Preferred Reward Saver

This savings counterpart to Preferred Reward Checking makes saving so easy you won't even notice it. The accounts work together, so the rewards you earn with Preferred Reward Checking are automatically deposited to Preferred Reward Saver each month.

Open the account with just $100 deposit and you'll start earning a great interest rate right away since there's no minimum balance to earn. All you have to do is meet the simple monthly requirements for Preferred Reward Checking and leave the rest to us.

Click here for account qualifications

  • Savings made easy
  • Automatic transfers of Preferred Reward Checking rewards
  • 1.00% APY* on daily balances up to $50,000
  • 1.00-0.73% APY*, on daily balances over $50,000 depending on balance in account
  • 0.05% APY* if qualifications are not met on Preferred Reward Checking
  • Daily balance method used to calculate APY*
  • No monthly service fee
  • No minimum balance to earn interest
  • Free online banking
  • Free eStatements
  • $100 minimum deposit to open


Qualifying for Preferred Reward Checking automatically qualifies you for the highest Preferred Reward Saver rate. Just do the following each monthly qualification cycle on your Preferred Reward Checking account:

And if you miss a qualification cycle, don't worry! Both accounts are still free and earn our base interest rate. You can get back to earning rewards the very next month you qualify.

By federal regulations, during any month, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a pre-authorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card, or similar order to a third party. If you exceed the transfer limitations set forth above in any month, your account will be subject to product change to an unlimited transaction account.

*APY=Annual Percentage Yield. APYs accurate as of 12/01/2015. Preferred Reward Saver is only available to customers who have a Preferred Reward Checking account. $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.

Balances up to $50,000 earn 1.00% interest rate, resulting in 1.00% APY; balances over $50,000 earn 0.60% interest rate on the portion of the balance over $50,000, resulting in 1.00% -0.73% APY depending on the balance.

For Preferred Reward Checking, if qualifications are met each monthly qualification cycle, 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.

Interest earned in Preferred Reward Checking is automatically transferred from Preferred Reward Checking to Preferred Reward Saver the next business day of each statement cycle and does not compound.

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 on Preferred Reward Saver will 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.

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.