Frankenmuth Credit Union Promotions: $100 Youth Savings Bonus (MI)

Here you will find the latest Frankenmuth Credit Union promotions, bonuses, and offers here.

They are currently offering a $100 Youth Savings Bonus when you open a qualifying account and meet the requirements.

Frankenmuth Credit Union Promotions Review

Headquartered in Frankenmuth, Frankenmuth Credit Union is the 20th largest credit union in the state of Michigan and the 380th largest credit union in the nation. Established in 1964 and as of June of 2022, it had grown to 345 employees and 63,662 members at 28 locations. Frankenmuth Credit Union has an A health rating.

I’ll go over the Frankenmuth Credit Union offers below.

Frankenmuth Credit Union $100 Youth Savings Bonus

• What you’ll get: $100 bonus
• Availability: MI (Bank Locator)
• Direct Deposit Requirement: No
• Credit Inquiry: Soft Pull or Hard Pull?
• Monthly Fees: None
• Early Termination Fee: Unknown
• How to earn it:
  • Select a Bonus Pay Amount you will promise to deposit every month
    • Amounts can range from $5 to $100 and must be in $5 increments.
  • Deposit the Bonus Pay Amount each month into your My Promise to Save Account.
  • After 12 months of making the minimum monthly Bonus Pay Amount deposits and leaving the funds in the account, FCU will make a bonus payment up to $100.

(No Expiration Date Listed)

Fine Print 

• Members can choose to deposit extra funds at any time.
• In order to qualify for the Bonus Payment, the balance remaining on deposit must not drop below the Bonus Payment Amount times the number of months the account has been opened, rounded to the next highest whole number (the “Minimum Secured Balance”).
• If the conditions are met, FCU will pay the account owner a one-time Bonus Payment in the amount selected by the owner within 30 days of the first anniversary date of account-opening.
• Only one My Promise to Save account may be opened in any 12-month period and only one account per main owners’ social security number.
• This is a variable rate and the dividend rate and Annual Percentage Yield may change every quarter.
• Speak with an FCU Rep for full disclosure information.

How to Avoid Monthly Fees

• Cash Back KASASA Checking Account: No monthly service fees
• Cash KASASA Checking Account: No monthly service fees
• Tunes KASASA Checking Account: No monthly service fees

Author’s Verdict

This is a rather generous bonus so I would be sure to check it out if you have a Frankenmuth Credit Union location near you. However, I would only recommend opening an account if it triggers a soft pull, so check with a CSR to find this out.

For more current offers, check out our bank bonuses page. Compare Frankenmuth Credit Union rates for CDs and Savings with our best rates for Savings and CD accounts.

Additionally, you may want to compare this offer to bigger banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.