Qualification Cycles.

While our statement cycles begin the first day or 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 last day of each qualification cycle.

Qual Start Qual End
04/29/2017 05/30/2017
05/31/2017 06/29/2017
06/30/2017 07/30/2017
07/31/2017 08/30/2017
08/31/2017 09/29/2017
09/30/2017 10/30/2017
10/31/2017 11/29/2017
11/30/2017 12/29/2017


All accounts subject to credit and eligibility approval.

Simply Rewards Checking Cash

*APY=Annual Percentage Yield. APYs accurate as of 12/11/17. 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 through 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 ($5.00 maximum per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.01%; and (3) balances over $10,000 earn 0.50% interest rate on the portion of the balance over $10,000, resulting in 2.01% - 0.64% 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 12/11/17. Rates may change after account is opened. Saver account must be opened with a Simply Rewards Checking-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 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 through 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 $50,000 receive APY of 1.01% and balances over $50,000 earn 0.10% interest rate resulting in an APY for this tier ranging from 1.01% to .40%, depending on the account’s balance.

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