Interest Rewards
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Interest Rewards Checking
If you enjoy banking electronically and are interested in earning a higher yield on your funds, Interest Rewards Checking might be the right account for you!
Earn 4.06% APY* (Annual Percentage Yield) on the first $15,000 in your account when you use your debit card 25 times and have one direct deposit or automatic withdrawal during the statement cycle. Balances above $15,000 will earn .05% APY* when electronic banking criteria is met**.
Don't worry if you don't meet the qualifying criteria, you'll still earn interest at the current Interest Rewards Base Rate, currently at .02% APY*.
Account Features:
An interest-bearing account that pays a higher interest rate for banking electronically.
- No minimum balance
- No monthly fees
- Earns interest on daily balances, interest paid monthly
- Interest Rewards "special" rate of 4.06% APY* on balances up to $15,000 during each statement cycle when the following criteria is met:**
- One direct deposit OR one automatic withdrawal AND
- 25 debit card purchases per statement cycle
- Free online statements***
- Free debit card
To learn more about the benefits of Interest Rewards, call our Customer Service Center at (515) 232-5561 to speak with a Relationship Banker, stop by any of our branch locations or click the button below to open an account online.
Open New Account
| Description |
Interest Rate |
Annual Percentage Yield (APY) |
| Interest Rewards "Special Rate" (on balances up to $15,000, when qualifying criteria is met)** |
4.00% |
4.06% |
| Interest Rewards "Market Rate" (on balances over $15,000 when qualifying criteria is met)** |
.05% |
.05% |
| Interest Rewards "Base Rate" (on all balances when qualifying criteria is NOT met)** |
.02% |
.02% |
*APY is Annual Percentage Yield, is accurate as of 04/17/2025. Rates may change after account is opened. Fees could reduce earnings on the account. No minimum balance required to obtain APY. Personal accounts only. Opening deposit of $10 required.
**Interest Rewards Special Rate earned on balances up to $15,000 when you have one direct deposit or one automatic withdrawal, and 25 debit card purchases per statement cycle. Balances above $15,000 will earn interest at the Interest Rewards Market Rate. If electronic banking criteria is not met, all balances will earn at the Interest Rewards Base Rate.
***Paper statements available for $5/month
If you decide this isn't the right account for you, no problem! Check out our other Relationship Rewards Checking Accounts!