bcu Bonus Saver
No conditions on the rateIntroductory rate
Give your savings a lift and earn bonus interest for the first four months.
- Base rate up to
- 0.05%
- Introductory rate
- 5.60% for 4 months
- Maximum balance
- $5,000,000
Rate a year, up to
Rates by balance
| Balance | Base rate |
|---|---|
| Any balance | 0.05% |
Who can open it
- Age to open
- 12 and over
- Maximum balance
- $5,000,000
Who it's for
- You must be or become a BCU Bank member.
Limits and conditions
- Members may hold a maximum of one Bonus Saver account as a single account and one as a joint account. You may open a Bonus Saver account 12 months from the date of closing any previously owned Bonus Saver account as a single or joint account.
How it compares
Against the other savings accounts we compare. Typical means the middle half of them.
Most it pays
0.05%
At its best balance, with any bonus. Typical is 3.65%.
Base rate
0.05%
What it pays without a bonus. Typical is 2.40%.
Pros and cons
Pros
- No conditions. You earn the same rate every month, with no deposits to make or withdrawals to avoid.
Cons
- A lower rate. Up to 0.05%, below the typical 3.65%, so your savings grow more slowly than in many other accounts.
- A low base rate. Only 0.05% in any month you miss the bonus conditions.
- An intro rate. Part of the rate lasts 4 months, then drops, so check again when it ends.
- A balance cap. Interest is paid on up to $5,000,000, so it suits smaller balances.
Similar savings accounts
Savings accounts from other banks that pay a similar rate at their best.
- Most it pays
- 0.05%
- Bonus conditions
- None
- Most it pays
- 0.00%
- Bonus conditions
- None
- Most it pays
- 0.50%
- Bonus conditions
- None
