If you’re interested in our Reward Checking account, our Reward Saver1 savings account option is for you!
Here’s how it works: the high interest and ATM fee refunds you earn from your free Reward Checking are automatically transferred into Reward Saver each month. Even better, Reward Saver even earns its own high interest.
Earn 0.50% APY* on balances up to $10,000 when you meet the following monthly qualifications in your Reward Checking account:
- Have at least 10 Debit Card Transactions (excluding ATM transactions) post and clear
- Have at least 1 Direct Deposit or 1 ACH Auto Debit post and clear
- Receive a Monthly Electronic Statement
Click here to sign-up for Free Reward Saver savings account.
See the grid below for a complete list of savings account options.
|Premium Money Market Account||Super Saver
|Description||This account is designed to help you save automatically with your Reward Checking account||An account for traditional savings needs||Earns higher interest rates according to your balance||An easily accessible account that earns market interest|
|Minimum Opening Deposit||$100.00||$100.00||$2,500.00||$2,500.00|
|Monthly Maintenance Fee (if below minimum)||None||$3.00||$15.00||$11.00|
|Fee per Check Written/ Withdrawals||Unlimited in person; restrictions may apply to other withdrawals||Unlimited in person; restrictions may apply to other withdrawals||Unlimited in person; restrictions may apply to other withdrawals||Unlimited in person; restrictions may apply to other withdrawals|
|Earns Interest||Variable; to receive Reward Saver reward rates you must meet the minimum qualification requirements for Reward Checking||Variable||Variable based on balance||Variable based on balance|
*APY = Annual Percentage Yield. *Minimum to open account is $100 for Free Reward Checking and $100 for Reward Saver. Annual Percentage Yield (APY) accurate as of August 12, 2014. The interest rate and APY that apply to your Reward Saver account will be determined based on whether you have met the qualification criteria for your Reward Checking account.
When the Reward Checking qualifications are not met, the interest rate on your Reward Saver account will be 0.05%, and the annual percentage yield will be 0.05%.
When the Reward Checking qualifications are met, the interest rate on your Reward Saver account and corresponding annual percentage yield will be tiered. If your daily balance is $10,000.00 or less, the interest rate paid on the entire balance will be 0.499% with an annual percentage yield of 0.50%. An interest rate of 0.25% will be paid only for that portion of your daily balance that is greater than $10,000.00. The annual percentage yield for this tier will range from 0.50%-0.27% depending on the balance in the account. The Reward Checking APY is based on compounding interest. Please be aware that the interest earned in Reward Checking is automatically transferred to Reward Saver each statement cycle and does not compound. As a result, the actual interest amount paid for Reward Checking may be less than the APY disclosed for that account. The Reward Saver APY’s may be less than the Reward Checking.
The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. Interest will be compounded on your Reward Saver account on a monthly basis. Interest will be credited to your account on the last day of the statement cycle. If you close your account before interest is credited, you will not receive the accrued interest. Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Please note that transactions MUST post and clear your Reward Checking account during the monthly qualification cycle in order to receive the preferred rate on both the Reward Checking and the Reward Saver accounts, and to receive ATM fee reimbursements in the Reward Checking account. Transactions may not be in a pending state to qualify as one of the qualifications. Transactions may take one or more banking days from the date the transactions were made to post and clear an account.
We will reimburse you for domestic ATM fees incurred in your Reward Checking account if you have met your qualifications for the month. ATM fee reimbursements will be credited to your Reward Checking account on the last day of your statement cycle. Your interest earned and any ATM fee reimbursements credited to your Reward Checking account will be transferred to your Reward Saver account automatically on the first business day following the day they were credited to your Reward Checking account.
“Monthly Qualification Cycle” means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current statement cycle. Your account will be automatically qualified on that one day prior to the first day of the current statement cycle. What this means for you is if you did not qualify for the higher preferred rate, you might notice a slightly higher than the base rate APY earned on your statement due to the one day (the last day) being calculated with the higher preferred rate.
You must have a Reward Checking account in order to open a Reward Saver account, and the Reward Checking account must remain open throughout the period that you hold the Reward Saver account. In the event that you close your Reward Checking account, we reserve the right to close your Reward Saver account. The number of withdrawals or transfers from Reward Saver that you make in person, by mail or at an ATM are unlimited. During your statement cycle, you may also make up to six transfers or payments in the aggregate via pre-authorized withdrawals, telephone banking and online banking service, automatic transfers or at point of sale terminals using your ATM or debit card. These transactions are considered made on the date the transactions post and clear your account, not the date the withdrawal request was initiated.
Certificates of Deposit (CDs) are ideal for those in search of the security of fixed rates and a variety of terms. Take advantage of:
- Interest rates compounded quarterly
- Terms ranging from 91 days to 5 years
- FDIC insured funds – Up to the maximum allowed by law
Buddy/Boomers Savings Account
An excellent, low-cost account sure to make saving fun for your little one. With this savings option you’ll enjoy:
- Competitive interest rates
- No service charge for children 18 years of age and younger
- Fun extras, such as a membership card, a stuffed Bear or Buffalo for kids 12 years old and younger, and more!
- Only $100 deposit required to open this account
Health Savings Account
If you are an adult currently covered by a high deductible health plan, who is without additional primary coverage and not a claimed dependent, consider establishing an HSA.
- Tax deductible contributions – The contributions you make to an HSA to pay for current and future medical costs are tax-free. In 2015, an individual can contribute up to $3,350 and a family can save up to $6,650. People age 55 and older are allowed to save an additional $1,000 annually, totaling a savings limit of $4,350 each year for an individual and $7,650 for a family.
- Continued growth of funds tax-free – Any money not spent for designated health care expenses rolls over to the next year and continues to grow tax-free.
- Help build savings to cover unplanned health care costs or even the out-of-pocket health care expenses you are likely to have in retirement.