Meet your checking account’s new sidekick.
Rewards Saver makes it easy to grow your savings. When you qualify for rewards from your Rewards Checking or Cash Back Checking those rewards are automatically deposited into your Rewards Saver account.* You can also add your own funds and make Rewards Saver your go-to savings account.
Your checking does the earning. Rewards Saver does the saving. Just like that, your rewards are working a little harder for you.
Open your account today and enjoy more from your everyday banking.
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3.00% APY*
on balances up to and including $50,000
- Earn 3.00% APY* on balances up to and including $50,000
- Earn 3.00% to 1.33% APY* on balances over $50,000 depending on balance in account
- Still earn 0.05% APY* on all balances, even if qualifications are not met in Rewards Checking or Cash Back Checking
- Automatically transfers rewards from Rewards Checking and Cash Back Checking accounts
- No monthly maintenance fee
- No minimum balance to earn rewards
- No minimum deposit to open
- Online & Mobile Banking
- Rewards Tracker in Online & Mobile Banking
It’s easy to earn rewards!
Qualifying for your Rewards Checking or Cash Back Checking rewards automatically qualifies you for the highest Rewards Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Rewards Checking or Cash Back Checking account during each Monthly Qualification Cycle:
Make at least 15 debit card purchases
(each greater than $5.00)
Be enrolled in and agree to receive free eStatements
Complete at least 1 direct deposit, ACH payment, or Bill Pay transaction
Miss a month? No problem. Even if you don't meet your qualifications during the cycle, your account is still free. Plus, you'll still earn our base dividend rate. And you can get right back to earning your full rewards the very next month.
| Balance | Annual Percentage Yield |
|---|---|
| $0 to $50,000 | 3.00% |
| $50,000.01 + | 0.50% |
| All balances if Rewards Checking or Cash Back Checking qualifications are not met | 0.05% |
Track your progress with our Rewards Tracker.
No need to guess if you’re going to get rewarded. This free tool makes it easy to see when you meet your Reward Checking qualifications. You can access your Rewards Tracker anytime in Online and Mobile Banking. Just log in and follow the link.
- Track Your Progress: Monitor your activity toward qualifying for rewards.
- View Cycle Dates: See the start and end dates for your reward periods.
- See Monthly Rewards: Review the rewards you've received each month.
Monthly Qualification Cycle
The monthly qualification schedule includes the last day of the prior month through the second to last day of the current month.
View monthly qualification cycle
See Where Your Savings Could Go
With Rewards Saver, your savings can grow automatically. When you qualify for rewards through your Rewards Checking or Cash Back Checking account, those rewards are automatically deposited into your Rewards Saver account. Plus, you can add your own funds anytime, giving your savings even more opportunity to grow over time.
Use this calculator to see how your savings could grow based on your starting balance, additional contributions, interest rate and how long you save. Interest is compounded monthly.
Disclaimer
While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.
Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.
The above disclaimer pertains to Members First Credit Union and all Members First’s partners.
