High Interest

• 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.

• 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. 

Each monthly statement cycle.

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.

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

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. 

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

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. 

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

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

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.

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

• 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.

Yes.

No, domestic only.

Yes, as long as the qualifications are met.

Yes, of course!

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.

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

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.

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.

Yes.

Yes.

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

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.

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

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

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.

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

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.

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.

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.

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

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.

No.

$25.

Yes.

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

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

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

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

No.

No.

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.