Fancy that — a free checking account that actually pays up to 2.00% APY.* Go ahead and open yours online now.
- Really High Interest
- Refunds on ATM Withdrawal Fees*
- No Monthly Maintenance Fees
- No Minimum Balance Requirements
- Free checking that pays high interest
- 2.00% APY* on balances up to $25,000
- 2.00% to 0.60% APY on balances over $25,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $20 monthly)*
- Link to free Cash Rewards Savings Account to build savings automatically
- No minimum balance to earn rewards
- No monthly maintenance fee
- Free debit card
- Free digital banking, including:
- Online banking
- Mobile banking
- Surcharge-free ATMs also available
- $100 minimum deposit to open
And it’s so darn easy to earn your rewards.
In fact, you’re probably already doing it. Enrollments must be in place and all of the following transactions and activities must post and settle to your Cash Rewards account during each Monthly Qualification Cycle:
- At least 1 ACH credit or ACH payment transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
- Be enrolled in and log into online banking
And if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.
"Monthly Qualification Cycle" means a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle.
See our website at www.nokomissavings.com or contact our bank for specific Monthly Qualification Cycle dates.
When your Cash Rewards account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $25,000 in your Cash account earn an interest rate of 1.96% resulting in an APY of 2.00%; and daily balances over $25,000 earn an interest rate of 0.25% on the portion of the daily balance over $25,000, resulting in a range from 2.00% to 0.60% APY depending on the account's daily balance.
You will receive reimbursements up to an aggregate total of $20.00 for nationwide ATM withdrawal fees incurred within your Cash account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction.
When your Cash qualifications are not met, the interest rate earned on the account's entire daily balance will be 0.05% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded.
Interest will be credited to your Cash account on the last day of the current statement cycle.
Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 07/25/2021.
APY calculations are based on an assumed balance of $25,000 + $100,000 in your Shazam Cash Rewards account and an assumed statement cycle of thirty-one (31) days.
Rates, rewards, and bonuses, if any, are variable and may change after account is opened without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
$100.00 minimum deposit is required to open the account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications.
Limit of 1 (one) account(s) per household.
There are no recurring monthly maintenance charges or fees to open or close this account.
Advertised information and rewards are based on all account qualifications being met during each cycle period.
Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.