Take advantage of our updates on Summit Federal Credit Union bonuses, promotions, and offers here!
Update 3/5/25: There’s currently a $150 savings bonus available through 3/31/25.
Summit Federal Credit Union Bonuses Review
Summit Federal Credit Union was established in 1941 and strives to make their community better and having good relations with their clients. Plus, there are some decent perks that comes with opening an account you’ll be able to benefit from.
| Eligibility: Membership in The Summit Federal Credit Union is open to those who live, work, worship, volunteer or attend school in the City of Buffalo, City of Geneva, City of Rochester, City of Syracuse, City of Tonawanda, Town of Amherst, Town of Henrietta, Town of Tonawanda, or Cortland County. Employees, retirees, or volunteers of a member company are also eligible to join, as are the relatives of existing Credit Union members. See current membership details |
I’ll go over all Summit Federal Credit Union bonuses & offers below.
Summit Federal Credit Union $150 Savings Bonus
- What you’ll get: $150 Bonus
- Eligible account: Savings
- Where it’s available: NY (Bank/ATM Locator)
- Credit Inquiry: Unknown
- Direct Deposit Required: No
- Monthly Fee: See below
- How to earn it:
- Earn a $25 bonus when you open a new Summit Visa® Debit Card & RoundUp Savings account.
- Earn a $50 bonus when you make 20 point of sale purchases with your Summit Visa® Debit Card.
- Earn a $75 bonus when you reach your RoundUp Savings milestones.
(Expires 03/31/2025)
| CIT Bank Platinum Savings ($225/$300 Bonus + 4.10% APY). | Discover® Online Savings (Up to $200 Bonus + 3.70% APY) |
| SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.30% APY) |
| Live Oak Bank Savings ($300 Bonus + 4.20% APY) | |
Fine Print
- FEDERALLY INSURED BY NCUA.
- Membership eligibility required. Offer limited to members that have not had a debit card or RoundUp Savings account in the past 120 days or has been paid a checking/debit promotional bonus in the past 36 months.
- Limited to 1 cardholder per account (primary cardholder) for up to $75 with a new debit card and RoundUp Savings.
- You must complete the following to receive the maximum bonus of $75 with a new debit card and RoundUp Savings.
- To receive the one-time $25 debit card and RoundUp Savings opening bonus you must order a new debit card and open a RoundUp Savings account between 2/1/25 and 3/31/25.
- To receive the $50 bonus, you must complete 20 point-of-sale transactions post to your account by 5/31/25 and the card and account must remain open through 9/30/25.
- Please allow 4-6 weeks after meeting qualifications to receive your gift.
- Earn up to two special one-time bonuses totaling $75 that The Summit will deposit into your RoundUp Savings when your RoundUp Savings account reaches a balance of $250 ($25 bonus) and $500 ($50 bonus).
- The APY is 0.200% as of 2/1/25, and is subject to change at any time.
- Please refer to the RoundUp Savings account Terms and Conditions at summitfcu.org/roundup-terms.
- Cash bonus will be reported, and you will receive IRS Form 1099-INT.
- Any applicable taxes are the responsibility of the member.
- Offer subject to change at any time at our sole discretion without notice.
- The Account Maintenance Fee is waived if you meet certain conditions.
- See branch for details.
Summit Federal Credit Union $125 or $200 Checking Bonus (Expired)
Summit Federal Credit Union has a $125 or $200 bonus offer when you open a qualifying checking account.
- What you’ll get: $125 or $200 Bonus
- Eligible account: Checking
- Where it’s available: NY (Bank/ATM Locator)
- Credit Inquiry: Unknown
- Direct Deposit Required: No
- Monthly Fee: See below
- How to earn it:
- Earn $125 when you get a new Debit Card with an Enhanced Checking, Digital Edge Spend, or Digital Freedom Spend account
- Earn $200 when you get a new Debit Card with a Premium Checking account.
- How it works:
- Order your Debit Card by September 30th
- Use your card to make 20 purchases
- Plus get $5 more when you sign up for e-statements
(Expires 03/31/2023)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | |
Fine Print
- FEDERALLY INSURED BY NCUA.
- Membership eligibility required.
- Offer limited to members that have not had a debit card in the past 12 months.
- Limited to 1 cardholder per account (primary cardholder) for up to $125 maximum with Enhanced Checking, Digital Edge or Digital Freedom Spend Accounts.
- To receive the $125 with Enhanced Checking, Digital Edge or Digital Freedom Spend Accounts, you must order a new debit card between 2/1/23 and 3/31/23, have 20 point-of-sale transactions post to your account by 11/30/22, enroll for e-statements prior to the 20 point-of-sale transactions post to your account and sign up for direct deposit.
- Please allow 4-6 weeks after meeting qualifications to receive your gift.
- Cash bonus will be reported, and you will receive IRS Form 1099-INT.
- Any applicable taxes are the responsibility of the member.
- Offer subject to change at any time at our sole discretion without notice.
- The Account Maintenance Fee is waived if you meet certain conditions.
- See branch for details.
How to Waive Monthly Fees
- Digital Edge: No monthly fees
- Digital Freedom: Waived with 10 Debit Card Transactions per month
- Enhanced Checking: Waived with Direct Deposit
- Premium Checking: Waived with Direct Deposit
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Conclusion
Overall, Summit Federal Credit Union has a decent bonus to offer new clients. Just meet all of their criteria listed above to earn the checking bonus. However, if this doesn’t seem appealing, then check out our bank bonuses to find a better bonus offer.
Summit Federal Credit Union has decent Money Market rates, but you should still check our best rates Savings, Money Market, and CD accounts.
If you’re not local to the state of New York, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
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