Reward Checking

Reward yourself with a free checking account that actually pays YOU! Receive an amazingly high interest rate with no minimum balance, plus ATM fee refunds nationwide, not just in the Tri-State area! And you can link this account to a Power Savings account for even more money in your pocket.

All we ask is that you do a few everyday things you most likely already do — things like using your debit card for purchases and have at least one direct deposit, automatic debit from a third party or online bill pay transaction post and clear each cycle. Rewarding yourself has never been easier! Open your free Power Checking account today!

Summary
  • Free, high-interest checking account that pays you!
  • 2.25% APY on balances up to $25,000, 0.10% APY on any portion of the balance greater than $25,000
  • 0.05% APY* if qualifications are not met
  • Domestic ATM fee refunds (up to $15)*
  • ATM fee refunds are only applicable when used with Power Checking account
  • Can link to high-interest Power Savings account
  • No monthly service charges
  • No minimum balance to earn rewards
  • Interest will be compounded and interest will be credited when the statement cycle ends**
  • Free online banking and bill pay
  • Free mobile banking
  • Free eStatements
  • Free debit card
  • Direct deposit available
  • $100 deposit to open account
  • FDIC insured

View our current rates.

Qualifications

Qualifications are so easy you're probably already doing them! To earn your rewards, simply do the following activities and transactions in your Power Checking account:

  • Have at least 15 debit card purchases, signature or PIN post and clear each cycle
  • Be enrolled in and receive eStatements
  • Have at least one direct deposit, automatic debit from a third party, or online bill pag transaction post and clear each cycle

View our qualification period calendar.

There is no need to worry if you don't meet the qualifications on any given cycle. You still get free checking and earn our base rate of 0.05% APY, and you get the opportunity to qualify again!

*Annual Percentage Yield (APY). Power Checking qualification cycles end on the fourth Wednesday of each month. On this day, transaction counts are finalized and interest is paid. Transactions that have posted and cleared are no longer in pending status. Any transactions pending when the Power Checking qualification cycle ends will not be included in the current cycle. Domestic ATM fees are refunded to the account once the Power Checking qualifications are met; if you have a linked Power Savings your ATM refunds will post directly to the Power Savings account. Daily Balance Method used to calculate interest on account. This method applies a daily periodic rate to the principal balance in the account each day. Rates are variable; please refer to our Deposit Rates for current rates. Fees may reduce earnings. When linked to Power Savings, the interest earned within Power Checking does not compound since it is automatically transferred to Power Savings. Rates are accurate as of April 1, 2019.

**When linked to Power Savings, the interest earned within Power Checking does not compound since it is automatically transferred to Power Savings. Transaction counts are finalized and interest is paid at the end of the monthly statement cycle. Transactions that have posted and cleared are no longer in pending status. Any transactions pending when the Power Checking qualification cycle ends will not be included in the current cycle. Domestic ATM fees are refunded to the account once the Power Checking qualifications are met; if you have a linked Power Savings your ATM refunds will post directly to the Power Savings account.

Residents within a 100-mile radius of Dubuque, Dyersville, or West Des Moines, Iowa only please.