Rewards Checking

Earn up to 5.12% APY¹ each month with no fee and no minimum balance!²

If you’re ready for your financial institution to show you some love, you’re ready for a HOPE Rewards Checking account!³

Here’s what you get:

• A free account with no monthly service charge
• No minimum balance requirements
• Cash paid into your account each month⁴
• Free digital banking service, including our bill payment feature⁵
• Refunds on up to $20 in ATM fees⁶

How much can you earn?

• Without doing anything, you get 0.10% APY¹ on all balances
• Turbocharge your earning by meeting the simple qualifying criteria each month:
  • 5.12% APY¹ on all balances up to $10,000
  • 0.50% APY¹ on all balances over $10,000
    
    

So what does it take to get that bonus rate? It’s pretty simple! Each month⁷ you need to:

• Have 12 debit card transactions post to and clear your account^8,9
• Log on to HOPE’s digital banking (online or mobile) just once⁵
• Sign up for and receive e-statements
• Have at least one direct deposit or automatic payment (ACH) clear your account⁸
  

What if you don’t qualify during a particular month? Don’t worry! You still get the base rate paid back into your account. Then, just meet the criteria the next month to earn the bonus rate.

Still want to earn more? Our HOPE Rewards Checking Plus account adds a connected HOPE Rewards Savings Plus account.

Checking Account Comparison Chart

Important Account Information

¹APY = Annual Percentage Yield. APY is accurate as of 6/4/24. Rates may change after the account is opened.

²There is no minimum balance required to open a HOPE Rewards Checking account.

³ Members must meet certain terms and conditions to open a HOPE Rewards Checking account. As primary accountholders, members are limited to one HOPE Rewards Checking account. No commercial account may participate in this program.

⁴Dividends are paid on accounts with positive balances.

⁵Your wireless carrier may charge data or text messaging fees.

⁶If HOPE Rewards Checking qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 and credited to the account on the last day of monthly statement cycle; an ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher; (2) balances up to $10,000 receive an APY of 5.12%; and (3) balances over $10,000 earn a 0.50% dividend rate on the portion of the balance over $10,000. If qualifications are not met on HOPE Rewards Checking accounts, all balances earn 0.10% APY.

⁷The Qualification Cycle is defined as the first calendar day of the month through the last calendar day of the month (example: March 1 – March 31). Contact us for more information about the qualification cycle. The advertised HOPE Rewards Checking APY is based on compounding dividends. Dividends earned in a HOPE Rewards Checking Plus account are automatically transferred to a linked HOPE Rewards Savings Plus account each statement cycle and do not compound. The actual dividend amount paid may be less than the advertised HOPE Rewards Checking account APY. The HOPE Rewards Savings Plus APYs may be less than the HOPE Rewards Checking account APYs. If qualifications in a HOPE Rewards Checking Plus account are met each monthly qualification cycle: (1) balances up to $10,000 in HOPE Rewards Savings Plus receive an APY of 1.51%, and (2) balances over $10,000 in HOPE Rewards Savings Plus earn 1.01% dividend rate on a portion of balance over $10,000. If qualifications are not met on HOPE Rewards Checking Plus accounts, all balances in HOPE Rewards Savings Plus accounts earn 0.10% APY. At our discretion, we may change the dividends paid on all tiers, and/or cap at any time. Fees may reduce earnings.

⁸Qualifying transactions must post to and settle to the HOPE Rewards Checking account during the monthly qualification cycle. The qualification cycle is not the same as your monthly statement cycle. Transactions may take one or more banking days from the date the transaction was made to post to and settle in the account.

⁹Transfers between accounts do not count as qualifying transactions. ATM-processed withdrawals do not count as qualifying debit card transactions.