We just don’t know how checking accounts get much better than this! Earn high interest yields like a certificate of deposit without having a minimum balance and receive refunds of all ATM surcharge fees incurred in the United States.

While you must have $100 to open this account, no minimum daily balance is required. Eligibility for Reward Features are evaluated at the end of each monthly statement cycle.

To qualify for the Reward Features of this account, customers need only meet the following three requirements:

  • Enroll and receive electronic statements
  • Set up one direct deposit or ACH automatic debit
  • Make 10 Check Card purchases

Because the first two of the three requirements are automated, you will automatically meet them every month once you have them configured, which means all you have to keep up with to qualify for your Rewards is to use your debit card to make 10 purchases each monthly statement cycle. And even if you don’t qualify on a given month, you will still earn interest without having any minimum balance requirement, which is still better than most checking accounts! And next month, if you make the 10 purchases, you qualify for the Reward Features again.

Additional Features for Non-Qualifying Customers:

  • 0.20% Annual Percentage Yield*  on balances (Better than free checking!)

Reward Features for Qualifying Customers

  • All U.S. ATM fees reimbursed automatically on statement cycle date
  • 0.90% Annual Percentage Yield* on balances up to $25,000
  • 0.40% Annual Percentage Yield* on balances above $25,000

Features for All First Reward Checking Customers:

How Reward Account Rates Are Paid And Tiered:

*0.90% Annual Percentage Yield (APY) paid onto open account balances from one penny through $25,000, and 0.40% APY paid on all amounts above $25,000 each cycle the minimum requirements are met. If you do not meet the requirements per cycle, balances will still earn 0.20% APY; however, you will not receive ATM fee refunds for that time period.

Additional Information

  • No Minimum Balance Required. However you must deposit a minimum of $100 to open this account.
  • Personal Account Only: Not available for commerical customers.
  • Fees may reduce earnings on the account.
  • Interest Rate may change without notice after account opens.

Rates as of Dec. 17, 2018.