Open an Emergency Savings account and sign up for eStatements. Make at least 1 auto transfer to your account (Set up by a Purdue Federal staff member) per month for 3 months. Have a $1000+ balance at the end of the month each month for 3 months to earn $100. Bonus will be paid no later than the fifth day of the month immediately following the qualifying month. Bonus is a considered interest and will be reported on IRS Form 1099-INT. Social Security Number required for account holder to receive bonus. Member must maintain a checking account on the same membership as the Emergency Savings Account. If the related checking account is closed for two consecutive months the Emergency Savings Account will convert to a special savings account. Limited to one Emergency Savings Account per membership
While we aim to provide accurate information, it may not always be up-to-date, as Purdue Federal Credit Union can change the terms of the Savings bonus, or remove it entirely.