Turn your monthly Ignite checking rewards into automatic savings
And experience saving at its simplest.
Key Features
- Automatic Savings
- High Interest Earnings
- No Monthly Maintenance Fee
- Free Digital Banking
Apply for a Savings Account Now
Benefits
- Free account that builds your savings effortlessly
- Links to free Ignite Interest or Ignite Cash Back checking
- 0.75% APY‡ on balances up to $20,000
- 0.75% to 0.21% APY on balances over $20,000 depending on balance in account‡
- 0.05% APY‡ if qualifications are not met in Ignite Interest or Ignite Cash Back
- No minimum deposit to open
- No minimum balance to earn rewards
- No monthly maintenance fee
- Free digital banking services, including:
- Free online banking
- Free mobile banking with mobile deposit
- Free eStatements
- Free telephone banking
It’s Easy to Earn Your Rewards
Qualifying for your Ignite Interest or Ignite Cash Back rewards automatically qualifies you for the highest Ignite Savings rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Ignite Interest or Ignite Cash Back account during each Monthly Qualification Cycle:
- At least 15 debit card purchases, each greater than $7
- At least 1 direct deposit or ACH credit transaction post and settle
- Be enrolled in and agree to receive eStatements
And if you don't meet these qualifications, your account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next cycle that you qualify.
‡ 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 toward earning account rewards: ATM-processed transactions, transfers between accounts, PIN-based or signature based debit card purchases less than $7.00, debit card purchases processed by merchants and received by our bank as ATM transactions (PIN-based or signature based 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.
"Banking Day" means any day on which an office of the bank is open to the public for the purpose of carrying out substantially all of its banking functions or for processing.
"Business Day" means a calendar day other than a Saturday or a Sunday, or a legal public holiday.
"Statement Cycle" means the period of time for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder's account. Contact one of our branch service representatives for specific Statement Cycle dates.
"Monthly Qualification Cycle" means the Statement Cycle.
Reward Information:
When your linked Ignite Interest or Ignite Cash Back account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $20,000 in your Ignite Savings account earn an APY of .75% and daily balances over $20,000 earn an interest rate of .10% on the portion of the daily balance over $20,000, resulting in a range from .21% to .75% APY depending on the account's daily balance.
When your linked Ignite Interest, or Ignite Cash Back qualifications are not met, the entire daily balance in the Ignite Savings account earns an interest rate of .05% resulting in an annual percentage yield of .05% APY.
Interest will be credited to your Ignite Savings account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 02/01/2021
APY calculations are based on an assumed balance of $20,000 + $100,000 in your Ignite Savings account and an assumed statement cycle of thirty-one (31) days.
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.
Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply.
No minimum deposit is required to open the account.
Monthly Direct Deposit/ACH credit and e-statements are a condition of this account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications.
Limit of one account per customer.
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.
In order to have an Ignite Savings account, an Ignite Interest or Ignite Cash Back account is required.
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.
Member FDIC.