topic Re: Penfed Premium Online Savings in Personal Finance

Penfed Premium Online Savings

gdale6 — Wed, 15 Aug 2018 00:56:41 GMT

Hi all,

Thinking of opening up one of these accounts. Anyone have one that can share their experience with it. Thanks in advance.

Re: Penfed Premium Online Savings

Revelate — Wed, 15 Aug 2018 08:05:19 GMT

No direct experience, but 1.65%?

Realistically should be CD laddering that or something in 12 month increments at 2.35% over that just looking at the Penfed savings page. I don't know, my general opinion about savings acounts are do something different with the money as 1.65% doesn't even break even with inflation right now.

Re: Penfed Premium Online Savings

CramEiko — Wed, 15 Aug 2018 16:20:56 GMT

I just parked some money in a 12 month CD at 2.35%. I was making .0000000001% sitting in my Chase Savings account. Besides PenFed is now at 2.45% for the same 12 month CD. Locking it in for longer doesn't make sence to me either as all the rates have been moving up lately. So if you can park some savings to the side why not? The big banks aren't even close except Capital One 360 at 2.4% for a 12 month CD.

Re: Penfed Premium Online Savings

Tazman81 — Sun, 19 Aug 2018 02:58:01 GMT

I have their Premium Online Savings account open. A couple of nuances:

You must fund the initial minimum deposit of $5 from an outside institution. You cannot pull from a current PenFed checking or savings account. (yes, baffled me as well, I even spoke with a rep)
Transfer from a PenFed account are credit to the balance immediately to start earning interest, but will not be part of your Available Balance for 6 business days

When you apply online, if you are already a PenFed member, the account opens instantly. Also, if you have the PowerCash Rewards card, then you can push your rewards to this account. It is typically credit the next day and doesn't follow the same 6 business day hold mentioned above.

Re: Penfed Premium Online Savings

Anonymous — Sun, 19 Aug 2018 23:48:31 GMT

@Revelate wrote:
No direct experience, but 1.65%?

Realistically should be CD laddering that or something in 12 month increments at 2.35% over that just looking at the Penfed savings page. I don't know, my general opinion about savings acounts are do something different with the money as 1.65% doesn't even break even with inflation right now.

Some people like the flexibility of the savings account so they can easily grab some money when it's needed.

Realistically, one who wants to put their money away for over a year should be investing it and getting a 3%+ return on it plus dividends.

Re: Penfed Premium Online Savings

Anonymous — Mon, 20 Aug 2018 22:55:18 GMT

@Revelate wrote:
No direct experience, but 1.65%?

I did the math on my 12-month ladder. With the rate increases we've been seeing over the last year, I would've done just as well leaving my money in savings all along. The rate increases could always slow down or reverse, but they could also increase more quickly as well.

Re: Penfed Premium Online Savings

minski — Wed, 22 Aug 2018 18:04:20 GMT

I thought about putting money away into CDs but like you said, GrasshopperStudent, with the rate increases we've been seeing, I am hesitant to do so until they slow down.

Re: Penfed Premium Online Savings

DaveInAZ — Wed, 22 Aug 2018 18:45:21 GMT

@Anonymous wrote:
@Revelate wrote:
No direct experience, but 1.65%?

I did the math on my 12-month ladder. With the rate increases we've been seeing over the last year, I would've done just as well leaving my money in savings all along. The rate increases could always slow down or reverse, but they could also increase more quickly as well.

Yep. I wouldn't touch a CD right now for any duration. Not at all being political here, but the recent tax cut will raise the federal deficit over a trillion dollars this year. And foreign governments hold huge amounts of U.S. Treasury debt. Russia is already dumping their holdings of t-bills over sanctions, China holds a huge amount and may lighten their holdings over the tariffs. With more debt and fewer buyers interest rates could increase quickly.

As for the Penfed premium savings, I have their regular savings that only pays one or two tenths of a percent, but I only keep a hundred bucks or so there to maintain membership for my HELOC. Even my Memory Bank checking account with unlimited transactions pays almost as much as Penfed "premium" savings.

Re: Penfed Premium Online Savings

DaveInAZ — Mon, 28 Jan 2019 23:42:08 GMT

@Tazman81 wrote:
I have their Premium Online Savings account open. A couple of nuances:
You must fund the initial minimum deposit of $5 from an outside institution. You cannot pull from a current PenFed checking or savings account. (yes, baffled me as well, I even spoke with a rep)
Transfer from a PenFed account are credit to the balance immediately to start earning interest, but will not be part of your Available Balance for 6 business days
When you apply online, if you are already a PenFed member, the account opens instantly. Also, if you have the PowerCash Rewards card, then you can push your rewards to this account. It is typically credit the next day and doesn't follow the same 6 business day hold mentioned above.

