IDEAL Rewards Checking is the perfect everyday checking account for people who want to earn the highest available return on a no minimum balance account.
- Interest Bearing (Base Rate) with BONUS Rate Potential*
- ATM Fee Refund Potential (Up to $25)*
- No Monthly Fees or Per Check Fees
- Free MasterMoney® Card
- Free WBSB Online Banking with Online Bill Pay and e-Statement
*Requires monthly “qualifying activities” by account holder, see below.
APY (Annual Percentage Yield) Rates
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Guaranteed BASE Rate
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High Balance Rate
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0.20% APY
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0.30% APY
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6.01%APY
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This amount is credited and paid on the entire account balance when qualifying steps outlined below are not met within a specific statement cycle (month).
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This amount is credited and paid to the account for balances above $50,000 when the qualifying steps outlined below are met within a specific statement cycle (month).
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This amount is credited and paid to the account for balances up to $50,000 when the qualifying steps outlined below are met within a specific statement cycle (month).
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Required Monthly to “Qualify” for BONUS Rate and ATM Refunds
To “qualify” for the BONUS Rate, and for the ATM Fee Refund, for a specified statement cycle, each of the following Qualifying Activities must take place within that cycle period (month).
- The account’s MasterMoney® Card must be used in a credit or signature mode at least ten (10) times.
- The account’s West Bend Savings Bank Online Banking account must be accessed at least once.
- The account’s e-Statement must be accessed at least once.
- At least one (1) Direct Deposit into, or Automatic Payment from the account must occur.
Here’s What It Will Take To Set Up Your IDEAL Rewards Checking Account
The following simple actions will be taking place at the time you visit a WBSB office to set up your IDEAL Rewards Checking account. A WBSB representative will be able to guide you through this process.
- You will need a minimum deposit of $50.00 to open the account.
- You will have to provide a current email address for the account holder. (Current email address is required for monthly emailed notification of electronic statement availability)
- You will be setting up an Online Banking account at West Bend Savings Bank. (The IDEAL account may be added-to an existing Online Banking account if one already exists.)
- You will start the enrollment process for an e-Statement for the IDEAL account. (Only electronic statements will be provided for this account, no paper statements are available.)
- You will be setting up a Direct Deposit into, or Automatic Payment from, the IDEAL account within each statement cycle. (Pay checks, social security checks, rental payments, mortgage payments; at least one item per month. Please remember to bring appropriate information.)
Offer valid for Wisconsin residents only. Personal checking accounts only, no business/commercial or institutional accounts. All APY Rates are subject to change.
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