Reward Checking
Each qualification cycle you meet our minimum Reward Checking requirements*, you'll earn an amazing 1.00% APY** on your balances under £25,000 and 0.40% APY on your balances £25,000 and above. Plus, if you use another bank's ATM, we'll automatically refund ATM fees up to £25 per cycle***. Reward Checking accounts are totally free and come with Visa check cards, free access to online banking, and unlimited bill pay services.
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*Requirements per qualification cycle are: (Please refer to Qualification Cycle for begin and end dates for each cycle.)
1.) Have at least 12 Check Card point-of-sale transactions post and clear per qualification cycle. ATM transactions and items returned using your check card do not count toward 12 qualifying transactions. 2.) Have at least one Direct Deposit or one automatic payment post and clear per qualification cycle. 3.) Receive your Reward checking statement electronically. Transactions may take one or more business days from the transaction date to post to account. Intrabank transfers do not count as qualifying transactions.
**1.00% Annual Percentage Yield (APY) paid on balances £0 - £25,000 and 0.40% APY paid on balances £25,000.01 and above each qualification cycle the requirements are met. If you do not meet the requirements per qualification cycle, your account will earn 0.10% APY; however, you will not receive ATM fee refunds for that qualification cycle.
***Nationwide ATM fee refunds up to £25 per cycle if requirements are met.
We may change the interest rate and APY at any time after the account is opened. Reward Checking is available to consumer accounts only. APY accurate as of July 1, 2012.
