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Free Rewards Checking

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Get the best of both worlds with Danversbank’s Free Rewards Checking — a free checking account that pays a rate like a Certificate of Deposit (4.01%APY*) without tying your funds up for a fixed period of time. Free Rewards Checking has no daily minimum balance requirements to satisfy or even monthly maintenance charges.  You’ll even enjoy refunded ATM fees, nationwide...and your money is available 24 hours a day through a Danversbank Debit MasterCard!  To take advantage of these benefits, accountholders must satisfy the following requirements each monthly statement cycle:

•  perform at least 12 debit card transactions (excluding ATMs);
•  receive their monthly statement electronically;
•  access Online Banking, and
•  sign up for direct deposit or receive a recurring ACH.

When these conditions are not met, the Free Rewards Checking account will still function as a free checking, however, the Rewards Rate will not be paid and ATM fees will not be refunded.

Get started with a Free Rewards Checking Account Today

Danversbank Debit MasterCard
• 24-hour access to your account at thousands of ATMs worldwide
• Valid wherever MasterCard is accepted
• Eligible for use with all Danversbank checking accounts
• Use it to get cash, make deposits or transfer funds at the ATM
• Use it to make purchases at the point-of-sale
• Earn Points2U Rewards for eligible purchases
• Cards are eligible for MasterCard SecureCode - a free, new online security service to help guard against unauthorized use of your MasterCard online. Enroll in MasterCard SecureCode now.

If your card is lost or stolen, call:
1-800-771-8200 during regular business hours
1-888-849-6046 after normal business hours

*4.01% Annual Percentage Yield (APY) paid on daily balances up to $25,000, and 0.25% APY paid on all amounts above $25,000 each statement cycle the minimum requirements are met. Rates are accurate as of April 1, 2008. This is a variable rate account and the interest rate and APY may change at any time after the account is opened.  The minimum balance to open this account is $100.  Available on personal accounts only.  If you do not meet the requirements per statement cycle, you will earn an APY of 0.25%, your account will still function as a Free Checking account, however, it will not receive ATM refunds for that time period.  ATM refunds apply to non-DBK ATM Fees and other non-proprietary ATM surcharges.  Fees may reduce earnings. There is a fee for the Occasional Overdraft Privilege Service (OOPS) associated with this account.

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