Introducing the new CashBack Savings account from American Trust. Great news! This new savings account is linked to your FREE CashBack Checking account, which means your cash back earnings and nationwide ATM fee refunds are automatically deposited into your CashBack Savings account.
What's more? In addition to the cash back you earn on your CashBack Checking account, you'll earn 1.51% APY* on your CashBack Savings for balances up to $15,000 and 0.25% APY* on balances over $15,000.
- 1.51% APY* is paid on balances up to $15,000
- Balances over $15,000 will earn 0.25% APY*
- If monthly qualifications aren't met, you will still earn 0.05% APY*
- Automatic deposit of cash back from CashBack Checking and nationwide ATM refunds (up to $25*)
- No monthly service charges
- No monthly balance to earn rewards
- $100 deposit to open account
- Free Online Banking
- Free e-statements
- FDIC insured
By qualifying for CashBack Checking you automatically qualify for CashBack Savings.
- Have at least 12 debit card purchases post and clear per monthly qualification cycle
- Sign up for e-statements
- Access your account online per monthly qualification cycle
There is no need to worry if you don't meet the qualifications in a cycle. You still get free savings and earn our base rate of 0.05% APY...and you get the opportunity to qualify again the very next monthly qualification cycle!
*Annual percentage yields (APY) for these accounts are in effect as of 6/18/12 and calculated based on the daily balance method. All qualifications must be met during your monthly earnings period. With CASHBack checking you may get up to 3% back on purchases up to $500 with a maximum cash back of $15. Transactions may take one or more business days to post and settle to an account from the date your transaction is made. ATM-processed transactions do not count towards qualifying debit card transactions. Minimum to open these accounts is $100. No minimum balance or monthly service charge. Interest rates, cash back percentages, and caps may change without notice after the account is opened. If you close your account before cash back or interest is credited, all accrued money will be paid. Fees may reduce earnings. Personal accounts only. Maximum of two accounts allowed per social security number. ATM fee refunds up to $25 per earnings cycle when requirements are met. 1.51% APY applies to savings balances up to $15,000 and 0.25% APY applies to the portion of the balance over $15,000 when requirements are met each earnings cycle. 0.05% APY applies if qualifications are not met.