Bonus Rate Checking
Expect More From Your Money
Introducing Bonus Rate Checking1, our highest-earning premium interest checking account offering up to 2.01% APY* on balances up to $20,000. With Bonus Rate Checking, you can be rewarded just for using your checking account as you’re already accustomed – direct deposits, e-statements, and routine debits. Even better, there’s no monthly service charge and no minimum monthly balance. How’s that for expecting more from your money?
Up to 2.01% APY*
On balances up to $20,0001
$100 Minimum to Open
No monthly service charge if enrolled in estatements
No Minimum Monthly Balance
Plus unlimited check writing
3 Easy Requirements for Our Highest Checking Interest Rate
Enroll in e-statements from SouthEast Bank
Make one ACH transaction or receive one direct deposit per month
Make at least 15 qualifying debit card transactions per month
It's good to know you're covered with SouthEast Bank online banking.
Bill Pay, Mobile Deposits and Peer-to-Peer Payments
SouthEast Bank Debit Card
SouthEast Verifi Fraud Protection and Alerts
Extended Customer Care Center Hours
Ready to earn over 30x the national average for interest checking?2
Paper statement fee of $3 assessed if not enrolled in eStatements; paper statement fee will be waived with a monthly average balance of $1,200
Frequently Asked Questions
What is an ACH Transaction?
ACH transactions are electronic payments made through the Automated Clearing House (ACH) Network. These include web-initiated, prearranged payments or deposits for recurring billing/payments. Examples include setting up auto-pay for any recurring bill (i.e. your utility bill) or receiving a Direct Deposit from your employer.
For example, Joe receives a direct deposit from his employer once per month. This would qualify him for Bonus Rate Checking. If Joe does not receive a direct deposit from his employer, he could set up auto-pay on any monthly recurring bill, including his utility bill, cable bill, gym membership, or car payment and qualify for Bonus Rate Checking.
What happens if I don't meet all requirements for a single month?
If bonus qualifications are not met during the statement cycle, a rate of .05% APY* of the balance will be credited. Interest earnings are based on daily collected balances and are credited monthly to the account.
What qualifies as a debit card transaction?
Qualifying transactions include point of sale or online purchases using the SouthEast Bank debit card.
1Terms and Conditions:
To earn the bonus rate, each month the account must be enrolled in eStatements, post and clear at least 15 debit card transactions, and receive at least one direct deposit or ACH debit. If all qualifications are met during the statement cycle, a bonus rate of 2.01% APY on balances of up to$20,000 and .20% APY on balances over $20,000 will be credited. If bonus qualifications are not met during the statement cycle, a rate of .05% APY of the balance will be credited. Interest earnings are based on daily collected balances and are credited monthly to the account. Qualifying transactions include point of sale or online purchases using the SouthEast Bank debit card. ATM and cash-only transactions do not qualify towards minimum debit card transaction amount. Limit one Bonus Rate Checking account per primary owner tax ID.
*APY= annual percentage yield. Rates subject to change. APYs are accurate as of 03/23/2020. Fees may reduce earnings. Some Fees and restrictions apply.
230x the national average for interest checking based on non-jumbo deposits and the weekly rate cap information for the week of March 16, 2020. Learn more: https://www.fdic.gov/regulations/resources/rates/