Source wording for the promotion. View official source Recorded Invalid Date.
Your membership application must be started between 1.1.26 and 12.31.26 to be eligible to participate in this bonus offer.
Therefore, if all conditions are satisfied, the $300 bonus can be deposited into your Regular savings share within 145 days of the membership establishment date.
You will not be eligible for the $300 New Member Bonus if you are a current PSECU member or have closed an account within the past 12 months.
You are not eligible to receive this bonus if you ever received any new member incentive bonus from PSECU for opening a new account, regardless of when the prior bonus was awarded.
A minimum share deposit of $5 is required to open and maintain a Regular savings share account.
The $5 share deposit is also a mandatory condition for eligibility to receive the $300 New Member Bonus.
The member must be in good standing as defined by PSECU's Bylaws Article II, Section 1 from the date membership is established through the date PSECU will deposit the bonus payment.
A $5 minimum share purchase will be made on behalf of the new member by PSECU.
The Annual Percentage Yield on PSECU's Regular savings share account is 0.25%.
This variable rate is current as of 12.1.2025 and may change.
$300 New Member Bonus (must be completed within 100 calendar days of establishing membership) To qualify for the $300 New Member Bonus, all required actions must be completed within 100 calendar days of the date membership is established.
This includes: using promotional code 2026PROMO at the time of application, being approved for and opening at least one savings and one checking account, and setting up and receiving two (2) Qualifying Payroll Direct Deposits of $500 or more each into either the new savings or checking account.
Qualifying Payroll Direct Deposits are defined as recurring electronic deposits from an employer, Social Security payments, and pension payments.
The following do not qualify and will not be counted toward bonus eligibility: person-to-person transfers (P2P), transfers between demand deposit accounts (for example, from a checking account to another checking account), and deposits or ACH transfers not originating directly from an employer or the government (for example, online transfers or bank transfers).