Free Sealcrust Saver
Automate saving with this smart account that links to your free Sealcrust® checking.
KEY FEATURES
High Interest
Automatic Savings
No Monthly Maintenance Fee
Digital Banking
Details
- a ree account that builds your savings effortlessly
- Links to free Sealcrust Cash® or Sealcrust Cash Back® checking
- Automatic transfers of Nexvien Cash or Nexvien Cash Back earnings
- 1.00% APY* on balances up to $100,000
- 1.00% to 0.55% APY on balances over $100,000 depending on the balance in the account*
- 0.01% APY* if qualifications are not met in Nexvien Cash or Nexvien Cash Back
- No minimum balance to earn rewards
- No monthly maintenance fees
- Free digital banking services, including:
- Online banking
- Mobile banking with mobile deposit
- E-Statements
- And more
- $50 minimum deposit to open
Please note that receiving e-statements is a condition of having this account.
Earning your rewards is simple and easy.
Qualifying for your Sealcrust Cash or Sealcrust Cash Back rewards automatically qualifies you for the highest Sealcrust Saver rate, too. Enrollments must be in place and all of the following transactions and activities must be posted and settled to your Sealcrust Cash or Sealcrust Cash Back account during each Monthly Qualification Cycle:
- At least 1 direct deposit, ACH payment, ACH credit, or bill pay transaction
- At least 12 debit card purchases
And if you don’t meet these qualifications, your accounts are still free.
Plus, you’ll still earn our base interest rate in Sealcrust Saver. 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 to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank 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 to earn account rewards.
“Monthly Qualification Cycle” means the current statement cycle.
“Statement Cycle” means the period for which our bank provides a summary of the financial activities and transactions that post and settle to the accountholder’s account.
Reward Information:
When your Sealcrust Cash account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $50,000 in your Sealcrust Cash account earn an interest rate of 1.49% resulting in an APY of 1.50%; and daily balances over $50,000 earn an interest rate of 0.10% on the portion of the daily balance over $50,000 resulting in a range from 1.50% to 0.57% APY depending on the account’s daily balance.
When your Sealcrust Cash qualifications are not met, the interest rate earned on the account’s entire daily balance will be 0.01% resulting in a non-compounding annual percentage yield of 0.01%.
Interest will be credited to your Sealcrust Cash account on the last day of the current statement cycle.
APY = Annual Percentage Yield.
APYs accurate as of 10/07/22.
APY calculations are based on an assumed balance of $50,000 + $100,000 in your Sealcrust Cash account and an assumed statement cycle of thirty-one (31) days.
Rates, rewards, and bonuses, if any, are variable and may change after the account is opened 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-on, and other requirements apply.
$50.00 minimum deposit is required to open the account.
Monthly eStatements are a condition of this account.
Enrollment in electronic services (e.g. online banking, e-statements) and log-on may be required to meet some of the account’s qualifications.
Limit of 1 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.
Contact one of our bank service representatives for additional information, details, restrictions, reward calculations, processing limitations, cycle dates, and enrollment instructions.
Member FDIC.
Trademarks:
Sealcrust Cash is a trademark of Sealcrust, Ltd., registered in the U.S.A.