Posted by William Charles on March 23, 2017
Rewards Checking

Published on March 23rd, 2017 | by William Charles

7

[TX only] Neighborhood Credit Union 2.5% APY On Balances Up To $50,000



Offer at a glance

  • Interest Rate: 2.5% APY when requirements are met
  • Minimum Balance: None
  • Maximum Balance: $50,000 for 2.5% APY rate
  • Availability: Must live, work or worship in one of the following counties: Collin, Delta, Denton, Hunt, Johnson, Kaufman, Parker Rockwall, Tarrant or Wise. All are in Texas.
  • Direct deposit required: Yes
  • Additional requirements: 15 debit transactions of $5+
  • Hard/soft pull: Hard
  • ChexSystems: Unknown
  • Credit card funding: Unknown 
  • Monthly fees: None
  • Insured: NCUA

The Offer



Direct link to offer

  • Neighborhood Credit Union is offering a 2.50% APY rate on balances up to $50,000 when you meet the following requirements each qualification cycle:
    • Complete 15 debit or credit card transactions of $5 or more
    • Receive one automatic payment or direct deposit (must post & settle)
    • Receive eStatements

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Avoiding Fees

This account has no monthly fees to worry about



Our Verdict

The high maximum balance is nice, but the fact you need 15 debit transactions per month and they need to be over $5 each makes this account much less appealing. I think most people will probably find better options for high interest accounts here, but if somebody does decide to sign up please let us know if it’s a hard/soft pull and if you can fund with a credit card.



7 Responses to [TX only] Neighborhood Credit Union 2.5% APY On Balances Up To $50,000

  1. Anonymous says:

    Have an account and they do hard pull. EQ I believe

  2. Ag12 says:

    I opened the account about a year ago.
    They do hardpull and it was TU

  3. Ken says:

    Post says five debits are required. Bank says it’s fifteen. Please update.

  4. NPDV says:

    Yes its 15 debit/credit transactions. And It is not available for everybody in Tx. The requirements are such that either you need to live in the city or 15 mile radius of any of the branches.

    Please update. I know this CU as have an account with them. It’s an Hard pull as well.

  5. Ken says:

    TU isn’t so bad since only Barclays seems to ever pull them. We’re moving to Ft Worth in a few months so we’d be able to do this. Would just have to figure out what to do the $5 debits on.

    • NPDV says:

      Use it as debit card transaction at walmart/kroger and return the items. They’ll give you cash back. That is what I do every month.

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