Reward Savings

Reward Savings

The only thing better than having one high interest account...is having two! Make the most of your Reward Checking II earnings with this complementary, high interest savings account.


Each month, your Reward Checking II interest and ATM fee refunds are automatically transferred here to help you build your savings. Together, these two accounts make it easy to build your balance fast, just by doing simple banking activities you probably do already! See branch for terms and conditions of account.

Summary

Easy Qualifications To qualify for the higher Reward Savings rates you must have a linked Reward Checking II account which has met the following qualifications during the monthly Qualification Cycle: • Have at least 12 debit card point of sale transactions post and clear per Qualification Cycle. The debit card point of sale transactions may not be in a pending state to qualify as one of the qualifying transactions. Transactions may take one or more business days from the date the transaction was made to post to and clear an account. ATM processed transactions and point of sale credits do not count towards qualifying debit card transactions. • Have at least one electronic automatic payment or electronic direct deposit post and clear per Qualification Cycle. Intrabank transfers do not count as a qualifying transaction. • Consent to receive your monthly statement and disclosures electronically through online banking. If you choose to receive your monthly statement in paper format, you will receive the non-qualifying annual percentage yield. In addition, you are required to receive your Reward Savings monthly statement and disclosures electronically through online banking.

  • Receive a 0.36% interest rate on balances up to $15,000 with a 0.36% APY* if you qualify.
  • Receive a 0.12% interest rate for the balance in your account over $15,000 with an APY* for this tier ranging from 0.16% to 0.36%.
  • Receive a 0.05% interest rate and 0.05% APY* on your entire balance if you do not qualify.
  • Linked to Reward Checking II
  • Automatic interest and domestic ATM fee refund transfers from your Reward Checking II account to your Reward Savings account.
  • No monthly fees.
  • There is no minimum deposit to open, maintain or meet the qualifications for a Reward Savings account**
  • Free online banking
  • $0 deposit to open

NOTE: Reward Checking II account is required when opening a Reward Savings account.


*Annual Percentage Yield (APY) accurate as of 1/25/13, contact us for current rates and terms. Rates may change after the account is opened. Fees may reduce earnings.

The qualifications requirements for the linked Reward Checking II account must be met by the end of the Qualification Cycle. The Qualification Cycle means a period beginning one business day prior to the first day of the Statement Cycle through one business day prior to the close of the Statement Cycle. In order to fully understand the Qualification Cycle you must understand how the Statement Cycle cutoff date is determined. The Statement Cycle cutoff date will be the 25th day of each month if the 25th is a business day. If the 25th is a weekend or federal holiday then the Statement Cycle cutoff date may be up to three calendar days earlier. For example, if the 25th of the month falls on a weekend, the qualification transactions must post and clear by Thursday of that week. If the 25th falls on a federal holiday, the Statement Cycle cutoff date will be two business days before the federal holiday, which may result in a Qualification Cycle ending up to four calendar days prior to the 25th. Business days are Monday through Friday, excluding federal holidays.

If you have met your qualifications for the month, we will reimburse you for domestic ATM fees up to $25.00 per Qualification Cycle. ATM fees up to $4.99 will be reimbursed automatically. Reimbursement of ATM fees higher than $4.99 require you to present a receipt in branch. ATM fee reimbursements will be credited to your account on the last day of your Statement Cycle for ATM fees charged to your account during the Qualification Cycle. If an ATM fee is charged between the Qualification Cycle cutoff date and the Statement Cycle cutoff date it will be included in the next monthly Qualification Cycle. If you do not meet the qualifications the following Qualification Cycle you will not be reimbursed for this fee.

**The linked Reward Checking II account does require a minimum deposit of $100.00 to open.