4.00% APY* on balances up to $25,000
1.00% APY* on portion of balance over $25,000
In the modern world of marketing mumbo and giveaway gimmicks, we're trained to think, "What's the catch?" So we don't blame you for asking. Simply do the following each monthly qualification cycle:
Have at least 1 direct deposit or 1 automatic payment post and clear
Have at least 15 SWACU debit or credit card purchases post and clear
We figure the only person not already doing these is Montgomery Burns—and he's a cartoon character. But just in case you don't qualify, no worries. LUV Reward is still a free checking account earning interest at the base rate of 0.10% APY*.
Best of all, you can jump right back on that horse and earn the LUV Rewards the very next qualification cycle.
*Annual Percentage Yield (APY) accurate as of 11/1/09. Rate tiers are as follows: 4.00% Annual Percentage Yield (APY) applies to balances of $0.01 - $25,000, and 1.00% APY applies to balances over $25,000 if qualifications are met during the monthly qualification cycle. If you do not meet the qualifications per cycle, your account will still function as a no fee checking account earning base rate 0.10% APY; however it will not receive ATM refunds for that time period. All balances will earn 4.00% APY - 1.00% APY if monthly qualifications are met. Rates may change after the account is opened. Fees may reduce earnings. No Minimum Balance Required to earn rewards. However, you must deposit a minimum of $30 to open the account. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. **Nationwide (domestic) ATM Fee reimbursements provided only if qualifications are met within the monthly qualification cycle. Available to Personal Accounts only. No monthly service charge.