Compare the Features of Our Checking Accounts
| Feature |
Choice Checking |
Elite Checking |
Kasasa Cash®
|
Kasasa Cash Back®
|
|---|
| Dividend-earning account |
No dividends |
0.05% APY1
OR
0.15% APY1 with $1,000 minimum in deposits per month |
2.00% APY on the first $25,0002
0.25% APY on portion of balance above $25,0002 (if qualifications are met)3
|
No dividends |
|---|
| Rewards |
No rewards |
No rewards |
No rewards |
Earn 2.00% cash back on debit card purchases up to $3004 ($6 maximum per month) if qualifications are met3 |
|---|
| Monthly fee (if average monthly checking account balance falls below minimum) |
No monthly fee |
$10 or
maintain minimum checking account balance of $5,000
|
No monthly fee |
No monthly fee |
|---|
| FREE ATM transactions |
FREE transactions at CO-OP ATM™, CULIANCE®, CU24®/CUHERE ATM5 and Northwest Federal ATMs
|
FREE transactions at CO-OP ATM™, CULIANCE®, CU24®/CUHERE ATM5 and Northwest Federal ATMs
Up to $10 per month out of network ATM fee refunds available6 |
Nationwide, unlimited ATM fee refunds (if qualifications are met)3,7
|
Nationwide, unlimited ATM fee refunds (if qualifications are met)3,7 |
|---|
| FREE Northwest Federal custom logo checks8 |
Free first box of checks |
Free check re-orders |
Free first box of checks |
Free first box of checks |
|---|
| Unlimited check writing |
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| FREE Debit Mastercard® |
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| FREE Point-of-Sale cash back |
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| FREE Online Banking and Bill Pay Service |
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| FREE eStatements |
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| FREE Telephone Banking |
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FREE Mobile Banking app & Mobile Deposit®
Service9 |
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| FREE Direct Deposit of your funds |
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Monthly Qualification Cycles for Kasasa® Checking Accounts
1APY=Annual Percentage Yield. Fees may reduce earnings on accounts. Dividends are compounded daily and paid monthly. Rate current as of July 1, 2019 and are subject to change without notice. Rate may change after the account is opened.
2 APY = Annual Percentage Yield. When your Kasasa Cash account qualifications are met during a Monthly Qualification Cycle, (1) Balances up to $25,000 receive APY of 2.00%; and balances over $25,000 earn 0.25% interest rate on the portion of balance over $25,000, resulting in an annual percentage yield for this tier ranging from 2.00% to .48% APY depending on the account’s balance. When Kasasa Cash qualifications are not met, all balances in the account earn .05% APY. Dividends will be credited to your Kasasa Cash account on the last day of statement cycle. APYs accurate as of 7/1/2019. Rates and rewards are variable and may change after account is opened. $100 minimum deposit is required to open the account. There are no recurring monthly maintenance charges or fees to open or close this account. Rewards less than a penny cannot be distributed. Each individual is limited to being the primary owner on 1 (one) account. Monthly qualification cycle means the period beginning on the last day of the previous month and closing one (1) day prior to the last day of the current month. Debit card transactions may take one or more days to post to the account and must post 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 transactions, Debit card purchases processed by merchants as ATM transactions, transactions made with debit cards not issued by Northwest Federal.
3 Monthly qualifications are: enrollment in eStatements, completion of 12 debit purchases, and at least one login to Online Banking.
4 When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 2.00% cash back on up to a total of $300.00 in debit card purchases that post to the account during that cycle period. A maximum of $6.00 cash back may be earned per Monthly Qualification Cycle. Rates and rewards are variable and may change after account is opened. There are no recurring monthly maintenance charges or fees to open or close this account. Rewards less than a penny cannot be distributed. Each individual is limited to being the primary owner on 1 (one) account. Monthly qualification cycle means the period beginning on the last day of the previous month and closing one (1) day prior to the last day of the current month. Debit card transactions may take one or more days to post to the account and must post 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 transactions, Debit card purchases processed by merchants as ATM transactions, transactions made with debit cards not issued by Northwest Federal.
5 No Northwest Federal and no surcharge fees will apply.
6 Elite Checking account holders will be refunded a total of up to $10 in out of network fees and ATM surcharge fees each month. Refunds will be credited at month end.
7 In order to receive reimbursement of all ATM fees incurred in a statement cycle your account qualifications must be met during the Monthly Qualification Cycle.
8 To receive Northwest Federal logo checks at no charge, your order must be limited to one box per order. Any number of boxes exceeding one per order will be charged to your account.
9 Message and data rates may apply for mobile banking. Message frequency depends on account settings. To get help with Mobile Banking, call us toll-free at 844-709-8900. Mobile Deposit is a registered trademark of Mitek Systems, Inc. Qualification criteria apply for Mobile Deposit. Mobile Deposit is available for iPhone 4 and later, iPad 3 and later and most Android devices enabled with a camera. iPhone and iPad are registered trademarks of Apple Inc. Android is a trademark of Google Inc.
Fees are current as of July 1, 2019 and may be subject to change.
Kasasa, Kasasa Cash, and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
