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Qualification Cycles

While our statement cycles begin the first day of the month and end on the last day of the month, the qualification cycles for Simply Rewards Checking are different. The dates below illustrate the first and the last day of each qualification cycle.

Qual Start

Qual End

11/29/2020

12/30/2020

12/31/2020

01/29/2021

01/30/2021

02/26/2021

02/27/2021

03/30/2021

03/31/2021

04/29/2021

04/30/2021

05/28/2021

05/29/2021

06/29/2021

06/30/2021

07/30/2021

07/31/2021

08/30/2021

08/31/2021

09/29/2021

09/30/2021

10/29/2021

10/30/2021

11/29/2021

11/30/2021

12/30/2021

All accounts subject to credit and eligibility approval.

Simply Rewards Checking Cash

*APY=Annual Percentage Yield. APYs accurate as of 9/13/21. Rates may change after account is opened. Minimum to open is $100. Fees could reduce earnings.

To meet the qualification requirements, the following transactions and activities must post and settle to your account during the Monthly Qualification Cycle; at least 15 debit card purchases, at least one preauthorized ACH debit or credit, and be enrolled in and receive eStatements. Transactions may take one or more banking 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 day prior to the first day of the current statement cycle though one day prior to the close of the current statement cycle. The Monthly Qualification Cycle is not the same as the Statement Cycle.

If qualifications are met each monthly qualification cycle; (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($5 maximum per single transaction) and credited to account on the last day of the monthly statement cycle; (2) balances up to $5,000 receive APY of 1.01%; and (3) balances over $5,000 earn 0.25% interest rate on the potion of the balance over $5,000, resulting in 1.01% - 0.29% APY depending on the balance.

If qualifications are not met on Simply Rewards Checking – Cash all balances earn 0.01% APY and ATM fees are not reimbursed.

Simply Rewards Checking Cash with Saver

*APY=Annual Percentage Yield. APYs accurate as of 9/13/21. Rates may change after account is opened. Saver account must be opened with a Simply Rewards-Cash account as a product bundle. Interest earned and ATM fee refunds paid to the Simply Rewards Checking-Cash is automatically transferred to Simply Rewards-Saver each statement cycle. Minimum to open is $100 for Simply Rewards Checking-Cash and $5.00 for Simply Rewards-Saver. Fees could reduce earning.

To meet the qualification requirements, the following transactions and activities must post and settle to your account during the Monthly Qualification Cycle; at least 15 debit card purchases, at least one preauthorized ACH debit or credit, and be enrolled in and receive eStatements. Transactions may take one or more banking 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 day prior to the first day of the current statement cycle though one day prior to the close of the current statement cycle. The Monthly Qualification Cycle is not the same as the Statement Cycle.

Saver: If qualifications are met each monthly qualification cycle balance up to $20,000 receive APY of 0.25% and balances over $20,000 earn 0.10% interest rate resulting in an PY for this tier ranging from 0.25% to 0.13%, depending on the account’s balance.

If qualifications are not met during the monthly qualification cycle, the APY is 0.01%.

**An Inactive Account Fee may apply after 12-months without activity.

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