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Connexus Credit Union Offers 5% APY Checking Account with $300 Bonus Amid Expected Fed Rate Cuts
Connexus Credit Union Offers 5% APY Checking Account with $300 Bonus Amid Expected Fed Rate Cuts
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BTCCSquare news:
Connexus Credit Union's Xtraordinary Checking account now combines a 5.00% APY on balances up to $25,000 with a $300 cash bonus—a rare dual offering in the high-yield checking space. The account requires either 15 monthly debit transactions or $500 in debit spending, along with $500 in electronic deposits to qualify.
The timing is strategic. With the Federal Reserve widely expected to cut interest rates this week, Connexus’s 5% yield—and its nation-leading 4.60% APY on seven-month CDs—stands out as a hedge against declining yields elsewhere. While the article focuses on traditional finance, cryptocurrency investors eyeing stablecoin yields or decentralized finance (DeFi) alternatives may find comparative value in these rates.
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