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Home / Learning Center / Bonus Rate Checking and Savings: Accounts That Match Life at Your Pace
Bonus Rate Checking and Savings: Accounts That Match Life at Your Pace

Bonus Rate Checking and Savings: Accounts That Match Life at Your Pace

Finances Money Management
SouthEast Bank| August 5, 2020
Bonus Rate Checking and Savings: Accounts That Match Life at Your Pace

We all face certain financial pressures, whether related to outstanding debt, meeting the needs of an evolving family, or simply managing monthly bills. That’s why we need bank accounts that will help us make the most of our money now as well as save for future expenses.

If you’re looking for a better checking or savings account, SouthEast Bank has a variety of quality options to choose from. Even better, we’ve designed our Bonus Rate Checking and Savings Accounts to work together so that when you meet certain qualifications, you earn a better interest rate on both balances.

Sounds pretty good, right? Here’s more about how they work (and how they can work for you)!

Bonus Rate Checking

There’s no doubt that checking accounts are great. You can access your money with ease and sometimes even earn a small amount of interest with qualifying transactions. Here are a few reasons SouthEast Bank’s Bonus Rate Checking account could be right for you:

Competitive Annual Percentage Yield (APY)*

For starters, SouthEast Bank’s Bonus Rate Checking account could improve your APY*, meaning the yearly rate of return on your account. You could earn up to a 2.01 APY* on balances up to $20,000.00 when you meet the required qualifications, which include enrolling in eStatements, making 15 debit card transactions, and receiving a direct deposit or ACH debit.

eStatements

SouthEast Bank also offers eStatements as a secure, eco-friendly way to access your account information when you need it. When you enroll in eStatements and meet the account’s required qualifications, you become eligible for the bonus rate. Additionally, the account’s monthly $3 paper fee doesn’t apply to customers enrolled in eStatements. Save money, save the planet and enjoy incredible convenience with this digital service.

Other Benefits of Bonus Rate Checking

Bonus Rate Checking account holders will also enjoy 24/7 fraud monitoring with SouthEast Verifi, as well as digital and mobile banking benefits. Through the bank’s online portal and mobile app, you can electronically deposit checks, view your account balances, transfer funds and more, from wherever you are.

Bonus Rate Savings

After going Bonus Rate Savings, there’s no going back. Like Bonus Rate Checking, SouthEast Bank’s Bonus Rate Savings account is designed to offer a competitive APY* and exceptional benefits. Here are a few of the things you’ll love about this account:

Competitive APY*:

The Bonus Rate Savings account provides 2.01% APY* on balances up to $10,0002, as well as an effortless way to save with Round Up3 Savings. Round Up3 Savings is a feature that automatically rounds up each debit card transaction to the nearest dollar, depositing the change into your Bonus Rate Savings account. This benefit offers an additional simple, secure way to grow your savings with everyday transactions.

Flexibility

Unlike some savings accounts, Bonus Rate Savings is flexible and user-friendly. It offers unlimited withdrawals at the ATM or teller window and can be easily opened with a minimum deposit of $100. As an added benefit, SouthEast Bank offers access to more than 55,000 Allpoint Network ATMs nationwide, so you can bank at your convenience.

Secure, 24/7 Account Access

Like Bonus Rate Checking, Bonus Rate Savings also includes SouthEast Verifi fraud monitoring and online and mobile banking options. Banking has never been easier with these convenient, rewarding accounts.

SouthEast Bank’s Bonus Rate Checking and Savings accounts help make your money work for you. It’s as simple as that. You can find out more about Bonus Rate Checking here, and check out Bonus Rate Savings here. 

*APY= annual percentage yield. Rates are variable and subject to change. Fees may reduce earnings. Some fees and restrictions apply.
 

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Terms & Disclosures

1

Bonus Rate Checking: *APY=Annual Percentage Yield. Rates are accurate as of 12/10/24 and are subject to change after account opening. $50 minimum to open. To earn the bonus rate, each statement cycle the account must be enrolled in eStatements and post and settle at least 15 qualifying debit card transactions of $1 or more. If all qualifications are met during the statement cycle, the account will earn a 4.01% APY on balances of $20,000 or less. An interest rate of 0.20% will be paid only for that portion of your daily balance that is greater than $20,000. The annual percentage yield for this tier will range from 4.01% to 0.51%, depending on the balance in the account. If bonus qualifications are not met during the statement cycle, the account will earn 0.05% APY. Qualifying transactions include point-of-sale or online purchases using the SouthEast Bank debit card. ATM and cash-only transactions do not qualify toward the minimum debit card transaction amount. Limit one Bonus Rate Checking account per primary account holder tax ID. A $3 Paper Statement fee is waived by enrolling and receiving eStatements or having a daily average account balance of $1,200 or a daily average relationship balance of $10,000. Please see the Fee Schedule or speak with your local banker for a full list of fees that may apply. Fees may reduce earnings. 

2

Bonus Rate Savings: *APY=Annual Percentage Yield. Rates are accurate as of 12/10/24 and are subject to change after account opening. $50 minimum to open. To earn the bonus rate, each statement cycle the account holder must have a SouthEast Bank checking account with the Round Up feature, enroll and maintain the Bonus Rate Savings account in eStatements, and post and settle at least 15 qualifying round up debit card transaction during the statement cycle from any personal SouthEast Bank checking account. If all qualifications are met during the statement cycle, the account will earn a 2.01% APY on balances of $10,000 or less. An interest rate of 0.20% will be paid on the portion of your daily balance that is greater than $10,000. The APY for this tier will range from​ 2.01% APY to 0.27% APY, depending on the balance in the account. If bonus qualifications are not met during the statement cycle, the account will earn 0.05% APY. Limit one Bonus Rate Savings account per primary account holder tax ID. A $3 paper statement fee is waived when enrolled in eStatements or with a daily average account balance of $1,200 or a daily average relationship balance of $10,000; Unlimited withdrawals at teller window or ATM and 6 pre-authorized withdrawals per statement cycle at no charge, including checks, ACH debits, and online banking transfers; $3 fee for each withdrawal thereafter. Unlimited withdrawals are subject to available funds. Fees may reduce earnings. Please see the Fee Schedule or speak with your local banker for a full list of fees that may apply.

Round Up Savings: Upon enrollment in Round Up Savings, SouthEast Bank will round up your qualifying debit card transactions of $1 or more to the nearest dollar and transfer the difference from your SouthEast Bank checking account to your designated SouthEast Bank savings account. Qualifying transactions include point-of-sale or online purchases using the SouthEast Bank debit card. Both signature and pin transactions made with debit cards qualify for Round Up Savings. ATM and cash-only transactions do not qualify for Round Up Savings. All debit cards connected to the checking account will round up to your savings account. You must be a primary owner on each checking and savings account that you enroll. Round-up amounts will be transferred separately throughout the day.

3

Round Up Savings: Upon enrollment in Round Up Savings, SouthEast Bank will round up your qualifying debit card transactions of $1 or more to the nearest dollar and transfer the difference from your SouthEast Bank checking account to your designated SouthEast Bank savings account. Qualifying transactions include point-of-sale or online purchases using the SouthEast Bank debit card. Both signature and pin transactions made with debit cards qualify for Round Up Savings. ATM and cash-only transactions do not qualify for Round Up Savings. All debit cards connected to the checking account will round up to your savings account. You must be a primary owner on each checking and savings account that you enroll. Round-up amounts will be transferred separately throughout the day.