Free Reward Checking
Take your free checking to the next level and get a free account that pays you back! Free Reward Checking goes more than a few steps beyond your run-of-the-mill accounts with 3.00% APY*.
With that amazing rate you'll also enjoy ATM fee refunds nationwide, with no minimum balance and no monthly fees. All this just for doing a few everyday things you most likely do already. Fees may reduce earnings.
This is a free high interest checking account that makes it easy to get rewarded. Don't let this opportunity pass -- open one today!
- Summary
- 3.00% APY* on your balance up to $20,000**
- .50% APY* on your balance over $20,000**
- 0.05% APY* if qualifications are not met**
- Unlimited ATM fee refunds nationwide
- No minimum balance required
- No monthly service fee
- Unlimited check writing
- Free Visa® Debit Card
- Free check safekeeping
- Free Online Banking
- Free Bill Pay
- Free Telephone Banking
- Minimum opening deposit is $100
Qualifications
To earn the outstanding Bonus Rates and ATM fee refunds, simply perform the following each monthly qualification cycle**:
- Have at least 10 Debit Card Transactions (excluding ATM Transactions) post and clear
- Have at least 1 Direct Deposit or One ACH Auto Debit post and clear
- Receive a Monthly Electronic Statement
But even if you don't meet the qualifications for a given cycle, the account is still free with NO monthly service charge and you can still qualify for the benefits in future cycles.
*APY = Annual Percentage Yield.
**VARIABLE RATE
Tier 1 – An interest rate of 2.96% will be paid only for that portion of your daily balance that is greater than $0.01, but less than $20,000.01.The annual percentage yield for this tier is 3.00%. This interest will be paid upon meeting the specified qualifications.
Tier 2 – An interest rate of 0.49% will be paid for that portion of your daily balance that is greater than $20,000.01. The annual percentage yield for this tier will range from 3.00% to 0.70%.
If qualifications are not met, then your interest rate is 0.05% with an annual percentage yield of 0.05% on all balances and you will not receive ATM refunds for that cycle. Your interest rate and annual percentage yield may change at any time. The interest rate and annual percentage yield for your account depend upon the applicable rate tier. The interest rate and annual percentage yield for these tiers may change at any time after the account has been opened. Fees may reduce earnings.
Qualification cycle means a period beginning one day prior to the current statement through one day prior to the close of the current statement. APY is accurate as of the date of this publication. Rate effective as of 1/22/2011. No minimum balance required; however you must deposit $100 to open this account. Available to personal accounts only. No monthly service charge. Unlimited ATM refunds per qualification cycle if the requirements are met. The qualification cycle is the 21st of the month thru the 20th of the next month. The qualification cycle may end earlier if the 20th falls on a weekend or holiday.
Additional Terms:
If you choose not to have electronic delivery of e-statements, your account will be converted to a Basic Checking account after (3) monthly qualification cycles.
