At Flatwater Bank, enjoy high interest earnings on your checking account balance when you meet a few monthly qualifications.* In addition to earning your HighYield Checking rewards every month, you can enjoy refunds on ATM fees nationwide.* Of course, you’ll always be able to enjoy reliable Flatwater Bank features, like Digital Banking access.

• Earns interest
• Free digital banking
• No monthly maintenance fees

• Free checking that pays high interest
• 5.00% APY* on balances as much as $25,000
• 5.00% to 1.40% APY on balances over $25,000 depending on balance in account ¹
• 0.05% APY on all balances if qualifications aren't met ²
• Refunds on ATM withdrawal fees, nationwide (up to $25 monthly) ³
• Link to free HighYield Savings to build savings automatically ⁴
• No minimum balance to earn rewards
• No monthly maintenance fee
• $50 minimum deposit to open

Qualifications to Earn Rewards

Enrollments must be in place and all of the following transactions and activities must post and settle to your HighYield Checking account during each Monthly Qualification Cycle:

• At least 12 debit card purchases, each greater than $5.00
• At least 1 ACH credit or ACH payment transaction
• Be enrolled in and agree to receive e-statements

And 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.

^{* APY = Annual Percentage Yield. APY is accurate as of 3/1/2026. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings. Reward Information: (1) When your HighYield Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $25,000 in your HighYield Checking account earn an interest rate of 4.8889% resulting in an APY of 5% and daily balances over $25,000 earn an interest rate of 0.50% on the portion of the daily balance over $25,000 resulting in a range from 5.00% to 1.40% APY depending on the account's daily balance. (2) When your HighYield Checking qualifications are not met, the interest rate earned on the account's entire daily balance will be 0.05% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded. Interest will be credited to your HighYield Checking account on the last day of the current statement cycle. (3) You will receive reimbursements up to an aggregate total of $25 for nationwide ATM withdrawal fees incurred within your HighYield Checking account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees/surcharges, imposed by other financial institutions, based on estimates when the withdrawal information we receive does not identify the specific ATM withdrawal fee/surcharge. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive a transaction receipt within sixty (60) calendar days of the withdrawal transaction. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle. APY calculations are based on an assumed balance of $125,000 in your HighYield Checking account and an assumed statement cycle of thirty-one (31) days. (4) A HighYield Checking account is required to have a HighYield Savings account. When your linked HighYield Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $100,000 in your HighYield Savings account earn an APY of 2.00% and daily balances over $100,000 earn an interest rate of 0.50% on the portion of the daily balance over $100,000, resulting in a range from 2.00% to 1.25% APY depending on the account's daily balance. When your linked account qualifications are not met, the entire daily balance in the HighYield Savings account earns an interest rate of 0.05% resulting in an annual percentage yield of 0.05% APY. Interest will be credited to your HighYield Savings account on the last day of the current statement cycle. APY calculations are based on an assumed balance of $200,000 in your HighYield Savings account and an assumed statement cycle of thirty-one (31) days. Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count towards earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our institution as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. "Monthly Qualification Cycle" means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the last business day of the current statement cycle. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. A $50 minimum deposit is required to open the account. A minimum of one ACH Credit or Debit & e-statements are a condition of this account. Limit of one account per social security number. There are no recurring monthly maintenance charges or fees to open or close this account. This account is not to be used for commercial purposes. If the account is closed, you will forfeit any rewards that have not been credited to your account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our bank service representatives for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions.}