Update 4/18/26: There is now a $50 referral bonus, do share your referrals in the comments below. They can be divided into this related post.
Update 4/15/25: The rate is 7% and available for some in FL. Hat tip to the reader Eric
Offer at a glance
- Interest rate:5% APY
- Minimum balance:ANY
- Maximum balance:10,000 dollars
- Availability:only MI (Branch finder)
- Direct deposit required:Yes, $900+
- Additional requirements:eStatement and 25 debit card transactions
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card financing:Unknown
- Monthly fees:ANY
- Insured:NCUA
Offers
- Dort Federal Credit Union offers 5% APY on balances up to $10,000 when you meet the following requirements:
- Get a direct deposit of at least $900 per month
- Register in eDeclaration
- You have 25 debit card transactions posted to your account each month
Avoidance of fees
This account has no monthly fees to worry about
Our verdict
The 7% APY rate is attractive, but that’s a lot to ask especially when the maximum limit is only $10,000. Personally I think there are much better ones high yield savings accounts there, so I wouldn’t recommend this.
