*Membership in CommonWealth required. Valid for new members and new checking only. Limit one new checking account per new member. Subject to $100 fee for closing account within 6 months. All new accounts will be verified by Chex Systems. Members with an existing CommonWealth checking account are not eligible. Cash or non-cash gifts in excess of $10 are subject to IRS reporting on form 1099-INT. Offer is subject to cancellation without notice and cannot be combined with any other offer. Maximum 5 referrals per household.
1 APY= Annual Percentage Yield. To qualify for the Rewards Checking APY, you must meet the following requirements by the end of each month: be enrolled in eStatements, have direct deposit or ACH deposit transactions totaling $300 or more per month, and have at least 15 debit and/or credit card transactions per month. All qualifying transactions must post to the account and the funds must be available by 3:00pm on the last day of each month. Note: Debit and credit card purchases can take up to 3 days to post and are dependent upon merchant processing times. If you do not meet the Rewards Checking account requirements, you will not receive the APY. Rewards Checking APY is up to a max balance of $20,000 and thereafter standard rate of 0.05% will apply. Membership in CommonWealth required. Limit one Rewards Checking account per member. All new accounts will be verified by ChexSystems. Members with an existing CommonWealth checking account may convert their current account into a Rewards Checking account. Offer is subject to cancellation without notice and cannot be combined with any other offer.
