If you’re looking for a new savings account available nationwide, Quorum Federal Credit Union High-Yield Savings is offering you 3.75% APY on your funds.
Update 3/6/25: The rate has decreased to 3.75% APY from 4.00%.
Quorum Federal Credit Union High-Yield Savings
Here is your opportunity to earn a competitive rate. Open a new account and start earning interest and get started today!
- Rate Offer: 3.75% APY Rate
- Availability: Nationwide
- Credit Inquiry: Soft Pull or Hard Pull?
- Credit Funding: Unknown
- Monthly Fee: Maintain eStatements for no monthly fees!
- Early Termination Fee: None listed
(FDIC Insured)
Account Rates
| Balance | APY |
| $10,000+ | 3.75% APY |
Quorum Federal Credit Union Account Benefits
- No minimum balance requirements
- No withdrawal penalties, so you have complete control over your money.
- Plus, as long as you maintain eStatements, there are no monthly fees!
- As usual, your funds are federally insured to at least $250,000 by the NCUA.
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Author’s Verdict
We’ve all heard of Quorum Federal Credit Union so you know this is a reputable bank. Let us know if you have any info regarding if this account incurs a hard or soft pull. If you’re unfamiliar with what hard pull and soft pulls are and how it can affect you, see our hard pull vs soft pull post here.
In addition to the current rate from Quorum Federal Credit Union, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
If you happen to know whether this account incurs a hard/soft pull, please let us know. Let us know about your thoughts and experience with this account! Be sure to check back on BankDealGuy for more bank rates!
Quorum pulls a soft pull, per: https://www.quorumfcu.org/silvercloud-results/?answerid=62e158dc387f231919a948d6&q=hard%20pull
Here is their verbiage:
A hard pull or soft pull can occur when you open a new checking or savings accounts from a financial institution. A hard pull (which typically happens when a lender checks your credit report to make a lending decision; for instance, when applying for a mortgage) can (temporarily) slightly lower your credit score, and will typically stay on your credit report for two years. A soft pull, on the other hand, is an inquiry performed by a financial institution on your credit report, but does not affect your credit score in any way.
When Quorum reviews a checking or savings account application, we may perform a soft pull on an applicant’s credit report through one of the three major credit reporting agencies (TransUnion, Experian, Equifax) for verification purposes, and also run the name through ChexSystems to see if there is a report in their system. Neither of these actions will impact an applicant’s credit score in any way.