First Choice Rewards Savings
Make the most of your Rewards earnings and ATM fee refunds* with this free high interest savings account. With this account, your rewards are transferred here each monthly qualification cycle, where they earn interest.
- $1 minimum deposit to open First Choice Rewards Savings
- $50 minimum deposit to open First Choice Rewards Checking
- 0.50% APY* on balances up to $5,000
- 0.50% to 0.07% APY on balances over $5,000 depending on balance in account*
- 0.01% APY* on entire balance if qualifications are not met
- No monthly service fees or minimum balance required to earn rewards
- Free online banking with bill pay
- Free eStatements
- Free debit card with nationwide ATM network
- Free TeleBanc phone banking at 800.462.6694
- Free mobile banking
- Automatic transfers from First Choice Rewards Checking Account
In order to earn the First Choice Savings Rewards, simply meet the First Choice Rewards Checking qualifications each monthly qualification cycle:
- Have at least 10 debit card purchases post and settle
- Have at least one direct deposit, automatic payment (ACH), or bill pay transaction post and settle
- Be enrolled and receive eStatement notice
If you don't qualify, you will still receive our base rate, and can get the savings rate back the very next cycle.
*APY=Annual Percentage Yield. APYs accurate as of 11/16/2016. Rates may change after account is opened. Minimum to open is $50 for First Choice Rewards Checking and $1.00 for First Choice Rewards Savings. For First Choice Rewards Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM surcharge fees imposed from other U.S. Financial Institutions incurred during qualification cycle will be reimbursed (checking account only) and credited to account on the last day of monthly statement cycle. ATM transaction fees imposed from First National Bank for using a non-First National Bank ATM incurred during qualification cycle will be reimbursed (checking account only) and credited to account on the last day of the next monthly statement cycle. All ATM fee reimbursements limited up to $20 per monthly statement cycle (2) balances up to $10,000 receive APY of 2.05%; and (3) balances over $10,000 earn 0.20% interest rate on the portion of the balance over $10,000, resulting in a range of 2.05% - 0.37% APY depending on the balance. If qualifications are not met on First Choice Rewards Checking all balances earn 0.01% APY. Qualifying transactions must post to and settle First Choice Rewards Checking account during monthly qualification cycle. Transactions may take one or more business days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. The advertised First Choice Rewards Checking APY is based on compounding interest. Interest earned in First Choice Rewards Checking is automatically transferred to First Choice Rewards Savings each statement cycle and does not compound. Actual interest amount paid may be less than advertised First Choice Rewards Checking APY. The First Choice Rewards Savings APYs may be less than First Choice Rewards Checking APYs. If qualifications in First Choice Rewards Checking account are met each monthly qualification cycle: (1) balances up to $5,000 in First Choice Rewards Savings account receive an APY of .50%; and (2) balances over $5,000 in First Choice Rewards Savings account earn 0.05% interest rate on portion of balance over $5,000, resulting in a range of .50% - 0.07% APY depending on the balance. If qualifications are not met in First Choice Rewards Checking, all balances in First Choice Rewards Savings account earn 0.01% APY. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. Transfers between accounts do not count as qualifying transactions. Limit one account per Social Security Number.