I missed this little tidbit above ^^^^. I've been a member since May 2017, and remember all too well the royal pain it is for the first 6 months with limits & holds. I had Share, Checking & PCR card on opening and then a Home Equity LOC. When I got the PayPal 2% MC in 2018 with much higher CL than PCR I decided PCR and the checking weren't worth it and closed them and reduced the Share to a bare minimum. If I didn't have the HELOC I would closed everything, but the HELOC is pretty good, Prime+0% (currently 5.5%) for up to 80% LTV, and I was approved for the interest only minimum payment option, and LOC is good for 15 years.

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.

Re: Penfed Premium Online Savings

SouthJamaica — Tue, 29 Jan 2019 02:49:13 GMT

@DaveInAZ wrote:
@Tazman81 wrote:
I have their Premium Online Savings account open. A couple of nuances:
You must fund the initial minimum deposit of $5 from an outside institution. You cannot pull from a current PenFed checking or savings account. (yes, baffled me as well, I even spoke with a rep)
Transfer from a PenFed account are credit to the balance immediately to start earning interest, but will not be part of your Available Balance for 6 business days
When you apply online, if you are already a PenFed member, the account opens instantly. Also, if you have the PowerCash Rewards card, then you can push your rewards to this account. It is typically credit the next day and doesn't follow the same 6 business day hold mentioned above.
I missed this little tidbit above ^^^^. I've been a member since May 2017, and remember all too well the royal pain it is for the first 6 months with limits & holds. I had Share, Checking & PCR card on opening and then a Home Equity LOC. When I got the PayPal 2% MC in 2018 with much higher CL than PCR I decided PCR and the checking weren't worth it and closed them and reduced the Share to a bare minimum. If I didn't have the HELOC I would closed everything, but the HELOC is pretty good, Prime+0% (currently 5.5%) for up to 80% LTV, and I was approved for the interest only minimum payment option, and LOC is good for 15 years.

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.

It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.

Re: Penfed Premium Online Savings

DaveInAZ — Tue, 29 Jan 2019 13:01:17 GMT

@SouthJamaica wrote:
@DaveInAZ wrote:

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.
It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.

Well, the rep gave me the impression that 6 days hold for any funds transferred to the Premium Savings is a permanent thing for this account, I was thinking that because its so much higher interest they try to slow you down. Do you have a Premium Savings, and if so are you saying the transfers are treated the same as all other PF accounts after the initial new account 6 day hold?

And yes, after the first six months membership I could see why they have such restrictions for new members - you can ACH in up to $5k per day and it's credited instantly even though it takes a few days for them to actually receive the funds. A con artist could really exploit that, and probably has.

But with their several peculiarities I stand by my "it's really hard to like Penfed".

Re: Penfed Premium Online Savings

SouthJamaica — Tue, 29 Jan 2019 19:30:12 GMT

@DaveInAZ wrote:
@SouthJamaica wrote:
@DaveInAZ wrote:

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.
It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.
Well, the rep gave me the impression that 6 days hold for any funds transferred to the Premium Savings is a permanent thing for this account, I was thinking that because its so much higher interest they try to slow you down. Do you have a Premium Savings, and if so are you saying the transfers are treated the same as all other PF accounts after the initial new account 6 day hold?

And yes, after the first six months membership I could see why they have such restrictions for new members - you can ACH in up to $5k per day and it's credited instantly even though it takes a few days for them to actually receive the funds. A con artist could really exploit that, and probably has.

But with their several peculiarities I stand by my "it's really hard to like Penfed".

I just signed up yesterday, after learning of the account through this thread (I don't pay much attention to solicitation type emails ). But I have a hunch the availability thing is just a new account thing.

Re: Penfed Premium Online Savings

SouthJamaica — Tue, 29 Jan 2019 19:35:31 GMT

@DaveInAZ wrote:
@SouthJamaica wrote:
@DaveInAZ wrote:

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.
It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.
Well, the rep gave me the impression that 6 days hold for any funds transferred to the Premium Savings is a permanent thing for this account, I was thinking that because its so much higher interest they try to slow you down. Do you have a Premium Savings, and if so are you saying the transfers are treated the same as all other PF accounts after the initial new account 6 day hold?

