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 KANZA
Rewards a premium checking option for anyone. To qualify,
12 monthly debit card purchases must post and clear your
account, at least one direct deposit or automatic payment
must post and clear your account, and enroll & receive electronic
statements. Minimum opening deposit is $100.
Unique Features
2.00% APY earned on balances up to $10,000 when qualifications
are met
2 .00% APY applies to balances of $.01-$10,000.
Interest rate of .50% applies to the portion of balances
over $10,000.
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. New customer
applicants must reside in Kansas or Oklahoma.
Rate information – At our discretion, we may change the interest rates for this account.
Tier 1 – An interest rate of 1.980% will
be paid on the entire portion of your daily balance
that is less than $10,000.01. The annual percentage
yield (APY) for this tier is 2.00% Tier 2 –
An interest rate of .50% will be paid only for that
portion of your daily balance that is $10,000.01 or
more.
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
qualification cycle:
12 debit card purchases must post and clear
your account monthly.
At least one direct deposit or ACH Auto Debit
must post and clear your account monthly.
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.
ATM Fee Refunds Nationwide (if qualifications are met)
Availability Limitations:
This account type is available for personal account
use only. New customer applicants must reside in
Kansas or Oklahoma.
Statement Cycle & Qualification Cycle:
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. 12 debit card purchases
posted and cleared, and a direct deposit or ACH
Auto Debit posted and cleared) 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 and clears 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 are posted and cleared to
that statement with a date of March 16th will be
counted in the next statement’s qualifications.
Numerous, very small dollar transactions discouraged.
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.
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
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
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)
