IDEAL Rewards Checking
IDEAL Rewards Checking is the perfect everyday checking account for people who want to earn the highest available return on a no minimum balance account.
- Interest Bearing (Base Rate) with BONUS Rate Potential*.
- ATM Fee Refund Potential (Up to $25)*.
- No Monthly Fees or Per Check Fees.
- Free Online Banking, Online Bill Pay, and e-Statement.
- No annual debit card fee.
*Requires "qualifying activities" by account holder per statement cycle, see below.
APY (Annual Percentage Yield) Rates
|Guaranteed BASE Rate||High Balance Rate||Potential BONUS Rate|
|0.05% APY||0.20% APY||1.10% APY|
|This amount is credited and paid on the entire account balance when qualifying steps outlined below are not met within a specific statement cycle (month).||This amount is credited and paid to the account for balances above $15,000 when the qualifying steps outlined below are met within a specific statement cycle (month).||This amount is credited and paid to the account for balances up to $15,000 when the qualifying steps outlined below are met within a specific statement cycle (month).|
Required Activities to “Qualify” for BONUS Rate and ATM Refunds
To “qualify” for the BONUS Rate, and for the ATM Fee Refund, for a specified statement cycle, each of the following Qualifying Activities must take place within that cycle period (month).
- Have at least 10 signature debit card transactions post and clear.
- Receive your bank statement electronically.
- Have at least one automatic payment or direct deposit post and clear.
- Access Online Banking at least once.
- Keep us informed of a valid e-mail address.
Here’s What It Will Take To Set Up Your IDEAL Rewards Checking Account
The following simple actions will be taking place at the time you visit a westbury bank office to set up your IDEAL Rewards Checking account. A westbury representative will be able to guide you through this process.
- You will need a minimum deposit of $50.00 to open the account.
- You will have to provide a current email address for the account holder. (Current email address is required for monthly emailed notification of electronic statement availability)
- You will be setting up an Online Banking account at westbury bank. (The IDEAL account may be added-to an existing Online Banking account if one already exists.)
- You will start the enrollment process for an e-Statement for the IDEAL account. (Only electronic statements will be provided for this account. Paper statements are available at a fee of 2.95 per month.)
- You will be setting up a Direct Deposit into, or Automatic Payment from, the IDEAL account within each statement cycle. (Pay checks, social security checks, rental payments, mortgage payments; at least one Item per statement cycle. Please remember to bring appropriate information.)
Offer valid for Wisconsin residents only. Personal checking accounts only, no business/commercial or institutional accounts. All APY Rates are subject to change. Limited to 1 account per customer.