Rewards Checking
Heard the news free checking is going away? Not at Raritan Bay. In fact, our checking account will pay you just for using it. We pay you to use our debit card wherever possible, too!
Meet the simple monthly qualifications and this free checking account earns 2.25% APY* and nationwide ATM fee refunds.* Even if you don't qualify, you still earn our base rate. Get more from checking with RBFCU.
- Summary
- 2.25% APY* on balances up to $10,000
- 0.50% APY* on amount of balance over $10,000
- 0.01% APY* on all balances if qualifications are not met
- 1.01% APY on balances up to $10,000 in your Saver Account when you qualify for Rewards Checking
- Unlimited nationwide ATM fee refunds*
- Never a monthly service fee
- No minimum balance requirement
- Free identity theft protection
- Free online banking
- Free online bill pay
- Free eStatements
- Free 24/7 Teller Phone
- Overdraft protection available
- $25 minimum to open
- Federally insured by NCUA up to $250,000
Check out our Rewards Checking Site for more information.
Qualifications:
You'd think rewards this big would have difficult qualifications. But that's not the Raritan Bay way. Simply do the following each monthly qualification cycle:
- Access online banking at least once
- Receive and review free eStatements
- Have at least one direct deposit or automatic payment (ACH) from your account post and clear per monthly qualification cycle
- Have at least 10 signature-based debit card transactions post and clear per monthly qualification cycle
That's it. Odds are you're already qualifying without even trying. But if you miss one month, don't worry. The account is always free and you can get back to earning the premium rewards the very next month.
*Minimum to open account is $25 for Rewards Checking and $25 for Saver. Annual Percentage Yield (APY) accurate as of 11/1/2011. Rewards Checking rate tiers are as follows: 2.25% APY applies to balances of $0.01 - $10,000.00 and 0.50% APY applies to balances over $10,000.00 if qualifications are met during monthly qualification cycle 0.01% APY applies to all balances if qualifications are not met. All balances will earn 2.25% APY – 0.50% APY if qualifications are met. The advertised Rewards Checking APY is based on compounding dividends. The dividends earned in Rewards Checking are automatically transferred to Saver each statement cycle and do not compound. The actual dividends paid may be less than the advertised APY. The Saver APYs may be less than the Rewards Checking APYs. Saver rate tiers are as follows: 1.01% APY applies to balances of $0.01 - $10,000.00 and 0.50% APY applies to balances over $10,000.00 if qualifications are met during monthly qualification cycle on Rewards Checking. 0.01% APY applies to all balances if qualifications are not met on Rewards Checking. All balances will earn 1.01% APY – 0.50% APY if qualifications are met on Rewards Checking. Qualifying transactions must post and clear Rewards Checking during monthly qualification cycle. Transactions may take one or more banking days from transaction date to post to an account. Intra-bank transfers do not count as qualifying transactions. Rates may change after account is opened. Fees may reduce earnings. ATM Fee refunds (Rewards Checking account only) provided only if qualifications are met within monthly qualification cycle.
