Institution for Savings
Personal Banking

CHECKING


Bonus Checking . . . an account that pays interest* like a CD and refunds your ATM fees nationwide!+

With Bonus Checking, you can earn a premium interest rate of 6.00% APY*when you meet the following account conditions during each monthly statement cycle:

  • Make at least 10 Institution for Savings Visa® Debit Card purchases from this account (transactions done at ATMs do not qualify)
  • Have at least 1 direct deposit to your account
  • Pay at least 3 bills monthly from this account using our Internet Bill Pay
  • Receive your monthly account statement electronically
  • Maintain a $500 minimum daily balance
If you don't meet these requirements in a given statement cycle, you'll simply earn the standard 0.25% APY rate of interest….and can start again in the new statement cycle towards earning our "bonus" rate of interest and ATM refunds!

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    Other account benefits:
  • No charge for basic checks
  • No-fee Internet Banking
  • No-fee Bill Pay
  • No-fee Visa© Debit Card and Point of Sale transactions
  • Surcharge-free withdrawals at SUM network ATMS (Other financial institutions may charge fee outside of SUM networks which will be rebated to you monthly if you meet the account requirements!)+
  • 24-hour Automated Telephone Banking
  • Overdraft Protection available (customer must apply for this product and meet bank's approval criteria.)

*6.00% Annual Percentage Yield (APY) paid on daily balances up to $50,000, and 0.25% APY paid on all amounts above $50,000 for each statement cycle that minimum requirements are met. Rates are accurate as of February 1, 2008. This is a variable rate account; the interest rate and APY may change at any time after account is opened. Minimum balance to open this account is $10. A $10 monthly service charge will be assessed if your daily minimum balance falls below $500. Available on personal accounts only. To earn the higher rate of interest, you must meet the following each statement cycle: 1) perform at least 10 Institution for Savings Visa® Debit Card purchases from this account (transactions done at ATMs do not qualify); 2) have at least 1 direct deposit to this account; 3) pay at least 3 bills monthly from this account using our Bill Pay; 4) agree to receive your monthly account statement electronically; and 5) maintain a $500 minimum daily balance. When these conditions are not met, a rate of 0.25% APY will apply and foreign ATM fees will not be refunded for that statement cycle. Fees may reduce earnings.

+ATM surcharge refunds apply to non-IFS ATM fees and other non-proprietary ATM surcharges for domestic banks only with a maximum refund amount of $20.00 per statement cycle.


No Fee Checking

Perfect for seniors, students . . . anyone. With this account, just about all that you pay for is your checks.

  • No minimum balance required
  • No Monthly Service Charge
  • Write as many checks as you want at no charge!

Personal Checking

    This is an interest bearing account with no limit on the number of checks you can write. The $5 monthly service charge is waived when you maintain a $500 minimum monthly balance or have direct deposit into your account.


With No Fee and Personal Checking accounts, you always get these benefits:

  • Your choice of monthly statements by mail or electronically
  • No fee Internet Banking
  • No fee Bill Pay
  • No fee ATM card and/or Visa© Debit Card and Point of Sale transactions
  • Surcharge-free withdrawals at SUM network ATMS (Other financial institutions may charge fee outside of SUM networks
  • 24-hour Automated Telephone Banking
  • Overdraft Protection available (customer must apply for this product and meet bank's approval criteria.)
  • Direct Deposit
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