Great Rate Checking
You think of a checking account as a way to spend your money, but at Bank2, your free interest checking makes you money. Earn 2.01% APY* and ATM fee refunds**. All with no minimum balance or monthly service charges.
That's greater interest than CDs...from your checking account! You can make it even better by linking your interest checking to our Great Rate Savings account. Not only will you earn even more interest, but the automatic deposits build your savings for you!
Changes as of May 6, 2009: This interest checking account is limited to 2 accounts per customer and/or household. Additionally, the account is limited to Oklahoma residents only. The account may be offered to Bank2 loan customers.
- Summary
- Earn 2.01% APY* on balances up to $15,000
- Earn 0.51% APY* on amount of balance over $15,000
- Earn 0.10% APY* on entire balance if easy qualifications aren't met
- No monthly service charges—ever
- No minimum balance requirement to earn rewards
- Unlimited checking
- Link to free Great Rate Savings for more high interest
- Free online banking with bill pay
- Free e-Statements
- Direct deposit available
- Free Visa® debit card
- Free telephone banking
- $100 deposit to open
- FDIC insured
Qualifications:
Your account is always free and always earns at least the base rate of interest. To qualify for the Great Rate and ATM fee refunds, simply do each of the following every monthly qualification cycle:
- Access online banking
- Receive free paperless e-Statements
- Have at least one monthly direct deposit post and clear the account
- Have at least 12 point-of-sale debit card purchases post and clear the account
Chances are you're already doing these anyway! But if you don't meet the qualifications one cycle, don't worry. You can get back to earning the Great Rate rewards the very next cycle you qualify!
Details:
*Annual Percentage Yield (APY), Rate Tiers and Qualifications for APY: Annual Percentage Yield (APY) is accurate as of 4/9/2012. Rates, rate tiers and qualifications are subject to change without notice after the account is opened. Minimum to open account is $100.00. Fees may reduce earnings. Rate tiers are as follows: 2.01% APY applies to balances of $0.01 - $15,000.00 and 0.51% APY applies to balances over $15,000.00 if all qualifications are met each monthly qualification cycle. 0.10% APY applies to all balances if qualifications are not met. All balances will earn 0.51% APY to 2.01% APY as long as all qualifications are met. Qualifying transactions must post and clear the account during the monthly qualification cycle. Qualifying transactions may take more than one business day to post and clear the account from the transaction date. Lost, damaged, expired or stolen check cards do not alleviate the requirements for qualification for any qualification cycle.
ATM fees will be refunded up to $50 on the last day of the cycle only when qualifications are met.
This account is limited to personal or sole-proprietorships: only two per customer and/or household. Additionally, the account is limited to Oklahoma residents. This account may be offered to Bank2 loan customers.
- Qualification Cycle
**Qualification Cycle (QCycle) – Usually, each Great Rate account QCycle begins on the 6th day of the month (the "First day") and ends the 5th day of each month (the "Last day"); except in the event the First day or Last day or both fall(s) on a weekend or holiday(s), adjustment(s) will be made by moving such day "back" to the most immediate preceding business day such that neither day falls on a weekend or holiday and the Last day of the QCycle and First day of the next QCycle remain consecutive business days (e.g. Last day is the 5th and First day of the next is the 6th) of the same month. Any exceptions to this will be posted on the Bank's website or provided in customer e-statement(s) prior to being effective.
