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KANZARewards Checking
Turn your checking account into an earning opportunity with no minimum balance, no monthly fees and an array of advantages.
A high yield on your balance, refunds on ATM fees and free online privileges make KANZARewards a premium checking option for anyone. To qualify, just make 12 monthly debit card purchases on your account, set up at least one direct deposit or automatic payment, and enroll & receive electronic statements. Minimum opening deposit is $100.
Unique Features
Check Our Rates!
Patent Pending, BancVue
Rate Information:
Rates effective as of August 17, 2010.
3.00% APY applies to balances of $.01-$25,000.
Interest rate of 1.00% applies to the portion of balances over
$25,000. For this tier, APY will range from 3.00% to 1.50%.
If qualifications are not met 0.05% APY applies to all balances.
Rates may change after the account is opened. Fees may reduce earnings. Available to personal accounts only.
Disclosure Information:
Rate information – At our discretion, we may change the interest rates for this account.
Tier 1 – An interest rate of 1.000% will be
paid only for that portion of your daily balance that is
$25,000.01 or more. The annual percentage yield (APY) for
this tier will range from 3.00% to 1.50%, depending on the
balance in the account. Tier 2 – An interest
rate of 2.960% will be paid on the entire portion of your
daily balance that is less than $25,000.01. The annual percentage
yield (APY) for this tier is 3.00%.
The interest rates and annual percentage yields may change daily.
Compounding frequency – Interest will be compounded monthly.
Crediting frequency – Interest will be credited into this account monthly.
Effect of closing an account – If you close your account before interest is paid, you will not receive accrued interest.
Daily balance computation method – Interest is calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day.
Accrual of interest on noncash deposits – Interest will begin to accrue on the business day you deposit noncash items (for example, checks) into your account.
Minimum balance to open – The minimum balance required to open this account is $100.00.
Deposit limitations – You may make an unlimited number of deposits into your account.
Additional Terms – The following additional terms apply to this account: To receive the high Annual Percentage Yield and ATM refunds nationwide, you must perform the following qualifications per statement cycle:
- Make 12 debit card purchases.
- Receive one direct deposit or authorize one ACH Auto Debit.
- Receive e-Statements.
If you do not meet the qualifications during the qualification cycle, your account will still function as a free checking account earning 0.05% APY and you will not receive ATM refunds for that time period.
With KANZARewards Checking, you will receive:
- Free Online Banking
- Free, Unlimited Bill Payment
- Free e-Statements
- ATM Fee Refunds Nationwide (if qualifications are met)
Statements for KANZA Rewards accounts will cycle with a cutoff
date of the 16th unless the 16th falls on a weekend or Federal
Holiday, in which case the statement will cycle on the first
business day thereafter. Qualification requirements (i.e.
make 12 debit card purchases and receive/authorize a direct
deposit or ACH Auto Debit) for determining if the account
will receive the high annual percentage yield (APY) are calculated
the business day prior to the statement cycle date. Therefore,
the cutoff date for the “qualification cycle” will
always be the business day just prior to the day the statements
cycle. Debit card and other electronic transactions are counted
based on the date that the transaction hard posts to the
account rather than the date the transaction was conducted
by the customer. Any debit card purchases and direct deposit/ACH
activity occurring on the statement cycle date will be counted
in the following month’s qualification calculations.
For example, if the statement date is March 16th, debit card
purchases and ACH activity that is posted to that statement
with a date of March 16th will be counted in the next statement’s
qualifications.
The KANZA Rewards account is designed to provide an attractive
rate of interest for customers who choose to conduct much
of their banking electronically, which is a cost-effective
method for us. KANZA Bank reserves the right to close any
customer account, upon reasonable notification, at any time
and for any reason (see terms and conditions.) Customers
that attempt to qualify for the high rate of interest yield
by making numerous, very small dollar transactions are not
conducting their account activity consistently with account
expectations for this product. When customers choose to handle
their KANZA Rewards account in this manner, then KANZA Bank
may choose to close the customer account or request that
the customer change their account type to a product more
consistent with their account practices.
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Regular Checking
Ideal for customers who keep $500 or more in their checking account or who want a set monthly service fee.
KANZA Bank Regular Checking is service charge-free with an average daily balance of only $500. If your average daily balance is below $500, your monthly service fee is just $5. Minimum opening deposit is $100.
Unique Features
- No service fee with $500+ average daily balance
- Fixed monthly service fee below $500 average daily balance
- Unlimited check writing
- Added Value Services
Check Our Rates!
If you are interested in this account please call us to speak with one of our Customer Service Representatives or use our online application.
Free Checking
With no monthly service charge and unlimited check writing, our Free Checking account is great no-frills option.
Duplicate checks are required, as check images are not returned with your monthly statement. Minimum opening deposit $100.
Unique Features
Check Our Rates!
If you are interested in this account please call us to speak with one of our Customer Service Representatives!
Interest Checking
For customers who maintain higher account balances, our Interest Checking account offers interest that’s compounded and credited monthly on minimum daily balances of $1,000 or more.
If the minimum daily balance falls below $1,000,
there is a $5 service fee plus $.20 per item for transactions over
25 per statement cycle. Minimum opening deposit is $1,000. Interest
rate is subject to change without notice.
Unique Features
- No service fee with a $1,000 minimum daily balance
- Interest earned on $1,000 minimum daily balance
- Added Value Services
Check Our Rates!
If you are interested in this account please call us to speak with one of our Customer Service Representatives or use our online application.
Relationship Checking
For customers with multiple KANZA Bank accounts totaling $10,000 or more, Checking offers a way to leverage your financial strength with a variety of refunds, premium interest rates and benefits.
Customers without a combined balance of $10,000 may be eligible for Relationship Checking with a $10 monthly fee. The following accounts may be totaled to receive your Relationship Checking:
- Personal checking and savings accounts
- Money market accounts
- Certificates of deposit
- Individual retirement accounts
- Consumer loans
- Home equity line of credit
- KANZA Bank mortgage loans
Not included:
- Brokerage products, commercial loans and deposits, and secondary market mortgage loans.
Unique Features
- Free KANZA Bank checks
- Unlimited no-fee check writing
- No minimum balance
- Premium interest on account balances ($2,500 minimum balance to earn premium interest)
- Free Safe deposit box (1 year)
- Free traveler’s cheques & cashier’s checks
- Refund on KANZA Bank ATM charge from non-KANZA Bank ATMs (Up to 5 per month. Some limits apply.)
- ¼% discount on new consumer loans with automatic debit
- 25% off brokerage commissions on the first three stock trade transactions with PrimeVest® Financial Services2
- Free Online Banking
- Free Online Bill Pay up
to fifteen payments per month (.30 charge per item after 15)
- Free ATM/Debit card
- Added Value Services
- Bank-By-Phone
- Credit Card Services
- Direct Deposit
- Overdraft Protection
- Interest accrues on daily balance. Interest is compounded and paid monthly. Interest rate is subject to change without notice.
- Securities and insurance provided by PrimeVest are not FDIC-insured, are not guarnteed by KANZA Bank, are subject to risk and may lose value.
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PrimeVest Financial Services is an independent registered broker/dealer and is member SIPC.
Required Disclosures:
TERMS AND CONDITIONS
PROCEDURES FOR OPENING A NEW ACCOUNT
ELECTRONIC FUND TRANSFERS
YOUR ABILITY TO WITHDRAW FUNDS
PRIVACY
OVERDRAFT PRIVILEGE
TRUTH-IN-SAVINGS |
