Woodward

Savings

 

GPNB Free Rewards Saver

 

 

Easy automatic savings fueled by your free GPNB Free Rewards account

Free Rewards Saver is a free, high-interest saver account linked to your free Free Rewards checking account  (they work together). Up to 2.51% APY* you make on your checking and ATM fee refunds are automatically deposited into your free Free Rewards Saver account which piles 0.50% APY* on top of that! So sit back, relax and watch your savings grow. Free Rewards Saver.

Apply Here

 

Free Rewards Saver is perfect for you if you:

  • Choose Free Rewards as your free checking account (whether you already have it or want to open both today)
  • Want two high-interest accounts (Free Rewards and Free Rewards Saver) both working hard to help you save
  • No minimum balance to earn rewards
  • **Nationwide ATM fee refunds (automatically deposited into your Saver account)

To easily grow your savings with up to 2.51% APY* from Free Rewards & 0.50% APY* from Free Rewards Saver do the following each month:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled and receive an e-statement
  • Be enrolled and log into online banking.

If you miss a month, don't worry!
You will still enjoy free checking and there's no penalty for not qualifying in a given month. Plus you get a base 0.03% APY* and you get right back to making up to 2.51% APY* and enjoying ATM refunds the next month you qualify.

We're here to make saving easier than ever with some of the best rates anywhere.  Build your savings today.

*APY=Annual Percentage Yield. See below for full details.

*APY=Annual Percentage Yield. APYs accurate as of 06/03/2013. Rates may change after account is opened. Minimum to open is $100 for Free Rewards and $100 for Free Rewards Saver. For Free Rewards, if qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $20 and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.51%; and (3) balances over $10,000 earn 0.20% interest rate on the portion of the balance over $10,000, resulting in 2.51% - 0.20% APY depending on the balance. If qualifications are not met on Free Rewards all balances earn 0.03% APY. Qualifying transactions must post to and settle Free Rewards 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 debit card transactions. “Monthly Qualification Cycle” means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The advertised Free Rewards APY is based on compounding interest. Interest earned in Free Rewards is automatically transferred to Free Rewards Saver each statement cycle and does not compound. Actual interest amount paid may be less than advertised Free Rewards APY. The Free Rewards Saver APYs may be less than Free Rewards APYs. If qualifications in Free Rewards are met each monthly qualification cycle: (1) balances up to $10,000 in Free Rewards Saver receive an APY of 0.50%; and (2) balances over $10,000 in Free Rewards Saver earn 0.20% interest rate on portion of balance over $10,000, resulting in 0.50% - 0.20% APY depending on the balance. If qualifications are not met on Free Rewards, all balances in Free Rewards Saver earn 0.03% APY. Transfers between accounts do not count as qualifying transactions. Limit one account per SSN. ATM receipt must be presented for reimbursement of an individual ATM fee of $5.00 or higher.


  

GPNB Starter (must be 18 years old or under or a student up to age 25 years of age)

Minimum balance to open N/A
Minimum balance to avoid a service charge None
Quarterly maintenance fee None
Interest paid quarterly  

 

Interest will be compounded on a quarterly basis.

Interest begins to accrue on the business day you make your deposit and will be credited to your account on a quarterly basis. If you close your account before your interest is credited, you will not receive the accrued interest.

The average ledger balance method is used to calculate interest on your account. This calculation is achieved by taking the sum of the ledger balance (positive or negative) in the account for each day of the period divided by the number of days in the period

Six (6) withdrawals are allowed per statement cycle or four week period, no more than six of which may be payable by draft or similar order to a third party.

A monthly or quarterly statement is mailed to the customer.

Management reserves the right to change at any time and at its sole discretion the interest rate, the annual percentage yield, and the compounding frequency on this account. As a general rule, withdrawals from this account will be paid on demand; however, the bank reserves the right to require seven (7) days written notice.

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GPNB Saver

Minimum balance to open $100.00
Minimum balance to avoid a service charge $100.00
Quarterly maintenance fee (above $100.00) $0.00
Quarterly maintenance fee (below $100.00) $5.00 per quarter
Excessive withdrawal fee ( Quarterly 6 or less) $0.00
Excessive withdrawal fee (Quarterly more than 6) $1.00 each


Interest will be compounded on a quarterly basis.

Interest will begin to accrue on the business day you make your deposit, and will be credited to your account on a quarterly basis. If you close your account before your interest is credited, you will not receive the accrued interest.

The average ledger balance method is used to calculate interest on your account. This calculation is achieved by taking the sum of the ledger balance (positive or negative) in the account for each day of the period divided by the number of days in the period

Six (6) withdrawals are allowed per statement cycle or four week period, no more than six of which may be payable by draft or similar order to a third party.

Monthly or quarterly statement is mailed to the customer.

Management reserves the right to change at any time and at its sole discretion the interest rate, the annual percentage yield, and the compounding frequency on this account. As a general rule, withdrawals from this account will be paid on demand; however, the bank reserves the right to require seven (7) days written notice. 

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