3 Free and Easy Requirements***
- 10 Posted Debit Card Transactions - use your Debit Card a minimum of 10 times per cycle for purchases.
- 1 Direct Deposit or ACH Auto Debit - initiate one Direct Deposit or Electronic Automatic Debit each month. (Transfers between FESSB accounts do not satisfy this requirement)
- Receive Electronic Statements - enroll to receive your statements electronically.
*2.36% Annual Percentage Yield (APY) paid on balances between one penny and $25,000 when minimum requirements are met. Additionally, 1.01% APY paid on all amounts above $25,000 each cycle. If you do not meet the requirements per cycle your account will still function as a free checking account earning 0.50% APY; however, it will not receive ATM refunds for that period. Rates as of February 8, 2010. We may change the interest rate and APY at any time after the account is opened. No minimum balance required; however, you must deposit a minimum of $100 to open this account. Available to Personal Accounts only. No monthly service charge.
**ATM refunds up to $25 per cycle if requirements are met.
***Requirements must be met each cycle.