Elite Checking

 The interest-bearing checking account that rewards you with interest and ATM refunds! 

YOU WILL BE REWARDED WITH:

  • Free Checking with no minimum balance requirement
  • Earn interest – 0.10% APY paid on all balances (no other qualifiers)
  • Free first order of basic checks
     
 WANT TO EARN EVEN MORE INTEREST?
  • Make at least 12 Debit Card purchases per statement cycle AND
  • Direct Deposit or Automatic Payment AND
  • Enroll in eStatements
     
 In addition to earning more interest, upon 12 debit card purchases per monthly statement cycle you will earn up to $12 in ATM refunds. Active Debit Card Users – 12-49 Debit Card Transactions
  • 2.00% APY on balances up to $25,000
  • 1.00% APY on balances $25,000.01 to $50,000
  • 0.10% APY on balances greater than $50,000
     
 Power Debit Card Users – 50-99 Debit Card Transactions
  • 2.25% APY on balances up to $25,000
  • 1.00% APY on balances $25,000.01 to $50,000
  • 0.10% APY on balances greater than $50,000
     
 Ultimate Debit Card Users – 100+ Debit Card Transactions
  • 2.50% APY on balances up to $25,000
  • 1.00% APY on balances $25,000.01 to $50,000
  • 0.10% APY on balances greater than $50,000
     

Open an account  


This disclosure contains the rules which govern your deposit account. Unless it would be inconsistent to do so, words and phrases in this disclosure should be construed so that the singular includes the plural and the plural includes the singular. 

INTEREST RATE AND APY
When the Elite Checking Level One (1) qualifications are met, the interest rate on your account and corresponding annual percentage rate will be tiered. If your daily balance is $25,000.00 or less, the interest rate paid on the entire balance will be 1.98% with an annual percentage yield (APY) of 2.00%. An interest rate of 1.00% will be paid only for that portion of your daily balance that is greater than $25,000.01 but less than $50,000.00. The annual percentage yield for this tier will range from 2.00% to 1.50% depending on the balance in the account. An interest rate of .10% will be paid for that portion of your daily balance that is $50,000.00 or greater. The annual percentage yield for this tier will range from 1.50% to .80%, depending on the balance in the account.

When the Elite Checking Level Two (2) qualifications are met, the interest rate on your account and corresponding annual percentage rate will be tiered. If your daily balance is $25,000.00 or less, the interest rate paid on the entire balance will be 2.23% with an annual percentage yield (APY) of 2.25%. An interest rate of 1.00% will be paid only for that portion of your daily balance that is greater than $25,000.01 but less than $50,000.00. The annual percentage yield for this tier will range from 2.25% to 1.63% depending on the balance in the account. An interest rate of .10% will be paid for that portion of your daily balance that is $50,000.00 or greater. The annual percentage yield for this tier will range from 1.63% to .86%, depending on the balance in the account.

When the Elite Checking Level Three (3) qualifications are met, the interest rate on your account and corresponding annual percentage rate will be tiered. If your daily balance is $25,000.00 or less, the interest rate paid on the entire balance will be 2.47% with an annual percentage yield (APY) of 2.50%. An interest rate of 1.00% will be paid only for that portion of your daily balance that is greater than $25,000.01 but less than $50,000.00. The annual percentage yield for this tier will range from 2.50% to 1.75% depending on the balance in the account. An interest rate of .10% will be paid for that portion of your daily balance that is $50,000.00 or greater. The annual percentage yield for this tier will range from 1.75% to .92%, depending on the balance in the account.

When the Elite Checking qualifications are not met, the interest rate on your account will be .10% and the annual percentage yield (APY) will be .10%.

The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time. Fees may reduce earning. 

Interest will be compounded 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 interest on your account. This method applies a daily periodic rate to the principal in the account each day. 

MINIMUM BALANCE REQUIREMENT
To open the account:

1. You must deposit at least $100.00

EARN ATM FEE REIMBURSEMENTS
You may receive reimbursements of up to $12.00 per statement cycle on domestic ATM fee surcharges1

1. To receive reimbursements of up to $12.00 on domestic ATM fee surcharges, you must have at least twelve (12) debit card purchases post and clear the account during the qualifying statement cycle2.

QUALIFICATIONS:

To qualify for Elite Checking Level One (1) rates, you must perform each of the following during the monthly statement cycle:

1. Have at least twelve (12) debit card purchases post and clear the account during the qualifying statement cycle2, and
2. Have one (1) direct deposit or electronic payment post and credit/clear to the account during the statement cycle3, and
3. Sign up to receive eStatements

To qualify for Elite Checking Level Two (2) rates, you must perform each of the following during the monthly statement cycle:

1. Have at least fifty (50) debit card purchases post and clear the account during the qualifying statement cycle2, and
2. Have one (1) direct deposit or electronic payment post and credit/clear to the account during the statement cycle3, and
3. Sign up to receive eStatements

 To qualify for Elite Checking Level Three (3) rates, you must perform each of the following during the monthly statement cycle: 

1. Have at least one-hundred (100) debit card purchases post and clear the account during the qualifying statement cycle2, and
2. Have one (1) direct deposit or electronic payment post and credit/clear to the account during the statement cycle3, and
3. Sign up to receive eStatements


 1.  If you have met the qualifications for the month, we will reimburse up to $12.00 for domestic ATM fees. ATM fee reimbursements will be credited to your account upon meeting qualifications. We make our best effort to identify those ATM fees eligible for reimbursement, based on information we receive from card networks and ATM operators. In the event that you have not received a reimbursement for a fee that you believe is eligible, please call a Customer Service Representative at 580-351-2265 for further assistance.
2. Transactions must post and clear to your account during the monthly qualification cycle. They may not be in a pending state to qualify as one of the qualifiers. Transactions may take one or more banking days from the date the transaction was made to post to and clear the account. ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions.
3. Intra-bank transfers do not count as a qualifying direct deposit.

Monthly Statement Cycle means each calendar day of the month beginning with the first day of the month and ending on the last day of the month.

This is a promotional campaign, terms and conditions are subject to change. 

Member FDIC

 

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