High Yield Checking: Take Your Money to New Heights
Our Elevate checking account is designed to pay you on the money that you keep in a checking account to cover your everyday expenses, rewarding you most on your first $20,000, where you will earn an incredible interest rate. As your balance grows, you will continue to earn competitive, steady returns on every dollar, with a tiered interest rate structure that keeps your total earnings growing as your balance climbs.
Redefine Your Banking with a High Yield Checking
Elevate Your Balance
Complete 3 simple qualifying activities each month in order qualify for great rates and watch your balance climb!
- Electronic deposits totaling $1,000 or more
- 10 Debit transactions
- Sign-in to your account online
High Yield Checking Rates
Balance Tier | Interest Rate | APY* |
|---|---|---|
| $20,000 or less | 4.41% | 4.50% |
| Greater than $20,000 up to $50,000 | 1.98% | 4.50% - 3.00% |
| Greater than $50,000 up to $100,000 | 2.23% | 3.00% - 2.63% |
| Greater than $100,000 up to $1,000,000 | 2.47% | 2.63% - 2.51% |
| Greater than $1,000,000 | 2.57% | 2.51% - 2.60% |
Elevate your Balance
FDIC Insured
Competitive Rates
Rise Above with FNBA’s Elevate High Yield Checking
Taking your balance to new heights is easy – complete a few simple, qualifying activities each month and elevate your earning with premium, tiered rates.
Set up Electronic Deposits
Electronically deposit funds equal to or greater than $1,000 each month
Use your Account
Use your account for a minimum of 10 debit transactions each month (debit transactions can be a combination of debit card usage, bill pay, electronic transfers, checking writing, ATM or in-person withdrawals)
Use online banking
Sign-in to your online or mobile banking account at least once each month
Open Your Elevate Checking Today!
Elevate Checking – Frequently Asked Questions
What is an Elevate High-Yield Checking Account?
Elevate Checking is a tiered, variable-rate personal checking account designed to reward daily banking activity. It provides the standard features of a checking account, such as a debit card and online banking, while offering the ability to earn premium interest on your balance by meeting specific requirements each statement cycle.
How do I qualify for the premium interest rates each month?
What counts as "New Money" for my deposits?
Yes. FNBA reports mortgage payment history for all borrowers.
What types of transactions count toward the 10-debit transaction requirement?
We provide many ways to meet this requirement. Qualifying activities include any combination of debit card usage, online bill payments, electronic transfers, check writing, and even ATM or in-person withdrawals.
What happens if I do not meet the requirements during a statement cycle?
If you do not meet all three requirements, you will not be charged a penalty fee. Your account will simply earn a base interest rate of 0.01% APY for that specific statement cycle. You are eligible to earn the premium rate again during any future cycle in which the requirements are met.
How does the tiered interest structure work as my balance grows?
Each tier is designed to pay the stated APY on the portion of the balance that falls in each tier. This allows your total interest earnings to keep growing as your balance climbs.
Is there a minimum amount required to open an Elevate Checking Account?
Yes. To open an Elevate Checking account, a minimum opening deposit of $1,000 in new money is required.
Are there any monthly fees to keep the account open?
There are no monthly maintenance fees to keep the account open.
Who is Elevate Checking best for?
Elevate Checking is a great fit for customers who actively use their checking account for everyday purchases and can meet the monthly qualification requirements. It is ideal for those who want to earn more on the money they keep accessible while still enjoying the convenience of a traditional checking account.
Is the money in my Elevate account FDIC insured?
Yes. First National Bank of America is a nationally chartered bank and a member of the FDIC. Your deposits are insured up to $250,000 per depositor, for each account ownership category. This insurance provides the highest level of security for your funds.
How do I open an Elevate Checking Account?
You can click Open Now to open your account online, or you can visit any of our branch locations to open your account in person.
Elevate Checking is a tiered, variable-rate account with a minimum opening deposit of $1,000 of new money. *To qualify for the monthly interest reward (4.50% APY) you must meet the following minimum checking account requirements each statement cycle: (1) make 10 debit transactions on this account during the statement cycle, (2) maintain at least a $1,000 daily balance in the account, (3) receive an aggregate of $1,000 or more in electronic fund credits of new money during the statement cycle, (4) sign-in to your account at least once using mobile or online banking. New money is defined as money received from another financial institution and not transferred between accounts at FNBA. Statement Cycle is defined as the monthly recurring time period between two consecutive account statements (i.e. Sept 5th through October 4th). Balance information and interest crediting: If you meet the minimum qualification requirements during the monthly Statement Cycle, 4.50% APY will apply to balances up to $20,000.00; 4.50% - 3.00% APY will apply to balances greater than $20,000 up to $50,000.00; 3.00% - 2.63% APY will apply to balances greater than $50,000 up to $100,000.00; 2.63% - 2.51% APY will apply to balances greater than $100,000 up to $1,000,000.00 and an APY of 2.51% - 2.60% for balances greater than $1,000,000.00. Each interest rate will apply only to the portion of the account balance that is within the specified range. The APY shown on your monthly statement will reflect interest earnings for your entire balance. Interest will be calculated and posted on the last day of each monthly Statement Cycle using a Daily Balance Method. The Daily Balance Method applies a periodic rate to the principal balance in your account each day. General information: If you do not meet one or more of the rewards qualifications, your APY will be reduced to 0.01%. If you close your account before interest is paid, you may not receive the accrued interest. Only one Elevate Checking per Social Security number.