The Rewards Checking account is special account that gives you control over your annual percentage yield statement cycle. This is a tiered and variable rate account meaning your interest rate, or annual percentage yield, and tiers may change depending on your participation. This is what makes the Rewards Checking account what it is, the more do the more interest you get.
Bank of Internet USA will determine the combined products and services that you used after the previous cycle and apply the aggregate interest rate to your current statement cycle. It is time to join a bank that rewards you. Some of the activities that can earn you a higher interest rate include paying bills online, having a direct deposit totaling $1,000 or more and using your debit card multiple times. The more you use your debit card the better your interest rate will be.
Although you will not earn any interest if you do not participate, you can still enjoy the features of the Rewards Checking account such as:
Free online banking with free Bill Pay, mobile banking, email and text messaging alerts
Free Person to Person Transfers Popmoney
Free online images of checks and statements
Free FinanceWorks™ powered by Quicken, an easy budgeting tool available to Rewards Checking customers
Free postage-paid envelopes
Free online transfers
For more information call the oldest and most trusted internet bank at 1-877-541-2634