New promos with rate guarantees. Elements Financial Credit Union has a new rate of 4.25% APY on their
There is also a promo rate of 5.00% APY on their
Note that their definition of qualifying transactions is also less strict than others. The following are qualifying transactions: Debit card purchases, checks, bill payments, ATM withdrawals and ACH withdrawals.
Open an Elements checking or savings account or apply for a loan or credit card. During the application process, we will open you an Elements savings account (that’s the part that makes your membership official). We’ll even put $5 in to get you started — no need to transfer funds from an existing account!
I’m not sure how I feel about this one. 5.00% APY on $20k is a nice number ($1,000 a year in interest), but I don’t like having to remember the hoops for an entire year. They don’t seem to treat their existing customers nearly as well as new ones. Some of you may have signed up back in September 2022 when they offered a guaranteed 3.25% APY for a year on their Helium Savings. Right now, that account would only pay 1.00% APY once the promo ends.
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