Rewards Savings

Rewards Savings

0.50% APY*

on all balances

It's really gratifying to watch your savings grow. What if it could grow even faster, right before your eyes?

Earn 0.50%* APY on your entire savings account balance when you meet the qualifications of your Rewards Checking account. With no monthly fees, no minimum or maximum balance requirement, and high-yielding interest, it's THE deal the families of North Central Ohio deserve.


Calculate My Rewards

Summary
  • Competitive rates that boost your balance
  • 0.50% APY* on all balances, linked to Rewards Checking
  • 0.15% APY* if qualifications are not met on Rewards Checking
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free Online Banking & Bill Pay
  • Requires an eStatement
  • Requires a Rewards Checking account statement, delivered electronically on a monthly basis**
  • Account will be converted to a regular statement savings account if Rewards Checking account is closed
  • $50 minimum deposit to open

*This account requires a linked Rewards Checking account. You must have an existing, or open a new, Rewards Checking account AND meet the Rewards qualifications for the monthly qualification cycle in order to earn the .50% APY. If the Rewards Checking requirements are not met, you will receive the base APY (currently 0.15%) for that statement period on your Rewards Savings account.

Only one Rewards Savings account can be linked to each Rewards Checking account, and the primary owner of the Rewards Savings account must match the primary owner of the Rewards Checking account (SSN). Only one Rewards Checking account is allowed for each primary owner.


Qualifications

Qualifying for rewards is so simple — you're probably already doing it! To earn your rewards, simply do the following activities and transactions in your Rewards Savings account each monthly qualification cycle:

  • Have at least 11 debit card purchases that post and settle
  • Have at least 1 direct deposit or automatic payment (ACH) post and settle
  • Be enrolled in, receive, and review eStatement notice

And that's it! Typically we follow here explaining that even if you don't qualify, there's still no monthly service fee and you still earn interest at the base rate. Plus you can get back to earning the huge rewards the very next monthly qualification cycle!

*APY=Annual Percentage Yield. APYs accurate as of 6/17/2013. Rates may change after account is opened. Minimum to open is $100 for Rewards Checking and $50 for Rewards Savings. For Rewards Checking, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $5 per single transaction and credited to account on the last day of monthly statement cycle; (2) balances up to $25,000 receive APY of 1.77%; and (3) balances over $25,000 earn 0.50% interest rate on the portion of the balance over $25,000, resulting in a range of 1.77% to 0.63% APY depending on the balance. If qualifications are not met on Rewards Checking all balances earn 0.05% APY. Qualifying transactions must post to and settle Rewards Checking account during monthly qualification cycle. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying check card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through the second business day prior to the close of the current statement cycle. The advertised Rewards Checking APY is based on compounding interest. Actual interest amount paid may be less than advertised Rewards Checking APY. The Rewards Savings APYs may be less than Rewards Checking APYs. If qualifications in Rewards Checking are met each monthly qualification cycle: (1) balances in Rewards Savings receive an APY of 0.50%. If qualifications are not met on Rewards Checking, all balances in Rewards Savings earn 0.15% APY. Transfers between accounts do not count as qualifying transactions. Fees may reduce earnings. ATM fee waivers do not apply to Rewards Savings ATM transactions.

How it Works

MySuttonRewards is a valuable, FREE program that rewards you for your everyday spending using your Sutton Bank Debit Card. Enrollment is automatic, and every purchase with your debit card adds rewards points that can be redeemed for exciting gifts.

Here's how it works:

  • Simply use your Sutton Bank debit card for everyday purchases
  • On a quarterly basis, you will receive points certificates for any points you accumulate
  • Go to mysuttonrewards.com, register, and enter your certificate number
  • With 100 points, you can claim a reward or let points accrue for higher-value items

Use your Sutton Bank debit card instead of a check, cash, or credit card to pay for your everyday purchases. Whether shopping, dining out, grocery shopping, or filling your car with gas, use your Sutton Bank debit card. It's the simple way to pay — plus, you earn FREE rewards!

This account requires a linked Rewards Checking account. You must have an existing, or open a new, Rewards Checking account AND meet the Rewards qualifications for the monthly qualification cycle in order to earn the .50% APY. If the Rewards Checking requirements are not met, you will receive the base APY (currently 0.15%) for that statement period on your Rewards Savings account.

Only one Rewards Savings account can be linked to each Rewards Checking account, and the primary owner of the Rewards Savings account must match the primary owner of the Rewards Checking account (SSN). Only one Rewards Checking account is allowed for each primary owner.