SkyOne Federal Credit Union Promotions: $1,000 Checking + Savings Bonus

SkyOne Federal Credit Union is offering up to a $1,000 bonus when you open a savings account, open a checking account, and complete qualifying activities. You can also earn a $50 referral bonus when you invite others to join SkyOne.

Find an updated list of SkyOne promotions, bonuses, and offers below. We’ve seen sign-up bonuses of $50, $100, and even $500 before, but this bonus of up to $1,000 is the highest we’ve ever seen.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

About SkyOne Federal Credit Union

SkyOne Federal Credit Union is a US credit union headquartered in Hawthorne, California. They initially offered financial services to air transportation employees before opening up their banking services to the public.

SkyOne FCU is federally insured by the National Credit Union Administration (NCUA) so you don’t have to worry about the safety of your money.

SkyOne Federal Credit Union Promotions

Offer #1: SkyOne Money Market Account – 5.24% APY

Earn a 5.24% APY on a SkyOne High-Yield Money Market Deposit Account (MMDA). This is one of the better savings rates for an account with no fees or withdrawal restrictions.

This is an exclusive rate offered via SkyOne’s partnership with Raisin.

Offer #2: SkyOne Savings & Checking Account = Up to $1,000 Bonus

Get up to $1,000 when you open a Primary Savings account and an Advantage Checking account and complete qualifying activities.

This promotion looks better than all the previous ones offered by SkyOne. Most of the bonuses can be completed without a direct deposit too, which is nice for people who don’t have direct deposits or don’t want to change where they receive their paychecks.

Offer Details:

Availability: Nationwide
Expiration: None
Household Limit: None
Direct Deposit Required: Yes
Soft/Hard Pull: Soft
Early Account Termination Fee: None

$1,000 in Bonuses:

  1. Get an initial $100 when you open a new SkyOne Primary Savings account using promo code EXTRA along with an Advantage Checking account with a combined total of $3,500 via this link.
  2. Get another $200 when you open a Sky-High Savings account online and deposit $1,000 or more each month for a minimum of 90 days.
  3. Get another $100 when you set up online banking and mobile deposit and make 1 qualifying mobile deposit per month for 60 days with a minimum total deposit of $500 during each period.
  4. Get another $100 when you make at least 10 debit card point-of-sale purchases ($25 minimum each purchase) per month for 90 days.
  5. Get another $100 when you set up at least $1,000 in monthly recurring direct deposit (ACH) to Advantage Checking account for 6 consecutive months.
  6. Get another $100 when you sign up for a SkyOne credit card online and spend $1,000 within 30 days of receiving your new card.
  7. Get another $200 when you open a Liquid Share Certificate online with a $10,000 minimum deposit for a minimum of 30 days.
  8. Get another $100 when you close on a new personal SkyOne loan (includes auto, motorcycle, signature, RV, boat, airplane, HELOC or mortgage loans) with Auto Pay from your SkyOne Savings or Advantage Checking account.

Offer #3: SkyOne Referral Bonus – $50

Receive a $50 bonus when you open any other SkyOne bank accounts (savings account, CDs, etc.). Once you have an account, tell a friend about SkyOne, and you’ll both get a $50 Amazon Gift Card when they open a new account.

$50 Gift Card Directions:

  1. Enter your email and share with friends via Facebook, Twitter, or email.
  2. Your friend will receive a $50 gift card when they open a SkyOne Savings Account and deposit the minimum opening balance amount of $5.
  3. You’ll get your $50 gift card when they become a member in good standing for 30 days.

The $50 Amazon gift card can be redeemed to your Amazon account or any other Amazon account.

Referral Bonus Terms & Conditions:

Only current SkyOne Federal Credit Union members ages 18 years and older are eligible to refer and receive a total of $500 in annual “referrer cash bonuses.”

The referring member will receive a $25 gift card for each valid referral, as noted below, with a limit of 20 referrals (or $500) paid out per member per year.

