PERKS Savings
Put your whole balance to work.
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Overview
The perks don’t stop at checking
Most savings accounts make you choose between easy access and a great rate. The PERKS pair gives you both. Your PERKS Checking account earns up to 5.00% APY on balances up to $10,000, and when you add a PERKS Savings account, balances from $10,000 up to $100,000 keep earning at 0.55% APY*. Together, that’s up to $100,000 of your money working for you.
New to PERKS? Getting started is simple.
PERKS Savings is an exclusive add-on for PERKS Checking members, so your first step is opening a PERKS Checking account. Then add your PERKS Savings and let both accounts do the earning.
Already have PERKS Checking? You’re one step away. Add a PERKS Savings account and start earning on the money you set aside.
How to qualify
There’s nothing new to remember. When your linked PERKS Checking meets its monthly requirements, your PERKS Savings earns the top rate too:
• Post and settle at least 15 debit card purchases
• Receive cumulative ACH deposits of $500 or more
• Enroll in and receive eStatementsDon’t meet the requirements one month? No problem. Your accounts are still free, and you can get right back to earning the next month.
- Earn 0.55% APY* on balances of $10,000 up to $100,000
- No extra hoops. Qualifying with your PERKS Checking automatically qualifies your PERKS Savings
- Seamlessly linked to your PERKS Checking account
- Convenient online and mobile banking
- Free eStatements
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Rates
Rates
PERKS Checking Rates
Account Minimum Daily Balance Required to Earn Dividends Dividend Rate APY PERKS Checking $0.01-$10,000.00 4.890% 5.00% PERKS Checking $10,000.00 or more 0.010% 0.01-5.00% PERKS Checking If minimum requirements are not met 0.010% 0.01% To earn your rewards, simply do the following activities and transactions in your PERKS Checking account each monthly qualification cycle:
- Have at least 15 debit card purchases post and settle
- Have cumulative ACH Deposits of $500
- Be enrolled in and agree to receive eStatementsTo earn more, open a PERKS Savings account. APY = Annual Percentage Yield
PERKS Savings Rates
Account Minimum Daily Balance Required to Earn Dividends Dividend Rate APY PERKS Savings $0.01-$9,999.99 0.010% 0.01% PERKS Savings $10,000.00-$100,000.00 0.549% 0.55% PERKS Savings $100,000.01 or more 0.010% 0.01 - 0.55% PERKS Savings If minimum requirements are not met 0.010% 0.01% To open a PERKS Savings account, you must first open a PERKS Checking account.
*To earn the qualifying rate of 0.55% APY for the qualifying cycle, the PERKS Checking account must satisfy the following requirements: 1) a minimum of 15 debit card transactions post and clear to the account; 2) monthly statement must be delivered electronically; and 3) cumulative ACH deposits of $500 or more. Transactions may take one or more banking days from the date that the transaction was made to post to the account. Transactions that have been initiated, but not posted as of the last day of the cycle, will not count as a qualifying transaction for that cycle. Pending transactions will count towards the following cycle when they have posted to the account. A PERKS Savings account must be linked to the PERKS Checking account. For the PERKS Savings account to earn the qualifying rate for that cycle, the linked PERKS Checking account must satisfy the qualifying requirements for the same monthly qualification cycle. If PERKS Checking account does not meet qualifying requirements, the PERKS Savings account will earn the nonqualifying rate for that cycle. For PERKS accounts, the qualifying cycle is defined as a calendar month (example: March 1 – March 31). One PERKS Checking and one PERKS Savings account allowed per primary member’s social security number. No commercial accounts may participate in this program. PERKS Savings accounts with balances below $10,000 receive a monthly dividend of 0.01% APY. PERKS Savings accounts with balances of $10,000 up to $100,000 receive a monthly dividend of 0.55% APY and 0.01% APY on the portion of the balance over $100,000. PERKS Checking accounts receive a dividend of 5.00% APY on balances up to $10,000 and 0.01% APY on the portion of the balance over $10,000. The nonqualifying rate for PERKS Checking and Savings accounts is 0.01% APY on all balances.