And yes, after the first six months membership I could see why they have such restrictions for new members - you can ACH in up to $5k per day and it's credited instantly even though it takes a few days for them to actually receive the funds. A con artist could really exploit that, and probably has.

But with their several peculiarities I stand by my "it's really hard to like Penfed".

I apologize. It turns out you are right, the 6-day hold is a permanent fixture. I looked up their frequently asked questions and here's what it says:

When you request an electronic transfer from an internal or external account, your funds will be available for withdrawal on the 6th business day after you initiate your transaction at PenFed.

Check deposits will be available for withdrawal on the 6th business day after the date of deposit.

I guess they figure for the higher interest rate, they're going to treat it like a 6-day CD.

Oh well.

Re: Penfed Premium Online Savings

Tazman81 — Wed, 30 Jan 2019 02:28:35 GMT

@SouthJamaica wrote:
@DaveInAZ wrote:
@SouthJamaica wrote:
@DaveInAZ wrote:

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.
It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.
Well, the rep gave me the impression that 6 days hold for any funds transferred to the Premium Savings is a permanent thing for this account, I was thinking that because its so much higher interest they try to slow you down. Do you have a Premium Savings, and if so are you saying the transfers are treated the same as all other PF accounts after the initial new account 6 day hold?

And yes, after the first six months membership I could see why they have such restrictions for new members - you can ACH in up to $5k per day and it's credited instantly even though it takes a few days for them to actually receive the funds. A con artist could really exploit that, and probably has.

But with their several peculiarities I stand by my "it's really hard to like Penfed".
I apologize. It turns out you are right, the 6-day hold is a permanent fixture. I looked up their frequently asked questions and here's what it says:

When you request an electronic transfer from an internal or external account, your funds will be available for withdrawal on the 6th business day after you initiate your transaction at PenFed.
Check deposits will be available for withdrawal on the 6th business day after the date of deposit.

I guess they figure for the higher interest rate, they're going to treat it like a 6-day CD.

Oh well.

This is correct. I've had my Premium Savings with them for a good amount of time, and whenever I transfer funds from a PenFed account or do a transfer initiated by PenFed, there is a 6 business day hold. There ae 2 occassions when I have notice this not to be the case:

Transferring your PenFed Cash Back Rewards to this account. I do this very frequently, (even if only $2.00) and the deposit credits and is in my available balance typically the next day.
If you initiate a transfer from an outside institution (like USAA) to this account, then when the funds arrive, they seem to be in the available balance at the same time.

Otherwise, for all other deposits, even via check, I have noticed the 6 business day hold until the funds are available. While it is a bit of a hassle, I have come to realize that maybe this is being done to "help the saver" by those funds being not available so that you have a cooling off period to forget about it and thus keeping it in savings longer. Just a theory I came up with to help me cope with not seeing that available balance go up when I make transfers from my PenFed checking to savings each payday.

Re: Penfed Premium Online Savings

Blodreina — Wed, 30 Jan 2019 23:26:16 GMT

@SouthJamaica wrote:
@DaveInAZ wrote:
@SouthJamaica wrote:
@DaveInAZ wrote:

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.
It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.
Well, the rep gave me the impression that 6 days hold for any funds transferred to the Premium Savings is a permanent thing for this account, I was thinking that because its so much higher interest they try to slow you down. Do you have a Premium Savings, and if so are you saying the transfers are treated the same as all other PF accounts after the initial new account 6 day hold?

And yes, after the first six months membership I could see why they have such restrictions for new members - you can ACH in up to $5k per day and it's credited instantly even though it takes a few days for them to actually receive the funds. A con artist could really exploit that, and probably has.

But with their several peculiarities I stand by my "it's really hard to like Penfed".
I apologize. It turns out you are right, the 6-day hold is a permanent fixture. I looked up their frequently asked questions and here's what it says:

When you request an electronic transfer from an internal or external account, your funds will be available for withdrawal on the 6th business day after you initiate your transaction at PenFed.
Check deposits will be available for withdrawal on the 6th business day after the date of deposit.

I guess they figure for the higher interest rate, they're going to treat it like a 6-day CD.

Oh well.

I've seen this with other institutions as well. It might be a regulation thing for savings accounts, like the "no more than 6 withdrawals" thing.

