WBT Interest Checking
Take back your banking — WBT Interest Checking pays you in ways that matter! Earn up to a high 0.60% APY* on your balance just for doing easy banking activities you probably do anyway, like receiving e-statements.
Even better? Get refunds on ATM fees, nationwide — that’s right, nationwide. So you can make any ATM your own and never be left without cash in-hand (only when qualifications are met).
- Checking that pays high interest
- Account fee of $5 per monthly statement cycle waived if e-statements activated
- $100 minimum deposit to open
- Earn rewards when qualifications are met during each monthly qualification cycle*.
- Refunds on ATM fees nationwide
- 0.60% APY** on balances up to $30,000
- 0.60% - 0.25% APY on balances over $30,000
- No minimum balance to earn rewards
It’s Easy to Earn Your Rewards!
To earn your rewards, just do the following transactions and activities in your WBT Interest Checking account during each Monthly Qualification Cycle:
- Have at least 1 direct deposit or automatic payment (ACH) post and settle
- Have at least 15 debit card purchases of $5 or more post and settle
- Be enrolled in and agree to receive e-Statement notice
- Be enrolled in and log into online banking
That’s it! And don't worry if you don't meet the qualifications one month — you still earn a bit of interest, and you can go back to earning high interest and ATM fee refunds during the next monthly qualification cycle.
To earn your rewards, the following enrollments must be in place and all transactions and activities must post and settle to your WBT Interest account during each Monthly Qualification Cycle: (1)At least 1 direct deposit or ACH payment (use of routing number and account number to complete a transaction). (2)Receive E-statements. (3) Log into online banking. (4) At least a combined total of 15 debit card purchases, with each transaction of $5.00 or more. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases less than $5.00, debit card purchases processed by merchants and received by our bank as ATM transactions. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards.“Monthly Qualification Cycle” runs concurrent with the monthly statement cycle. The monthly statement cycle and the monthly qualification cycle end on the 18th of each calendar month. Should the 18th calendar day fall on a non-business day, the monthly statement cycle and the monthly qualification cycle will end on the business day preceding the 18th. The next monthly statement cycle and monthly qualification cycle begin on the business day following the end of the previous month's cycle. A business day is defined as Monday-Friday, excluding federal holidays.
If qualifications are met during each Monthly Qualification cycle: (1) Domestic ATM fees of $4.99 or less that are incurred during the qualification cycle will be reimbursed up to a maximum of $20. An ATM receipt must be presented for reimbursements of individual ATM withdrawal fees of $5.00 or higher. (2) Daily balances up to and including $30,000 in your WBT Interest account earn an interest rate of 0.60% resulting in an APY* of 0.60%; and daily balances over $30,000 earn an interest rate of 0.10% on the portion of the balance over $30,000, resulting in a range from 0.60% to 0.25% APY depending on the account balance. Interest and ATM fee reimbursements will be credited to the account on the last day of the current statement cycle. When your WBT Interest account qualifications are not met, the interest rate earned on the account’s entire balance will be 0.05% resulting in an APY of 0.05% and ATM withdrawal fees are not refunded. No minimum balance is required to earn or receive the account’s rewards. Rewards less than a penny cannot be distributed. You will automatically qualify for the account’s rewards during your account’s first statement cycle. If the account is closed before rewards are credited, you will forfeit the rewards.
**APY = Annual Percentage Yield. APYs accurate as of 02/01/2021. APY calculations are based on an assumed balance of $100,000 in your WBT Interest account and an assumed statement cycle of thirty (30) days. Rates may change after account is opened without notice to you.
Account approval, conditions, qualifications, limits, time frames, enrollments, log-ons and other requirements apply. A $100 minimum deposit is required to open the WBT Interest account. Limit of 1 account per Social Security Number (SSN). There will be a recurring Account Fee of $5 each monthly statement cycle that will be waived if you receive E-statements during the monthly statement cycle. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account.