Free Peoples Reward Checking


Earn 2.53% APY* with our high-yield Peoples Reward Checking account. It's a free account - no monthly fees and no minimum balance. You can also receive free nationwide ATMs. Qualifying is simple and easy.   Open this account online by clicking the "Open an Account" button to get started.

To earn 2.53% APY* and receive free nationwide ATMs, perform 3 free and easy requirements each qualification cycle:

  • 10 Debit Card Purchases(excludes ATM transactions) post & clear per qualification cycle
  • 1 Direct Deposit or 1 ACH Auto Debit post & clear per qualification cycle
  • Receive Electronic Statement

Account Features:

  • 2.53% APY* e-rate+ on balance up to $20,000
  • .40% APY* e-rate+ on balances over $20,000
  • .25% APY* base rate if qualifications are not met
  • Free nationwide ATMs
  • No monthly fees
  • No minimum balance
  • Free Internet Banking
  • $50 minimum deposit to open account

*Annual Percentage Yield

+2.53% Annual Percentage Yield (APY) paid on balances between $0 and $20,000, and .40% APY paid on all amounts above $20,000 each cycle the minimum requirements are met. All transactions-debit card purchases and ACH (direct deposit or auto debit) must be posted and cleared to the account during the qualification cycle to qualify. If you do not meet the requirements per cycle, your account will still function as a free checking account earning .25% APY, however it will not receive ATM refunds for that time period. Rates as of 11/01/11. We may change the interest rate and APY at any time after the account is opened. No minimum balance required. However you must deposit a minimum of $50 to open this account. Available to personal accounts only. No monthly service charge.