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re: high yield checking account

Posted on 11/30/19 at 10:29 am to
Posted by baldona
Florida
Member since Feb 2016
20516 posts
Posted on 11/30/19 at 10:29 am to
quote:

Pelican State FCU has a high yield checking acct that pays 5.01% APY for deposits up to $7,500, and .81% above $7,500


This seems fishy to me, are they trying to raise money or something? 5% is above prime.
Posted by #1TigerFan
Member since Apr 2005
1665 posts
Posted on 12/2/19 at 3:41 pm to
I've been getting paid a high rate for several years. They do have several requirements that must be met each month to get the high rate. So many debt card purchases, an auto bill pay and/or direct deposit, use online app at least once a month,....

I have had this account for awhile now and the only time I didn't get the higher rate was when I failed to log into my online account once a month
This post was edited on 12/2/19 at 3:43 pm
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