GET REWARDED WITH PREMIUM INTEREST

Earn more while doing exactly what you're already doing - using your debit card, reviewing your statements online and receiving a direct deposit. Our High Interest account works for you, when you meet the simple monthly qualifications.

REWARDS YOU'LL LOVE...

5.00% APY on balances up to $20,000

5.00% to 1.18% APY on amounts of balance over $20,000

0.01% APY if qualifications are not met

ATM fee refunds up to $20 per month*

High Interest Checking - Page Content Icon

STEP 1

Enroll in and receive E-statements.

High Interest Checking - Page Content Icon

STEP 2

Have at least one ACH debit or credit.

High Interest Checking - Page Content Icon

STEP 3

Make at least 15 debit card purchases.*

High Interest Checking - Page Content Icon

STEP 4

Enjoy your new account and start earning rewards!

Features of high-interest-checking

Credit Score Icon

Credit Score

ID Theft Protection Icon

ID Theft Protection

Monthly Foreign ATM Fee Refunds, up to $20 Monthly* Icon

Monthly Foreign ATM Fee Refunds, up to $20 Monthly*

Interest Earned Icon

Interest Earned

Only $25 to Open Icon

Only $25 to Open

Card Text Alerts Icon

Card Text Alerts

Check Writing Icon

Check Writing

ADDITIONAL HIGH INTEREST CHECKING BENEFITS

Monthly Maintenance Fee

$12

Or $0 with an average daily balance of $2,500

*Details

Annual Percentage Yield (APY) is accurate as of September 19, 2024. Rates may change after account is opened. If qualifications are met each monthly qualification cycle: (1) we will refund domestic ATM fees of $4.99 or less, up to an aggregate amount of $20.00; (2) balances up to $20,000 receive APY of 5.00%; and (3) balances over $20,000 earn 0.25% interest rate on portion of balance over $20,000, resulting in 5.00% - 1.18% APY depending on the balance. If qualifications are not met, all balances earn 0.01% APY. Fees may reduce earnings. Qualifying transactions must post and settle to the account during monthly qualification cycle. Transactions may take one or more banking days from the date the transaction was made to post and settle to the account. We reserve the right to limit the number of accounts per household.

  • What are the rewards of High Interest Checking? Expand Icon

      • 5.00% Annual Percentage Yield (APY) on balances up to $20,000.
      • 0.25% APY on portions of balances over $20,000.
      • 0.01% APY on non-qualifying balances (if you don't meet the qualifications)
      • Domestic ATM fees of $4.99 or less, up to an aggregate amount of $20, are automatically refunded at the end of your statement cycle, provided that all qualifications have been met.
  • What are the monthly statement cycle qualifications to receive the rewards on this account? Expand Icon

      • Make 15 debit card transactions per monthly statement cycle (purchases must be posted, not pending - excludes ATM transactions).
      • Set up one or more ACH debit or credit.
      • Enroll in and receive electronic statements. 
  • How often must the qualifications be met to earn the high rate of interest? Expand Icon

    • Each monthly statement cycle.

  • What happens if I do not meet the qualifications for the high rate of interest? Expand Icon

    • You can start over next monthly statement cycle to earn the rewards. Interest will be paid at the base rate of 0.01% APY on your balance.

  • Are there any monthly service charges? Expand Icon

    • If you maintain an average daily balance of $2,500, the $12 monthly service charge is waived.

  • How does the tiered interest rate for High Interest Checking work? Expand Icon

    • If you meet the qualifications, you will receive 5.00% APY on balances up to $20,000 and .25% APY on balances over $20,000. If you do not qualify, you will earn the base rate of 0.01% APY on your entire balance. 

  • Can the APY change on my High Interest Checking account? Expand Icon

    • Yes, all rates on High Interest Checking may change at KANZA Bank's discretion.

  • Is this just a "teaser" rate? Expand Icon

    • No, this is a high Annual Percentage Yield account. However, High Interest Checking rates may fluctuate from time to time at KANZA Bank's discretion. 

  • How is the interest calculated? Expand Icon

    • Daily Balance Method. This method applies a daily periodic rate to the principal in the account each day.

  • If I meet the qualifications, when will I receive my rewards? Expand Icon

    • Interest is paid monthly and posted on the last day of the statement cycle.

  • If I use another financial institution's ATM and pay a fee, when will I get my refunds? Expand Icon

    • If the qualifications are met, domestic ATM fees $4.99 or less, up to an aggregate amount of $20 will be refunded on the last day of the monthly statement cycle.

  • Do I have to do anything in order to get my ATM fee refunds? Expand Icon

    • No, other than meeting the qualifications. ATM refunds are automatically paid on the last day of your monthly statement cycle.

  • How will I know that I have qualified for my rewards at the end of the monthly statement cycle? Expand Icon

      • You will receive an email stating whether or not you met the qualifications each monthly statement cycle.
      • You can log into online banking to review your account activity and confirm that you have met the minimum account qualifications at any time.
  • Will High Interest Checking customers receive a 1099 at the end of the year reflecting interest earned? Expand Icon

    • Yes.

  • Are fees refunded on ATMs used internationally? Expand Icon

    • No, domestic only.

