Preferred Reward Checking

If you want to be handsomely rewarded for doing every day banking tasks, this is the account for you. Earn an amazing rate and receive nationwide ATM fee refunds by doing things like receiving eStatements and using your check card. Plus, you can enroll in the UChoose Rewards Program®!

To make it even better, you can link it to a Preferred Reward Saver account so your rewards are deposited automatically to give you extra savings power. And did we mention that it's completely free?

Click here for account qualifications

  • Nationwide ATM fee refunds (up to $25)*
  • 2.50% APY* on daily balances up to $15,000
  • 2.50% - 0.84% APY*, on daily balances over $15,000 depending on balance in account
  • 0.05% APY* if qualifications aren't met
  • No minimum balance required to earn APY*
  • Daily balance method used to calculate APY*
  • Link to Preferred Reward Saver for automatic savings
  • No minimum daily balance requirements to earn rewards
  • Unlimited check writing
  • Free eStatements
  • Free online banking and bill pay
  • Free Visa® debit card**
  • $100 minimum deposit to open
  • Reorder Checks


To earn your rewards, just do the following on each monthly qualification cycle:

If you miss a qualification cycle, there's no penalty and the account is still free. You can get back to earning your rewards the next cycle you qualify.

*APY=Annual Percentage Yield. APYs accurate as of 12/01/15 $100 Minimum deposit to open. Rates may change after account is opened. Limit 1 Preferred Reward Checking and 1 Preferred Reward Saver accounts per household.

For Preferred Reward Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees from any The First State Bank ATM or any ATM from another bank or other establishment during qualification cycle will be reimbursed (up to $25) and credited to either (a) your Preferred Reward Saver account, if applicable, or (b) your Preferred Reward Checking account, if not enrolled in Preferred Reward Saver, on the last day of monthly statement cycle; (2) balances up to $15,000 earn 2.47% interest rate, resulting in 2.50% APY; and (3) balances over $15,000 earn 0.60% interest rate, resulting in 0.60% APY on the portion of the balance over $15,000, resulting in 2.50% -0.84% APY depending on the balance. (4) Must be enrolled in and receive eStatements.

To enroll in eStatements, visit and click "View your eStatements" on the homepage. To view your eStatements, you may (i) log in from your monthly eStatement email notification or (ii) visit and click "View your eStatements" on the homepage. You will need to log in from there.

If qualifications are not met on Preferred Reward Checking all balances earn 0.05% interest rate, resulting in 0.05% APY. Qualifying transactions must post to and settle Preferred Reward Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post and settle account. Transfers between accounts do not count as qualifying transactions. ATM-processed transactions do not count towards qualifying debit card transactions. Online transactions or PayPal transactions that are linked to the debit card do not count as qualifying transactions.

"Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Preferred Reward Checking APY is based on compounding interest.

If you have the optional Preferred Reward Saver account, refunded ATM fees and interest earned in Preferred Reward Checking is automatically transferred from Preferred Reward Checking to Preferred Reward Saver on the next business day of each statement cycle and does not compound. If you do not have the Preferred Reward Saver account, refunded ATM fees and interest earned will be automatically deposited into your Preferred Rewards Checking account.

If you are enrolled in both the Preferred Reward Checking and Preferred Reward Saver accounts, your checking account will be referred to as Preferred Saver/Checking on your monthly statements and in your online banking.

Actual interest amount paid may be less than advertised Preferred Reward Checking APY. The Preferred Reward Saver APYs may be less than Preferred Reward Checking APYs.

**Effective July 17, 2013 The First State Bank will initiate upgraded debit card fraud protection. By doing so, we can offer you better protection against personal and business debit card fraud. As a result of this upgraded protection, you may see an increase in phone calls and other notifications regarding debit card purchases that meet certain criteria deemed suspicious. Such activity can include purchases made outside of normal card locations, eCommerce transactions and dollar amount specifications. Heightened security will be placed on international purchases as well, so if you intend on traveling outside of the United States, please contact your local branch of The First State Bank.