Update 4/18/26: There is now a $50 referral bonus, don’t share your referrals in the comments below. They can be shared in this linked post.
Update 4/15/25: Rate is 7% and available to some in FL. Hat tip to reader Eric
Offer at a glance
- Interest Rate: 5% APY
- Minimum Balance: None
- Maximum Balance: $10,000
- Availability: MI only [Branch locator]
- Direct deposit required: Yes, $900+
- Additional requirements: eStatements and 25 debit card transactions
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Insured: NCUA
The Offer
Direct link to offer
- Dort Federal Credit Union is offering 5% APY on balances up to $10,000 when you meet the following requirements:
- Receive a direct deposit of at least $900 per month
- Enroll in eStatements
- Have 25 posted debit card transactions to your account each month
Avoiding Fees
This account has no monthly fees to worry about
Our Verdict
The 7% APY rate is attractive, but that’s a lot of requirements especially when the maximum limit is only $10,000. Personally I think there are much better high yield savings accounts out there so I wouldn’t recommend this one.
