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High Interest Checking

High Interest Checking Special: You can tell a lot by a name, but not everything. New Solvay Bank checking account customers qualify for our high interest checking account special that could earn up to 4.00% APY* on balances up to $15.000 for 12 months from account opening if account qualifications & rate tiers are met. 

High Interest Checking: Our current Solvay Bank checking account customers can earn up to 2.00% APY* on balances up to $15,000 if account qualifications & rate tiers are met.

All High Interest Checking customers can earn ATM fee refunds — not just in Syracuse or Central New York, but nationwide! All with no minimum balance requirement.

Earning a high rate is so easy, you're probably already doing it. Check out the 3 simple qualifications and get ready for an account that actually pays you money, not the other way around.

Summary
  • High Interest Checking Special: 4.00% APY* for new Solvay Bank checking account customers on balances up to $15,000 for 12 months from account opening if account qualifications & rate tiers are met
  • High Interest Checking: 2.00% APY* for current checking account customers on balances up to $15,000 if account qualifications & rate tiers are met

Benefits for all High Interest Checking Customers

  • Earn refunds on ATM fees nationwide**
  • No minimum balance to earn rewards
  • No monthly service fee if direct deposit is maintained***
  • Free online banking & bill pay****
  • Mobile Banking available
  • Free E-Statements
  • Free Visa® debit card
  • Unlimited check writing
  • $15 minimum deposit to open
  • Special loan discounts on Mortgages, Home Equity & Installment Loans (See our rates page for details)

Qualifications for all High Interest Checking Customers 

To earn your rewards, just do the following transactions and activities in your account during each monthly statement cycle:

  • Be enrolled in and agree to receive E-Statements
  • Have at least one direct deposit/ACH credit post and settle
  • Have at least 12 debit card purchases post and settle.

See. Unbelievably simple. And even if you don't qualify one cycle, you still have a checking account that earns our base rate.

*Annual Percentage Yield (APY) is accurate as of 8/1/2018. 4.00% APY on balances up to $15,000 for 12 months from account opening if account qualifications and rate tiers are met is available to new checking account customers of Solvay Bank. Current checking account customers or those who have closed a checking account within the last 90 days are not eligible for this offer. The APY for current checking account customers or those who have closed an account in the last 90 days is 2.00% APY on balances up to $15,000 if account qualifications and rate tiers are met. Limit one new checking account per tax ID. Account holder must meet the following qualifications each statement cycle to earn rate and ATM refunds: (1) post and clear 12 debit card purchases; (2) post one electronic direct deposit; (3) receive eStatements. At least one electronic direct deposit of salary, pension, or government benefits is required each statement cycle to avoid a $5 monthly maintenance fee. New accounts are subject to bank account opening requirements and applicants must be residents of Cayuga, Cortland, Madison, Oneida, Onondaga and Oswego counties within New York State.

High Interest Checking Special: If your daily balance is $15,000 or less, the interest rate will be 3.93% with an APY of 4.00%. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $15,000. The APY for this tier will range from 0.10% to 4.00% depending on the balance in the account. If monthly qualifications are not met, the rate will be 0.05% with a 0.05% APY on all balances. Rate may change after promotional period.

High Interest Checking: If your daily balance is $15,000 or less, the interest rate will be 1.98% with an APY of 2.00%. An interest rate of 0.10% will be paid only for that portion of your daily balance that is greater than $15,000. The APY for this tier will range from 0.10% to 2.00% depending on the balance in the account. If monthly qualifications are not met, the rate will be 0.05% with a 0.05% APY on all balances. Rate is subject to change after account opening.
Minimum deposit is $15. Fees may reduce earnings. Promotion may end without notice.
New accounts are subject to bank account opening requirements and applicants must be residents of Cayuga, Cortland, Madison, Oneida, Onondaga and Oswego counties within New York State.
Qualifying transactions must post and clear to the account during the monthly statement cycle. Transactions may take one or more banking days from the date the transaction was made to post to an account. Intra‐bank transfers & ATM transactions do not count as qualifying transactions.
**ATM Fee reimbursements up to $25 provided only if qualifications are met within the monthly statement cycle.
***At least one electronic deposit of salary, pensions, or government benefits from an employer or the government is required each statement cycle to avoid a $5.00 monthly maintenance fee.
**** Third party internet/data fees may apply.

Ready to get started? Open your account today!