Cash Rewards Checking is a free checking account that literally pays you to bank with us!
If you keep a higher average monthly balance in your checking account and want to earn higher dividends, Cash Rewards is the perfect free rewards checking account for you. Simply make 12 signature-based Debit card purchases per cycle, and log into online banking at least once per month and you qualify for great rewards! Did we mention there are no penalties if you don’t meet your qualifications? You’ll just earn our standard APY for that month and try again next month!
- Free checking that pays high dividends
- 4.00% APY* on balances up to $25,000
- 4.00% to 1.20% APY on balances over $25,000 depending on balance in account*
- 0.05% APY* if qualifications aren’t met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
- Link to free Saver account to build savings automatically
- No minimum balance to earn rewards
- No monthly maintenance fee
- Free online banking & Online Bill Pay**
- Free eStatements*
- Free mobile banking
- Free debit card
- Free telephone banking
- $25 minimum deposit to open
Plus, watch your savings grow without lifting a finger when you add a Saver account.
Earn higher dividends and automatically save your Cash Rewards or Cash Back in this free add-on savings account. The Saver account is linked to your Cash Rewards or Cash Back checking account, and any rewards you earn are automatically swept into Saver at the end of each rewards month.
Also, there are no additional qualifications for Saver (should you choose to add it to your Cash Rewards checking). Simply meet the monthly qualifications in your Cash Rewards checking, and you’ll earn the higher Saver rate!
*APY = Annual Percentage Yield. APYs accurate as of 04/01/2025
**Fees may apply to Online Bill Pay service
Cash Rewards checking pays a higher dividend on checking account balances as a reward for doing what you already do: using your Debit card and online banking! Simply use your Debit card to make 12 signature-based purchases per month, and log in to online banking at least once per month. That's it! If you don't meet the qualifications this month, don't worry- you will just earn 0.05% APY this month and you can try again next time!
If qualifications are met: Earn 4.00% APY* on balances up to $25,000; earn 0.50% APY on portion of balance over $25,000
If qualifications are not met: earn 0.05% APY on total balance
Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. "Monthly Qualification Cycle" means the current statement cycle. See Credit Union for specific Monthly Qualification Cycle dates.
Reward Information: When your Cash Rewards checking account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $25,000 in your Cash Rewards checking account earn a dividend rate of 3.95% resulting in an APY of 4.00%; and average daily balances over $25,000 earn a dividend rate of .50% on the portion of the average daily balance over $25,000, resulting in a range from 4.00% to 1.20% APY* depending on the account's average daily balance. You will receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees incurred within your Cash Rewards checking account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. When your Cash Rewards checking qualifications are not met, the dividend rate earned on the account's entire average daily balance will be .05% resulting in an annual percentage yield of .05% and ATM withdrawal fees are not refunded. Dividends will be credited to your Cash Rewards checking account on the last day of the current statement cycle. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle. When your linked Cash Rewards checking account qualifications are met during a Monthly Qualification Cycle, average daily balances up to and including $40,000 in your Saver account earn an APY of 1.00% APY and average daily balances over $40,000 earn a dividend rate of .10% on the portion of the average daily balance over $40,000, resulting in a range from 1.00% to .38% APY* depending on the account's average daily balance. When your linked Cash Rewards checking account qualifications are not met, the entire average daily balance in the Saver account earns a dividend rate of .05% resulting in an annual percentage yield of .05% APY. Dividends will be credited to your Saver account on the last day of the current statement cycle.
APY = Annual Percentage Yield. APYs accurate as of 04/01/2025. Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
*Blended APY Range of 4.00% to 1.20% is an example of rates for account balances up to $125,000; actual blended APY on statements may vary based on total account balance.
Additional Information: Membership restrictions may apply. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $25 minimum deposit is required to open the account. There are no recurring monthly maintenance charges or fees to open this account. A fee may apply if account is closed within 90 days of opening. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our member service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Accounts insured up to $500,000. American Share insurance insures each account up to $250,000. Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per account. This institution is not federally insured. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.