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Make your money work harder for you.
- No monthly maintenance fees
- No minimum balance requirements
- 2.50% APY on balances up to $25,000 if qualifications are met1
- ATM withdrawal fee refunds up to $15 per statement cycle if qualifications are met
- Online & Mobile Banking with eStatements
- Visa Debit Card
Qualifications (per monthly statement cycle)
- 12 debit card purchases of $3 or more2
- 2 ACH debits or credits2
- Receive electronic statements via Online & Mobile Banking
If qualifications are not met during a statement cycle, there is still no monthly maintenance fee, and you will earn our base rate of interest. You will then be eligible to earn the full rewards again in the following statement cycle.
1*2.50% Annual Percentage Yield (APY) is accurate as of 9/30/2024. Interest rate and annual percentage yield may change. 2.50% APY (2.47% interest rate) on daily balance per statement cycle up to $25,000. Daily balances over $25,000 will earn .25% with an annual percentage yield of .25% on the portion over $25,000, resulting in a blended rate depending on the balance. If you do not meet the eligibility requirements during the qualification cycle, the interest rate paid on the entire balance will be .25% with an annual percentage yield of .25%. Fees may reduce earnings.
2Qualifying transactions must post and settle to the account during the statement cycle. Transactions may take one or more banking days from the date the transaction was made to post and settle. The following transaction types do not count toward reward qualifications: ATM withdrawals, Point of Sale (POS) credits, BillPay debits, internal transfers.
Frequently Asked Questions
What is PrimePays High Yield account?
PrimePays High Yield is a checking account designed to reward qualifying everyday banking activity by offering a competitive interest rate on balances up to a stated limit when monthly qualifications are met. Details are outlined in the account disclosures.
Are there monthly maintenance fees or minimum balance requirements?
No. PrimePays High Yield does not have monthly maintenance fees or minimum balance requirements.
How do I qualify to earn interest each statement cycle?
To qualify, customers must meet specific activity requirements during each statement cycle, including a minimum number of debit card purchases, qualifying ACH debits or credits, and enrollment in electronic statements through Online & Mobile Banking.
Is there a limit on the balance that earns interest?
A premium interest rate is paid on balances up to a specified maximum when qualifications are met, and a standard interest rate is paid on all balances in excess of that limit. Details are outlined in the account disclosures.
Are ATM fees refunded?
When qualifications are met, customers may be eligible for ATM withdrawal fee refunds up to a stated amount per statement cycle.
Does PrimePays High Yield include a debit card and online banking?
Yes. The account includes a Visa® debit card and access to Online & Mobile Banking with eStatements.
