The only thing better than one great interest rate...is two! This high interest savings account is designed to make the most of your RealRewards Checking earnings without you having to do a thing.
Here's how it works: each qualification cycle your RealRewards interest earnings and ATM fee refunds are automatically transferred to this account where they can earn a rate of 0.50% Annual Percentage Yield (APY)*. That means you get maximum returns for the minimum amount of work. Who wouldn't want that?
- 0.50% APY* on balances up to $25,000.99
- 0.50% APY to 0.05% APY* on amount of balance over $25,000.99
- 0.01% APY* if qualifications are not met
- Rates may change after account is opened
- Linked to RealRewards Checking account
- 6 free withdrawals** per month; $10 each thereafter
- Free online banking
- Free eStatements
- Free telephone banking
- $250 deposit to open
There are no additional qualifications to receive the RealSaver rate--as long as you qualify for your RealRewards Checking APY* in a given qualification cycle, you automatically receive the RealSaver rate. The minimum activity required on the RealRewards Checking is as follows:
• Have at least 10 debit card purchases post and clear
• Have at least one recurring direct deposit or auto debit post and clear
• Receive free paperless eStatements
• Access online banking
If you don't meet the qualifications in your RealRewards Checking account, don't worry! You still get a savings account that earns the base rate of 0.01% APY*, and you can earn the higher rate the very next cycle you qualify.
*Minimum deposit to open RealRewards Checking account is $250.00 and $250.00 for RealSaver. Annual percentage yield (APY) accurate as of 6/3/13.
RealSaver rate tiers are as follows: 0.50% APY applies to balances of $0.01 - $25,000.99, and 0.50% APY - 0.05% APY applies to balances of $25,001.00 and over for each qualification cycle that the minimum activity is met on the RealRewards Checking account. 0.01% APY applies to all balances when minimum activity is not met during the qualification cycle on the RealRewards Checking account.
Qualifying transactions must post and clear the RealRewards Checking account during the qualification cycle. Transactions may take one or more business days from the transaction date to post and clear an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. RealSaver is available to personal accounts and is limited to one account per social security number.
The "statement cycle" is the first business day of the month through the last business day of the month. The "qualification cycle" is the period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current statement cycle. Therefore, the above mentioned minimum activity will be determined based upon transactions posted and cleared one day prior to the last business day of the month. Transactions posted and cleared on the last business day of the month will be counted toward minimum activity for the following qualification cycle.
**Transfers to another account or to third parties by telephone, draft, debit card, computer transfer or similar order to third parties are limited to six per month. If you exceed the transfer limitations set forth above in any statement period, your account may be subject to closure by Security Bank. Transfers and withdrawals made in person, by messenger, by mail or at an ATM are unlimited.