reward checking

Get the best of both worlds with Orange Savings Bank’s Free Rewards Checking — a free checking account that pays an interest rate like a Certificate of Deposit without tying your funds up for a fixed period of time. Free Rewards Checking has no minimum balance requirements to satisfy or even monthly maintenance charges.  You’ll even enjoy refunded ATM fees, nationwide...and your money is available 24 hours a day through a Orange Savings Bank Visa Debit Card.  To take advantage of these benefits, accountholders must satisfy the following requirements each monthly statement cycle:

•  perform at least 10 debit card transactions (excluding ATMs);
•  receive their monthly statement electronically;
•  access Online Banking, and
•  sign up for direct deposit or receive a recurring ACH.

When these conditions are not met, the Free Rewards Checking account’s Rewards Interest Rate will revert to a Standard Interest Rate.

*6.01% Annual Percentage Yield (APY) paid on daily balances up to $25,000 and 1.01% APY paid on all amounts above $25,000 each statement cycle the minimum requirements are met. Rates are accurate as of October 22,  2007. This is a variable rate account and the interest rate and APY may change at any time after the account is opened.  The minimum balance to open this account is $100.  Available on personal accounts only.  If you do not meet the requirements per statement cycle, you will earn the Standard Rate of 0.10% APY, your account will still function as a Free Checking account, however, it will not receive ATM refunds for that time period.   Fees may reduce earnings. There is a fee for the Overdraft Privilege Service associated with this account.