Offerle National Bank -- Rewards Checking -- Rates effective as of January 25, 2009
To receive the high Annual Percentage Yield and ATM fee refunds nationwide, you must perform the following qualifications each cycle:
- Make 10 MasterCard debit card purchases
- Set up one Direct Deposit or authorize one automatic payment from your account
- Enroll and receive Electronic Statements (valid e-mail address is required)
- Access online banking
Earn unlimited nationwide ATM fee refunds each cycle the qualifications are met.
2.04% Annual Percentage Yield (APY) paid on balances between one penny and $24,999.99 and 0.75% APY paid on the portion of account balances over $25,000 for each cycle the qualifications are met. This is a variable rate account and we may change the interest rate on your account at any time. If your account balance is $0.00 - $24,999.99, the rate is 2.0% with an APY equal to 2.04%. If your account balance is $25,000.00 and above, the rate is 0.75% with an APY equal to 2.04% - 0.75%. The interest rates shown will be paid only for that portion of your account balance within that tier. The APY will vary, within the range shown, depending upon the account balance. We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). If you do not meet the qualifications during a cycle, your account will still function as a free checking account earning 0.15% APY, you will not receive ATM refunds for that time period.
Annual Percentage Rates for this account are effective as of January 25, 2009 and subject to change after account is opened.
A minimum balance of $100 is required to open this account. Available for personal accounts only. Interest will be compounded daily and will be credited to your account monthly. If you close your account before interest is credited, you will receive the accrued interest.
No monthly service charge. Overdraft fees apply to overdrafts created by check, in-person withdrawal, ATM withdrawal or other electronic means.
Offerle National Bank, Member FDIC and Equal Housing Lender
