Welcome to checking that saves like savings
With Sonata Rewards Checking, you’ll earn 3.00% APY on balances up to $25k*. And there’s no minimum balance required to earn interest. You’ll also love our feature-packed app that makes managing your money easier, and dare we say it, fun. Open your account today.
*Annual Percentage Yield (APY) is accurate as of 8/05/2024. Rates are subject to change before and after account opening. The minimum balance required to open the account is $100.00 The minimum daily balance required to obtain the advertised percentage yield is $0.01. If your daily balance is less than or equal to $25,000.99, the interest rate paid on the entire balance in your account will be 3.00%APY. Additional conditions describing the minimum balance to earn this rate are detailed below. Amounts greater than $25,001.00 will earn 0.10%APY. Interest is compounded and credited on a monthly basis. You will not receive the accrued interest if you close the account before interest is credited. All accounts are subject to applicable terms, fees, and charges. Terms, fees, and charges for accounts are subject to change. Fees could reduce the earnings on the account. Offer is subject to change without notice. Rate specials are available to consumers in the following states: Kentucky and Tennessee.
Additional Rate Information. To earn a higher interest rate on daily balances less than or equal to $25,000.99, you must meet the following criteria:
- A minimum direct deposit of $100 for each statement cycle.
- Enroll in online/mobile banking.
- Activate a Sonata debit card.
If criteria are not maintained, then the interest rate reverts to the lower rate.