SkyOne FCU Savings / Checking $400 Bonus w/ Direct Deposit

SkyOne Federal Credit Union has a $100 savings + $300 checking account promotion with qualifying direct deposits. New members only. There is also a separate $300 credit card bonus. Based in Hawthorne, California, membership is open nationwide through membership in a partner organization… and they’ll pay for your membership when you join:

We’re intensely dedicated to serving our members and their communities — and no, that’s not just a line. We’re serious about that passion. That’s why we partner with organizations and non-profits that reflect the values that our members care about.

Choose any one of the organizations we’re partnered with when opening an account with us and we’ll pay your membership dues for that organization.*

They even mention a simple $25 bonus with promo code JOIN, but I think you can only use one promo code. Hat tip to reader Mary and DoC. Offer expires 12/31/22.

$100 Savings Bonus highlights:

• Must use promo code GIFT
• Must maintain a $1,000 balance for 3 months.
• Max APY is 0.05% APY.

$300 Checking Bonus highlights:

• Must use promo code GIFT
• Must establish direct deposit within 30 days of account opening, and receive a total of $1,000+ in qualifying direct deposits per statement cycle for six consecutive cycles into your new checking account during the qualification period.
• Max APY is 0.05% APY.
• Minimum balance of $2,500 or have monthly aggregate deposits of $1,000 or more to avoid $5 monthly fee.

Full fine print:

1 Get $100: Open an account online from December 9, 2022, to December 31, 2022, use promo code GIFT and deposit the minimum opening balance amount of $5 into a Primary Savings Account, and maintain a $1000 balance for 3 months. This offer is intended for new members only. You are not eligible for this offer if you are a current owner of a SkyOne savings account or if you have closed an account within the last 12 months. Savings Rate is 0.05% APY. APY=Annual Percentage Yield. Rates are effective as of the last dividend declaration date. The rate is variable and may change after the account is opened. A $500 balance is required to earn dividends. Dividends are posted and compounded monthly. Fees may reduce earnings. Please refer to the Fee Schedule and All in One Disclosure for complete details. All account terms and conditions apply.

2 Get $300: Open a new SkyOne Advantage checking account online from December 9, 2022, to December 31, 2022, using promo code GIFT. within 30 days of account opening establish direct deposit and receive a total of $1,000 or more in qualifying direct deposits per statement cycle for six consecutive cycles into your new checking account during the qualification period. A qualifying direct deposit is a direct deposit of your salary, pension, Social Security, or other regular monthly income, electronically deposited through the Automated Clearing House (ACH) network to this checking account. Transfers from one account to another, mobile deposits, or deposits made at a banking location or ATM do not qualify. Advantage Checking earns dividends of .05% APY if the balance requirement is met. APY=Annual Percentage Yield. Rates are effective as of the last dividend and declaration date. The rate is variable and may change after the account is opened. A $2,500 balance is required to earn dividends. Dividends are posted and compounded monthly. Fees may reduce earnings. Please refer to the Fee Schedule and All in One Disclosure for complete details. All account terms and conditions apply. This offer is intended for new checking accounts only. Offer is not available to existing SkyOne checking account holders or those whose accounts have been closed within the last 12 months.

Thinking about this one. I like to open accounts at credit unions that show a commitment to providing competitive products in multiple areas. In addition to the checking and savings promo, SkyOne is also offering a 22-month CD at 5% APY as well as a 15-month CD at 4.50% APY with some flexible withdrawal and add-on features. Too bad their 5-year certificate rates are not nearly as competitive.