Phone: 815.936.7600

Rewards Checking


Rewards Checking puts your money to work, earning 1.01% APY* on balances up to $15,000. You also earn refunds on your ATM fees* nationwide. Plus, there's no minimum balance required to get these amazing benefits. Open your account today to start earning your rewards.



In order to earn your rewards, simply meet the following easy qualifications each monthly qualification cycle:

If qualifications are not met for a monthly qualification cycle, your account will still function as a free checking account earning 0.10% APY; however, it will not receive ATM fee refunds* for that time period. You can begin earning your rewards the very next month.

*Annual Percentage Yield (APY) accurate as of May 4, 2015. $100 deposit is required to open this account. No minimum balance is required to obtain the account's rewards. There are no recurring monthly service fees associated with this account. When qualifications are met during the Monthly Qualification Cycle, you receive 1.01% APY on balances up to $15,000, and balances over $15,000 earn 0.15% APY on the portion of the balance over $15,000 resulting in a range from 1.01% APY – 0.26% APY depending on the balance. In addition, account will receive reimbursements up to $25 (up to $4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. ATM receipt must be presented for reimbursement of ATM fees of $5.00 or higher. If qualifications are NOT met during the Monthly Qualification Cycle, all balances earn 0.10% APY and nationwide ATM fees are not reimbursed. Transactions and activities may take one or more business days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts and debit card transactions processed by merchants and received by Peoples Bank as ATM transactions. Monthly Qualification Cycle is a period beginning one business day prior to the first day of the current statement cycle through one business day prior to the close of the current Statement Cycle. Statement Cycle begins on the second business day of the month and ends on the first business day of the following month. If you have a Rewards Saver account linked to your Rewards Checking account, the interest does not compound in that account since it is transferred into the Rewards Saver account. The Rewards Saver APY may be less than the Rewards Checking APY. We use the daily collected balance method to calculate the interest in your account. This method applies a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to your account every month on the last day of the current Statement Cycle, as assumed by the APY disclosed above. Interest begins to accrue no later than when we receive credit on non-cash items (for example, checks). The interest rate and annual percentage yield (APY) may change at any time. There is a limit of 1 account per social security number. This account is not to be used for commercial purposes. If you close your account before interest is credited, you will not receive the accrued interest and you will forfeit any rewards that have not been credited to your account. Enrollment in electronic services (e.g. online banking, electronic statements) will be required to meet some of this account's qualifications. Fees may reduce earnings. An account that is closed within 6 months of the opening date will be charged a fee of $20.00. *Your mobile carrier's message and data rates may apply.