Re: Penfed Premium Online Savings

DaveInAZ — Thu, 31 Jan 2019 12:22:58 GMT

@Blodreina wrote:
I've seen this with other institutions as well. It might be a regulation thing for savings accounts, like the "no more than 6 withdrawals" thing.

No, holding your funds for xx days is not a regulation thing, it's up to each financial institution, although their are regulations on how long they can hold funds. I've seen other institutions, like Discover Bank, place holds on incoming funds from another institution. But I've never ever seen an institution place a 6 business day hold on funds from another account with them. It's absolutely ridiculous, whatever their thinking is. I have accounts at other banks/CUs that pay higher interest without this hold nonsense, and that's who will get my business instead of Penfed.

Re: Penfed Premium Online Savings

Anonymous — Sun, 03 Mar 2019 20:24:55 GMT

Did anybody get a hard pull for opening this account? I am an existing member with a checking, credit card and share account but I just called to inquire about the hard pull and they said yes it would be. Seems a little crazy and for sure not worth a hard pull.

Re: Penfed Premium Online Savings

blunderer — Sun, 03 Mar 2019 22:19:18 GMT

No HP for me when I opened mine a few months ago.

I had and still have a regular savings and 2 cc's with them. No checking account.

Re: Penfed Premium Online Savings

CreditCuriosity — Mon, 04 Mar 2019 23:45:00 GMT

@SouthJamaica wrote:
@DaveInAZ wrote:
@Tazman81 wrote:
I have their Premium Online Savings account open. A couple of nuances:
You must fund the initial minimum deposit of $5 from an outside institution. You cannot pull from a current PenFed checking or savings account. (yes, baffled me as well, I even spoke with a rep)
Transfer from a PenFed account are credit to the balance immediately to start earning interest, but will not be part of your Available Balance for 6 business days
When you apply online, if you are already a PenFed member, the account opens instantly. Also, if you have the PowerCash Rewards card, then you can push your rewards to this account. It is typically credit the next day and doesn't follow the same 6 business day hold mentioned above.
I missed this little tidbit above ^^^^. I've been a member since May 2017, and remember all too well the royal pain it is for the first 6 months with limits & holds. I had Share, Checking & PCR card on opening and then a Home Equity LOC. When I got the PayPal 2% MC in 2018 with much higher CL than PCR I decided PCR and the checking weren't worth it and closed them and reduced the Share to a bare minimum. If I didn't have the HELOC I would closed everything, but the HELOC is pretty good, Prime+0% (currently 5.5%) for up to 80% LTV, and I was approved for the interest only minimum payment option, and LOC is good for 15 years.

But yesterday I decided to open the Premium Online Savings to strengthen my relationship. Yep, surprised that the only funding option for the new account was an ACH from an external account - or mail them a check! - so I pulled $10 from my local CU and got the account opened. Then I moved in $1k from the HELOC. So today I check and see the balance is $1,010, but the Available Balance is $0.00. So I call, thinking maybe the $10 external initial funding needs to clear before everything is available. Nope, the rep tells me the 6 day hold for funds from any Penfed account. "For every new transfer, even from a Penfed account???" I ask, incredulous. "Yes".

OK, so the new "Premium" Savings will be closed next Tuesday Feb. 5 when my funds from another freaking Penfed account are released and I can transfer the funds out. I have accounts with higher interest, and don't/won't have any accounts with this kind of ridiculous hold on funds.

It's really, really hard to like Penfed.
It's just a temporary thing because it's a new account.

In some contexts PenFed gives me the fastest availability of any institution I have ever seen. E.g., when pulling a payment from an external account PenFed treats the payment as having arrived instantly and immediately credits the full amount of the payment to me, even though the ACH debit request hasn't even been received by the institution from which payment is being pulled.

Yes it has a few peculiarities, but overall I think it's a valuable arrow to have in one's quiver.

+1 just moved aka pulled from penfed today from nfcu as instantly shows up as available and has been then way for quite some time in non trivial amounts. Penfed is wonderful once you are with them for awhile and get to know you. I will admit they are kinda a PITA the first 3-6 months you are with them after that they will do whatever you basically want assuming you have a good profile, dti, income and have treated them well they show it back 10 folds

Re: Penfed Premium Online Savings

Anonymous — Mon, 04 Mar 2019 23:57:16 GMT

@blunderer wrote:

No HP for me when I opened mine a few months ago.

I had and still have a regular savings and 2 cc's with them. No checking account.

Thank you for the reply, I did send them an email and they confirmed no hard pull for existing members.