![[IL only] Credit Union 1 $1,000 Savings Bonus + 3% APY](https://smartspendcentral.com/wp-content/uploads/2026/01/IL-only-Credit-Union-1-1000-Savings-Bonus-3.png "[IL only] Credit Union 1 $1,000 Savings Bonus + 3% APY")
Update 1/24/26: Bonus is back, this time 12 month hold and account earns 3% APY.
Offer at a glance
- Maximum bonus amount: $1,000
- Availability: IL
- Deposit required: $100,000
- Deposit length: 12 months
- Hard/soft pull:Mixed dp, most are hard
- ChexSystems: Unknown
- Credit card funding: No
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: 3.15.23
The Offer
Direct link to offer
- Credit Union 1 is offering a $1,000 savings bonus when you open a new savings bonus and deposit $100,000+ in new money
The Fine Print
- A one-time $1,000 bonus (Bonus) will be deposited into your CU1 High Yield Savings Plus 2026 Promo account on the calendar day after the qualifying $100,000 deposit is made. The Bonus will be placed on hold and inaccessible for 12 months.
- To receive the Bonus, the $100,000 minimum deposit balance requirement must be maintained for the twelve (12) consecutive calendar months from the date of deposit. The Bonus will be forfeited if the account is closed or the balance drops below $100,000 during this period.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about
Early Account Termination Fee
There is no EATF but account needs to be kept open for 12 months
Our Verdict
You need the $100,000 in there for 12 months otherwise you forfeit the bonus. $1,000 for a $100,000 deposit works out to be an additional 1% APY. This means the account really earns 4.00% (best rates here), this is an OK rate but not worth tying up that amount for 12 months.
Hat tip to reader Bockrr
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