50+ Checking
At Prevail Bank, we design checking accounts to benefit you. When you open a checking account with us, you get much more. You get the power and flexibility of Digital Banking and much more, all for free! Discover why our 50+ Checking account is perfect for you.
Open a checking account online and get a free gift! Just stop into any of our nine branches to meet the staff and get your gift.
No monthly service fees.
No minimum balance required.
Free Prevail Bank debit card.
Free online & mobile banking.
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50+ Checking Account Details
| Account Name | Minimum to Open | Earns Interest | Paper Statement | Account Requirements | Reward Requirements | Rewards | Check Our Rates |
|---|---|---|---|---|---|---|---|
| 50+ Checking | $50 | Yes | Free | 50+ years of age | One ACH debit or credit transaction in this account per statement cycle1 | Premium rates apply when balance is between $0.01 and $20,000.00, and qualifications are met2 Qualification criteria is waived for the first statement cycle for new accounts | Scroll down to view current rates |
* Your interest rate and annual percentage yield may change at any time. Interest is compounded and credited monthly. Fees could reduce the earnings on the account. Contact a Prevail Bank representative to see our Fee Schedule for other fees that apply to your account by calling or sending us a message. [1] One ACH debit or credit transaction must post and settle to the account during the monthly statement cycle. Each monthly statement cycle ends on the last business day of the month at 6:00 p.m. CST. [2] Scroll down to see the current interest rate and Annual Percentage Yield. The daily balance method is used to calculate interest on your account. Interest begins to accrue on the business day you deposit non-cash items (i.e., checks).
Checking Account Rates
Deposit rates accurate as of October 1st, 2024.
*APY = Annual Percentage Yield, Rate = Interest Rate.
| Balance ($50 Minimum to Open. $0.01 minimum balance required to earn APY.) | Rate | APY |
|---|---|---|
| $0.01 - $15,000.00 | 0.75% | 0.75% |
| $15,000.01+ | 0.05% | 0.75% - 0.26% |
Interest rates and APYs are accurate as of the effective date listed above. If the qualifications are not met, the Interest Rate and (APY) on the account will be .05%. The APY calculations are based on an assumed total account balance of $50,000.
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