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Our Rewards Checking account offers a simple and free way to earn higher interest on your checking account balance when you do the following three things within your monthly qualification cycle*:
- Make at least 10 or more debit card purchases (ATM transactions excluded)
- Receive e-statements
- Set up and use at least one direct deposit or qualifying electronic payment
* Interest Rate & Annual Percentage Yield: When your Rewards Checking account qualifications are met during a Monthly Qualification Cycle, Tier 1: An interest rate of 1.80% will be paid on the portion of your daily balance that is less than $15,000. The annual percentage yield for this tier is 1.81%. Tier 2: An interest rate of 0.15% will be paid on the portion of your daily balance that is greater than $15,000. The annual percentage yield for this tier will range from 1.81% to 0.40%, depending on the balance in the account. (The 0.40% APY is based on a $100,000 daily balance.) When your Rewards Checking account qualifications are not met, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05% and you will not receive ATM surcharge refunds. The rates are accurate as of 5/1/18 and subject to change without notice. No monthly service fees. $50 minimum to open. Subject to account approval. Limit of two accounts per household. Contact a Community Bank Customer Service Representative for more details.
Monthly requirements: The required transactions must post to and settle on your Rewards Checking account during the monthly qualification cycle in order to receive the premium interest rate and ATM surcharge refunds (up to $50 per qualification cycle). “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle.