Bonus Rate Checking and Savings: Accounts You Can Bank On
Choosing the right bank account requires thoughtful planning and a strong understanding of your short and long-term financial goals. With a variety of financial institutions, each offering several different accounts to choose from, this choice can feel overwhelming.
With that in mind, it’s important to research different bank accounts and to know how your accounts are rewarding you for saving and spending. Many banks claim to reward your smart money moves, but all too often, their checking and savings account benefits don’t make a significant impact on your finances. It’s important to choose an account that not only looks great on paper, but that also supports your goals.
Fortunately, SouthEast Bank’s checking and savings accounts offer benefits you can depend on. With Bonus Rate Checking and Savings accounts, you can earn competitive interest rates, enjoy a multitude of digital and mobile banking options, receive eStatements and more. Here’s how they work:
Bonus Rate Checking1
There’s no doubt that checking accounts are great. You can access your money with ease and sometimes even earn a small amount of interest with qualifying transactions. Here are a few reasons SouthEast Bank’s Bonus Rate Checking account could be right for you:
Competitive Annual Percentage Yield (APY)*
For starters, SouthEast Bank’s Bonus Rate Checking account could improve your APY*, meaning the yearly rate of return on your account. You could earn up to 2.01 APY* on balances up to $20,000.00 when you meet the required qualifications, which include enrolling in eStatements, making 15 debit card transactions and receiving a direct deposit or ACH debit.
SouthEast Bank also offers eStatements as a secure, eco-friendly way to access your account information when you need it. When you enroll in eStatements and meet the account’s required qualifications, you become eligible for the bonus rate. Additionally, the account’s monthly $3 paper fee doesn’t apply to customers enrolled in eStatements. Save money, save the planet and enjoy incredible convenience with this digital service.
Other Benefits of Bonus Rate Checking
Bonus Rate Checking account holders will also enjoy 24/7 fraud protection with SouthEast Verifi, as well as digital and mobile banking benefits. Through the bank’s online portal and mobile app, you can electronically deposit checks, view your account balances, transfer funds and more, from wherever you are.
Bonus Rate Savings2
Like Bonus Rate Checking, SouthEast Bank’s Bonus Rate Savings account is designed to offer a competitive APY* and exceptional benefits. Here are a few of the things you’ll love about this account:
The Bonus Rate Savings account provides up to 2.01% APY* on balances up to $10,0002, as well as an effortless way to save with Round Up3 Savings. Round Up3 Savings is a feature that automatically rounds up each debit card transaction to the nearest dollar, depositing the change into your Bonus Rate Savings account. This benefit offers an additional simple, secure way to grow your savings with everyday transactions.
Unlike some savings accounts, Bonus Rate Savings is flexible and user-friendly. It offers unlimited withdrawals at the ATM or teller window and can be easily opened with a minimum deposit of $100. As an added benefit, SouthEast Bank offers access to more than 55,000 Allpoint Network ATMs nationwide, so you can bank at your convenience.
Secure, 24/7 Account Access
Like Bonus Rate Checking, Bonus Rate Savings also includes SouthEast Verifi fraud protection and online and mobile banking options. Banking has never been easier with these convenient, rewarding accounts.
SouthEast Bank’s Bonus Rate Checking and Savings accounts help make your money work for you. It’s as simple as that. You can find out more about Bonus Rate Checking here, and check out Bonus Rate Savings here.
Note: Links to other websites or references to services or applications are provided as a convenience only. A link does not imply SouthEast Bank’s sponsorship or approval of any other site, service or application. SouthEast Bank does not control the content of these sites, services or applications.
Terms and Conditions:
*APY= annual percentage yield. Rates are variable and subject to change. APYs are accurate as of 08/10/2020. Fees may reduce earnings. Some Fees and restrictions apply.
1 To earn the bonus rate, each month the account must be enrolled in eStatements, post and clear at least 15 debit card transactions, and receive at least one direct deposit or ACH debit. If all qualifications are met during the statement cycle, 2.01% APY on balances of up to $20,000 and a .20% APY on balances over $20,000 will be credited. If bonus qualifications are not met during the statement cycle, a .05% APY of the balance will be credited. Interest earnings are based on daily collected balances and are credited monthly to the account. Qualifying transactions include point of sale or online purchases using the SouthEast Bank debit card. ATM and cash-only transactions do not qualify towards minimum debit card transaction amount. Limit one Bonus Rate Checking account per primary owner tax ID.
2 To earn the bonus rate, the account holder must have a SouthEast Bank checking account, the Bonus Rate Savings account must be enrolled in eStatements and 20 Round Up Savings transactions3 must occur. If all qualifications are met during the statement cycle, 2.01% APY will be applied on the balances up to $10,000 and .20% APY on balances over $10,000 will be credited. If bonus qualifications are not met during the statement cycle, 0.05% APY of the balance will be credited. Interest earnings are based on daily collected balances and are credited monthly to the account. Unlimited withdrawals at teller window or ATM and 6 pre-authorized withdrawals per month at no charge, including checks, ACH debits and online banking transfers; $10 fee for each thereafter. Fees may reduce earnings. Limit one Bonus Rate Savings account per primary owner tax ID.
3 Upon enrollment in Round Up Savings, SouthEast Bank will round up your qualifying transactions to the nearest dollar and transfer the difference from your checking account to your designated account. Qualifying transactions include point of sale or online purchases using the SouthEast Bank debit card. Both signature and pin transactions made with debit cards qualify for Round Up Savings. ATM and cash-only transactions do not qualify for Round Up Savings. All debit cards connected to the checking account will round up to your savings account. You must be an account owner on each checking and savings account you enroll. Round up amounts will be transferred separately throughout the day.