In order to achieve the full 1.25% APY interest rate, there are a few things you need to do. Receiving a total of more than $1,000 in direct deposits will earn you an interest rate of 0.3125% APY. Paying two bills with your online free banking each month, using your Rewards Checking Visa debit card once a month, and then an additional 6 times on normal every day purchases, will earn you an additional 0.3125% APY each for a total of 1.25% APY at the end of the month.
Rewards Checking isn’t just about the interest rate.With benefits like free online banking, and FinanceWorks, powered by Quicken, Bank of Internet Rewards Checking can help you manage and take control of your finances.
Other Rewards Checking benefits include unlimited ATM reimbursments, free MyDeposit for convenient deposits from your home or office, free person to person transfers with Popmoney, and overdraft protection. Bank of Internet will even take care of your first 50 pack of checks if you order them when you open your account. The best part is that it only costs $100 to get started and there are no maintenance fees or monthly minimums so your account stays free.
With fast, easy, and convenient online banking, Bank of Internet Rewards Checking is changing the way we think about banking. No more worrying about getting to the bank on time, because if you have a computer with internet access, you’re at the bank already. Visit Bank of Internet today and see how a Rewards Checking account can change the way you bank.