Bank Deals Blog: Checking & Reward Checking Deals

Iowa-based Fidelity Bank & Trust (Fidelity B&T) new rewards checking account, Hometown Hype Checking, was added to the product line this past summer with an initial 2.03% APY on qualifying balances up to $25k. Qualifying balances >$25k and non-qualifying balances both earn 0.05% APY.

The statement cycle qualification requirements include,

• At least 10 PIN or signatured-based debit card transactions
• At least two ACH or direct deposit transactions
• E-Statements with...

The simple green arrow next to Quontic Bank’s High Interest Checking (HIC) in yesterday’s Best Bank Account Interest Rates Summary doesn’t begin to describe the various changes the HIC has recently experienced.

Here’s a summary of the changes:

• The 1.01% APY is still in effect, but the qualifying balance cap has been increased from $100k to $150k.
• The three rate tiers previously in effect (up to...

Many thanks to DA reader, Cdbob, for his recent Forum post about Dort Financial Credit Union’s (Dort Financial) IRA Shares account.

The IRA Shares account currently offers the following tiered rates:

• 1.51% APY ($25k minimum)
• 1.00% APY ($10k minimum)
• 0.75% APY ($1k minimum)
• 0.50% APY (up to $1k)

There’s not much information on Dort Financial’s website about the IRA Shares account. The following is from the Truth-in-Savings disclosure that...

Tennessee-based Community Bank’s rewards checking account, Community Advantage Checking, has been part of the product line for more than nine years. The initial 3.10% APY on qualifying balances up to $20k was in effect for about four years before it was lowered to 2.08% APY. Qualifying balances >$20k earn 0.25% APY, with non-qualifying balances earning 0.26% APY (an unusually high rate for non-qualifying balances).

The monthly qualification requirements...

After more than ten years with a top rate of 1.25% APY, Axos Bank has lowered the top rate of its Rewards Checking account to 1.00% APY. In addition, the balance cap has been reduced from $150k to $50k, and major changes have been made to the requirements to qualify for the top rate. For existing customers, these changes take effect on October 1, 2021. For new customers, these changes are now in effect.

There are now a total of five requirements to qualify for the top rate (1.00%...

First Heritage Federal Credit Union’s (First Heritage) Kasasa Cash checking account currently earns 2.50% APY on qualifying balances up to $10k. Qualifying balances over $10k earn 0.20% APY, with non-qualifying balances earning 0.05% APY.

The monthly qualification requirements are fairly standard and include,

• At least 12 debit card purchases
• At least one direct deposit,...

Now through December 31, 2021 PSECU is offering a $250 bonus for new members who open a checking account. The following is a summary of the $250 Direct Bonus, as stated on the credit union's landing page.

This promotion is available to U.S. residents who are 18 years or older at the time of account opening, with only one promo code per member. In addition, “employees, agents...

The Kasasa Cash checking account offered by RiverFall Credit Union (RiverFall CU) currently earns 3.00% APY on qualifying balances up to $15k. Qualifying balances over $15k earn 0.25% APY, with non-qualifying balances earning 0.10% APY. The Kasasa Cash account was added to the product line in October 2018, with an initial 2.00% APY on qualifying balances...

Illinois-based Consumers Credit Union debuted its Smart Saver account about two years ago. The initial 2.00% APY lasted about eight months before it was lowered to 1.50% APY in May 2020. As you might expect from such a competitive rate, there's an important limitation, a maximum monthly deposit of $1k. On the plus side, there's no...

First Community Credit Union (FCCU) began offering Kasasa brand products about eight years ago. The Kasasa Cash account’s initial 2.50% APY on qualifying balances up to $25k is still in effect. Qualifying balances greater than $25k earn 0.15% APY, with non-qualifying balances earning 0.02% APY.

The monthly qualification requirements are easily met...