Saver
Checking Account
The Basics
Saver is savings simplified. It earns high interest and helps you save effortlessly. This account connects to free High Interest & Cash Rewards checking accounts. When you earn rewards in either checking account, you earn the full rewards in your Saver account. Plus, when Qualifications are met cash rewards earnings & ATM fee refunds transfer automatically.
The Perks
The Details
Qualification Requirements
Qualifying for your rewards in either a High Interest or Cash Rewards checking account automatically qualifies you for the highest Saver rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your High Interest or Cash Rewards account during each Monthly Qualification Cycle
At least 1 bill pay or ACH payment transaction
At least 12 debit card purchases
Account Opening Requirements
Must have a High Interest or Cash Rewards checking account and be enrolled in e-Statements in order to open a Saver account
Didn't Qualify this cycle? No Problem.
Even if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify. Base rates are as follows
Base Interest Rate
0.00%
ANNUAL PERCENTAGE YIELD (APY)
0.00%
The Rewards
When your High Interest or Cash Rewards account qualifications are met during a Monthly Qualification Cycle, you also get the full rewards of your Saver account. The following rewards will be distributed to your account on the last day of the current statement cycle:
Ready to Open Your Account?
Open Your Saver account Online, Quickly and Securely
Note: Saver accounts cannot be opened as a standalone account. It must be opened in conjunction with a High Interest or Cash Rewards checking account.
*ADDITIONAL TERMS
When High Interest or Cash Rewards checking qualifications are met during a Monthly Qualification Cycle an interest rate of 0.747% will be paid on the portion of your daily balance that is less than or equal to $50,000 and the APY for this tier is 0.75%. An interest rate of 0.250% will be paid on the portion of your daily balance that is greater than $50,000. This will result in an APY for this tier ranging from 0.75% to 0.25%, depending on the account’s entire balance. When High Interest or Cash Rewards checking qualifications are not met, the interest rate paid on the High Interest checking and Saver savings will reflect 0.0499% on the entire balance, with an APY of 0.05% and ATM fees are not refunded. APY= Annual Percentage Yield. APYs accurate as of 1/11/2022. Rates and rewards are variable and may change at any time after account is opened. Fees may reduce earnings. Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. No minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking and electronic statements) is required for High Interest checking, Cash Rewards checking and Saver savings accounts. Limit one (1) account per social security number. A High Interest or Cash Rewards checking account is required to have a Saver savings account. A linked Saver savings account is required for automatic savings. There are no recurring monthly maintenance charges or fees to open or close this account. Contact one of Woodlands Bank’s Customer Service Representatives for additional information, details, restrictions, processing limitations and enrollment instructions.