  • If my account balance goes negative, will I still be able to qualify for my rewards during that monthly statement cycle? Expand Icon

    • Yes, as long as the qualifications are met.

  • If I fail to meet the qualifications during this monthly statement cycle, can I still have a chance to qualify during the next monthly statement cycle? Expand Icon

    • Yes, of course!

  • What if my new debit card doesn't arrive until late in the monthly statement cycle and I don't have time to earn my first month's rewards? Expand Icon

    • KANZA Bank waives the qualification requirements during your first statement cycle. You will receive your rewards for the first cycle that you have the account even if you don't meet the qualifications.

  • If I miss my qualifications by only one transaction, can I call in and get my interest and ATM refunds anyway? Expand Icon

    • No, You will still earn 0.01% APY. You will have the chance to meet the qualifications again next month.

  • What is the monthly statement cycle for High Interest Checking? Expand Icon

    • The monthly statement cycle begins on the 17th of each month. A typical monthly statement runs from the 17th of the current month to the 16th of the following month.

  • What is the qualification cycle? Expand Icon

    • The qualification cycle is the period beginning one business day prior to the current statement cycle through one business day prior to the close of the current statement cycle. A typical monthly qualification cycle runs from the 16th of the current month to the 15th of following month.

  • Will all High Interest Checking customers be on the same monthly statement cycle? Expand Icon

    • Yes.

  • If an existing customer is moved to a High Interest Checking account, will his/her statement cycle change? Expand Icon

    • Yes.

  • If I use my debit card at an ATM, will that transaction count towards my qualifications? Expand Icon

    • No. Only POS (point-of-sale) transactions count and they must be posted to the account.

  • What is a “settled transaction”? Expand Icon

    • A settled transaction is one that has posted to your account. When you use your debit card, the merchant places a memo hold on your account in the amount of your purchase. It can take up to three business days before the transaction posts or clears.

  • May I “carry forward” debit card purchases in excess of the required number to the next monthly statement cycle? Expand Icon

    • No, each monthly statement cycle you must meet all three qualifications.

  • Will the purchases from this monthly statement cycle on my old account count towards the required purchases for this monthly statement cycle on my High Interest Checking account? Expand Icon

    • Since KANZA Bank waives the first monthly statement cycle qualifications, this will not apply.

  • Must I access my electronic statement online in order to qualify for the rewards? Expand Icon

    • No, you must accept electronic delivery with a valid e-mail address. You don’t have to look at it, but we strongly recommend that you review your statement to properly reconcile to your check register.

  • Do I receive images or checks back with my High Interest Checking account? Expand Icon

    • Yes, check images are available for viewing or download with your electronic statement.

  • Can I have a High Interest Checking account if I don’t own a computer? Expand Icon

    • Yes, of course! You don’t have to own a computer, but you must provide a valid e-mail address for notification of availability of each electronic statement.

  • What if I need a printed copy of my statement and/or check image? Expand Icon

    • You can print a check or statement from your computer. Additionally, KANZA Bank keeps records of all statements and checks as required by state and federal laws.

  • What if I change my e-mail address? Expand Icon

    • You must notify the bank when your e-mail address changes so that we can deliver your notification of your statement availability. Most likely, failure to notify the bank will result in not meeting the monthly qualifications.

  • What if I don’t want my statement delivered electronically? Expand Icon

    • Electronic statement delivery is a qualification for all High Interest Checking accounts. Delivery of paper statements is not an option, to receive rewards.

  • Is there a limit on the amount of money I can keep in my High Interest Checking account? Expand Icon

    • There is no limit to the amount you put into your account. Feel free to consolidate savings, CDs, and accounts at other instiutions into this account.

  • Is there a minimum balance requirement in order to receive my rewards? Expand Icon

    • No.

  • What is the minimum opening balance for a High Interest Checking account? Expand Icon

    • $25.

  • Is overdraft protection available for High Interest Checking accounts? Expand Icon

    • Yes.

  • Will I be able to use my existing debit card and checking account number with my High Interest Checking account? Expand Icon

    • Yes, if your account is already a KANZA Bank account, everything will remain the same.

  • How do I convert my current checking account to a High Interest Checking account? Expand Icon

    • Call or drop by one of our branches and talk with a KANZA Bank representative about converting your account to High Interest Checking.

  • Can I open a High Interest Checking account over the phone? Expand Icon

    • We prefer for you to come in to a branch or apply online.

  • Can I open multiple High Interest Checking accounts? Expand Icon

    • High Interest Checking accounts may be limited to one per customer. 

  • Can a DBA use this account? Expand Icon

    • No.

  • Can this be used as a business, trust or conservatorship account? Expand Icon

    • No.

  • If I am converting an account that accrues interest to a High Interest Checking account, do I need to wait until the interest posts on the first account before closing? Expand Icon

    • If you convert an existing interest-bearing account to High Interest Checking, you will be paid the interest earned up until the date you convert your account to High Interest Checking. Once you convert your account, you will be eligible for the new interest rates.

READY TO OPEN AN ACCOUNT?

Simply your banking with KANZA Bank! Open an account with us today. 

Disclosures