With High Interest Checking, you will also receive these benefits:
- Unlimited Check Writing
- No per Check Charges
- FREE Non-The Bank ATM Transactions*
- FREE Automated Telephone Banking
- FREE Notary Service
- FREE Official Checks (Limits Apply)
- FREE Investment Consultation with The Bank Financial Services, Inc.
- 50% Discount on Annual Safe Deposit Box Rental
- Two FREE Stop Payment Orders per year
- FREE Incoming Wire Transfers
- One Penalty Free Certificate of Deposit Withdrawal per Year (1 Year Term CD Only)
- Add the Travel Benefits Package for only $2.99 per month (link to pop up box)
Earn Interest on daily balances of $1000 and more
- Premium Rate - Earn 3.0% APY on balances up to $25,000 if the requirements are met*
- Base Rate - Earn 0.25% APY on balances over $25,000 and if requirements are not met*
*Annual Percentage Yield (APY) is accurate as of <date>. You must meet the minimum requirements each statement cycle to earn the premium interest rate.
To earn the higher interest rate on balances over $1000 and up to $25,000, you must meet the following requirements each statement cycle, which begins one day before the last day of each month: $100 opening balance, twelve (12) signature debit card transactions; log-on to Online Banking at least once; sign up and receive e-Statements; four (4) Online Bill Pay payments; and one (1) direct deposit. Interest compounded and credited monthly. Business accounts are not eligible.
Account FAQs
What is a High Interest Checking Account?
High Interest Checking is an account that allows you to Earn A Premium Interest Rate (requirements apply for Premium Interest rates).
Is there a monthly service fee?
Yes. However, the monthly service fee of $4.95 is waived with a combined deposit and loan balance of $15,000 with The Bank.
How often must the qualifications be met for me to earn the high interest?
Each statement cycle.
What is the monthly statement cycle for High Interest Checking Account with High Interest?
The statement cycle begins on the first day of each month and ends on the last day of each month.
All High Interest Checking Account customers will be on the same statement cycle.
What happens if I don't meet the qualifications for my High Interest Checking Account with High Interest?
You will not qualify to earn the premium interest rate for that monthly statement cycle. All other benefits still apply.
If I use my Visa® debit card at an ATM, will that transaction count towards my qualifications?
No, only Signature point-of-sale transactions count and they must be posted to the account, not just pending, to apply within the current statement cycle.
May I “carry forward” Visa® debit purchases in excess of the required number to the next monthly statement cycle?
No, each monthly statement cycle you must meet all qualifications. However, any transaction not posted to your account in time for the current cycle will count in the next cycle.
Can I open more than one High Interest Checking Account with High Interest account?
Only one account per social security number as a primary account holder is allowed.
Do I need to order new checks if I switch to a High Interest Checking Account?
If you have an existing checking account with The Bank, then all of your account numbers will remain the same when you move into a High Interest Checking account. You can continue using the same checks and the same debit card from your previous account.
Will my money be insured with the FDIC?
Yes. All High Interest Checking Accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor. With a combination of accounts, you could be covered for more than $250,000.
Estimate how much of your money is insured by the FDIC. Try EDIE the Estimator from the FDIC.
How do I get started?
It’s easy to make the switch to a High Interest Checking Account. ENROLL NOW
Free ATM Transactions
Insert information here