A valid referral requires an individual who: 1) meets SkyOne’s membership requirements; 2) opens a new membership at SkyOne through an in-person representative OR online; 3) deposits the minimum opening balance amount of $5; 4) maintains the new account in good standing for a period of thirty (30) days; and 5) maintains good standing with the Credit Union as a member for a period of thirty (30) days.

Offer subject to change without notice and may end at any time.

Previous Promotions

The offers below have expired and are no longer available. We leave it here for informational purposes only.

Previous Offer #1: SkyOne Checking Account – $100 Bonus

Get $100 when you open a SkyOne Advantage Checking and setup direct deposits.

Offer Details:

Availability: Nationwide
Expiration: 8/31/2022
Household Limit: None
Direct Deposit Required: Yes, 3x for any amount
Soft/Hard Pull: Soft
Early Account Termination Fee: None

$100 Checking Bonus Directions:

  1. Open a SkyOne Advantage Checking account with this link.
  2. Setup direct deposits through their Direct Deposit Wizard portal.
  3. Make a total of three (3) qualifying direct deposits of any amount and have a minimum balance of $500 within 90 days of account opening.
  4. Receive $100 bonus within 30 days of completing offer requirements.

Previous Offer #2: SkyOne Savings Account Bonus – $100

Earn a $100 bonus when you open a SkyOne Sky-High Savings account. Use promo code promo code SKYHIGH and deposit just $1 when you apply for this savings account and the bonus is yours.

You’re not eligible for this offer if you are a current owner of a Sky-High Savings account or if you have closed an account within the last 12 months.

$100 Savings Bonus Directions:

  1. Open a SkyOne Sky-High Savings account using this link.
  2. Enter promo code SKYHIGH when prompted at the end of the application process.
  3. Deposit at least $1 into your new savings account.
  4. Receive a $100 bonus into your SkyOne Primary Savings account within 180 days of account opening.

This is an easy bonus with a minimum opening balance of $1 and no monthly fees or early withdrawal fees to worry about.

You can also earn a 1.00% APY when you deposit $1,000 or more per month. This is on top of the bonus and is not required to receive the $100 bonus.

Note that if you’re not a member, you also have to open a primary SkyOne Savings Account at the same time and deposit $5 into that account.

The Bottom Line

This is the highest offer ever launched by SkyOne. I think it’s realistic for most readers to get at least $800 of the $1,000 bonus. I don’t think most people will close a loan for a $100 bonus and I also wouldn’t recommend opening a credit card for just $100 when other credit cards offer much more.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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1 month ago

The SkyOne Savings & Checking Account = Up to $1,000 Bonus has apparently expired. I can’t find it on their website or on the landing page from your “View Offer” link above.

5 months ago

How can we avoid service charges, This promo requires opening at least one checking and two savings accounts There fee schedule has maintenance fees on each of these but I can’t see anywhere how I can avoid those fees. These would rapidly eliminate the valuer of the various bonuses.

5 months ago
Reply to  John Pham

Thanks John Second issue came up with SkyOne I deposited $100 from another checking account to open the account. Then went to set up my ACH transfer with my brokerage. They sent out the usual two deposits to verify my account for like .20 and .08 but because they put a 1 day hold on my opening deposit they charged me a $30 OD fee. Overall they place this 10 day hold on all my deposits. I worked in banking for over 30 years and never saw such a wait for available funds.
Anyway closed all the accounts and got out of this one.

1 year ago

Hello again,

I have an update. They called back to tell me that it did indeed expire on June 30.

Also, the rep said that you needed to deposit $1,000 per month for six months to get that interest rate and to get the $100 bonus.

1 year ago


I was just in contact with a representative from SkyOne and they said that the “skyhigh” promo offer expired on June 30th.

However. based on the representative who i talked with, I wouldn’t be surprised if that information was incorrect. Not a good customer relations experience at all.

Adam Fritsch
Adam Fritsch
1 year ago

Does this result in a hard pull?