The Union Plus Prepaid Card offers a $20 bonus when you set up a direct deposit, plus you’ll earn a 5.10% APY on up to $5,000 in deposits with the Union Plus Savings Account.
The Union Plus Prepaid Card is marketed to union members, but anybody can qualify when you join Working America, which has free membership that is open to anyone, and then select Working America on the Union Plus Prepaid Card sign-up page as your union.
Union Plus does not actually require that you submit proof of your union membership, but you might as well join Working America for free, just so that you are a legitimate member of a qualifying union.
The Union Plus Prepaid Card is associated with the same company that provides the Mango Prepaid Card, which has a slightly higher 6% APY for the savings account.
Check out the Union Plus Prepaid Card to open your account online today.
Union Plus Prepaid Card $20 Bonus
You’ll get a $20 bonus when you set up a direct deposit with your paycheck or benefits check.
You qualify as enrolling in the direct deposit service when you complete 2 direct deposits totaling $50 within 90 days of opening your account.
Your account will be credited with the $20 bonus within 30 days of full direct deposit enrollment.
Customers who are enrolled in the direct deposit service are also eligible to open a Savings account with up to a 5.10% APY.
Union Plus Savings Account 5.10% APY
You must be enrolled in the direct deposit service to earn up to a 5.10% APY with the Union Plus Savings Account, or you will earn a 2% APY if you do not set up a direct deposit.
The 5.10% APY applies only to the portion of your savings account balance that is $5,000 or less, and an APY of 0.10% will be paid on the portion of your savings account balance that exceeds $5,000.
You can open the savings account with as little as $1.
You can complete up to 6 transfers out each month.
There is no cost to open a savings account and no fees to maintain it.
The savings account is FDIC Insured.
Union Plus Prepaid Card Fees
There is a $2 monthly subscription fee for your Union Plus Prepaid Card.
However, the $2 fee is waived if you load at least $500 in the prior 30-day cycle, excluding card-to-card transactions.
There is a $0.50 fee for checking your balance at an ATM.
There is a $1.50 fee for ATM withdrawals.
A special thank you goes out to The Finance Buff for posting about this high-yield savings account offer.
Consider getting both the Union Plus Prepaid Card and the Mango Prepaid card to earn a high APY on up to $10,000 in savings account deposits.