024. That’s 9x higher than the national average! To qualify for this premium rate, you’ll need to maintain a balance of at least $5,000. Here’s how it works:
- Tier 1: Balances between $0.01 and $1,000,000 earn 4.25% APY (Advantage members) or 3.75% APY (non-Advantage members).
- Tier 2: Balances over $1,000,000 earn 3.00% APY (Advantage members) or 2.50% APY (non-Advantage members).
This promotional rate is locked in until December 31, 2024, giving you the perfect opportunity to grow your savings before rates revert to the standard Money Market rate.
Trending Savings Account Deal:
Important Terms and Conditions
Before you jump in, make sure you understand the key details:
- Promotion Period: The offer is valid until September 30, 2024.
- Eligibility: Only new money that hasn’t been on deposit with KEMBA in the past 12 months qualifies for this offer.
- Balance Requirements: A minimum of $10,000 must be maintained for 180 days to earn the full $300 bonus.
- KEMBA Advantage Status: Must be held at the 90-day and 180-day marks to receive the bonus payouts.
- NCUA Insurance: Deposits are insured by the NCUA up to $250,000.
- Taxes: Bonuses are considered taxable and will be reported on IRS Form 1099-INT.
Our Take
If you’re looking to save while maximizing your earnings, this KEMBA Financial Credit Union Money Market Account promotion is a fantastic opportunity. The combination of a 4.25% APY and up to $300 in bonuses makes it a no-brainer for anyone with at least $10,000 to deposit. Plus, the flexibility to withdraw or deposit funds at any time, coupled with no hidden fees, adds to the account’s appeal.
Don’t miss out—this offer is available for a limited time, so be sure to open your account before September 30, 2024, and start earning more on your savings today!
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