Cyprus Credit Union Offer

Bonus Details

Earn $50 for opening eligible checking, $100 for completing Savings, Spending Smart and Budgeting skills through the teen’s own Home Banking login before age 19, and $50 for an electronic paycheck or government benefits deposit into checking beginning before age 19. Each bonus is paid within 30 days of its qualifying action; the opening bonus also requires e-statement enrollment.

How To Qualify

Open new Learn & Earn Checking and Savings, enroll in Home Banking and e-statements, and have an active debit card. Available to ages 13–18; a parent or guardian must sign for ages 17 and under. The opening bonus excludes members with any Cyprus checking account in the last 12 months. New membership requires a $5 Primary Share Savings deposit; one Learn & Earn bonus per member, not combinable with other new-account offers.

APY Details

5.00% APY applies to average daily balances from $0.01 through $1,000. Balances above $1,000 earn the Regular Share Savings rate. Dividends compound monthly; rates may change.

APY Requirements

Use a Learn & Earn Savings account for a teen aged 13–18. A parent or legal guardian must sign for teens aged 17 or younger.

The Fine Print

Monthly Fees: None
Account Type: Teen Checking Account
Promotion Start Date: 6/14/2024
Expiration Date: 1/1/2027
Availability: Utah

Early Account Closure Fee

$10 fee if closed within 90 days of account opening.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

Only available to teens ages 13–18. Parent or legal guardian must sign on account for teens ages 17 and under. Teens earn 5.00% APY** on balances up to $1,000. Dividends are declared, paid, and compounded monthly. Rates subject to change at any time. Learn & Earn Savings tiered rate on average daily balance of $0.01 to $1,000.00. Balances of $1,000.01 and higher earn dividends at the same rate as Regular Share Savings. Unlock Cash Rewards Account must include Learn & Earn Checking AND Learn & Earn Savings, be enrolled in Home Banking AND E-Statements, and have an active debit card to qualify for any cash bonus. Limit one Learn & Earn bonus per member; cannot be combined with any other new account offer. Bonus offer may be discontinued or changed at any time without notice. 1 Available on new Learn & Earn Checking accounts only. Not available to members who have had any checking account with Cyprus within the last 12 months. $50.00 will be deposited into account within 30 days of account opening and e-statement enrollment. 2 Must be age 13 or older to enroll in Home Banking and the Learn and Earn learning platform. Primary account holder (the teen) must complete the following skills under their own Home Banking login before their 19th birthday to qualify: Teen Learn & Earn: Savings, Teen Learn & Earn: Spending Smart, and Teen Learn & Earn: Budgeting. $100 will be deposited into account within 30 days of completing required skills. 3 Direct deposit must begin prior to 19th birthday to qualify. Direct deposit must be an electronic deposit of paycheck or benefits from an employer or government entity to the Learn & Earn Checking account to qualify. $50.00 will be deposited into account within 30 days of eligible direct deposit.