Limited-Time Offer
Open an FSB Rewards Checking account, meet the qualifying requirements, and earn a limited-time $350 account bonus.* Plus, earn up to 3.50% APY** on everyday balances.
Open Your Rewards Checking AccountAlready an FSB customer? Refer a friend and you can each earn $100*** when they open a qualifying account. Start Referring
See How Much You Could Earn Annually
Account Balance
$20,000.00
Earned Per Year†
$712.25
†The 'earned per year' amount shown is calculated by assuming a full year at the 'account balance' amount selected in the slider. Your results may vary as your daily account balance fluctuates. APY assumes interest compounds and remains on deposit at 3.50% APY.
Benefits of Our High-Yield Rewards Checking Account
Tiered Interest
Earn interest as high as 3.50% APY on your checking account balance.
No Monthly Fees
Keep the account free when you maintain a $1,000 minimum balance.
ATM Flexibility
Use any ATM with 5 free non-FSB withdrawals and fee reimbursements.
High-Yield Rewards Checking Account Features
This account focuses on interest, flexibility, and everyday value.
How to Earn Interest
Interest Rate Structure
- Tiered interest rate tied to the Deposit Rate Index
- Balances $0 to $20,000 earn at 3.50% APY**
- Balances $20,001 & over earn at 0.15% APY**
Requirements to Qualify Each Statement Cycle
- Direct deposit to your FSB checking account
- eStatements enrollment (Learn how to enroll in eStatements)
- Minimum of 15 debit card transactions for $20 or more (excludes ATM transactions)
Additional Account Details
Account Minimums & Fees
- Minimum to open: $1,000
- Minimum balance to avoid fees: $1,000
- Monthly fee if below $1,000 minimum: $51
ATM Access & Reimbursement
- 5 free non-FSB ATM withdrawals per statement cycle
- $2 per withdrawal after 5 free withdrawals
- Up to $10 reimbursement2 per statement cycle for ATM fees at non-FSB ATMs
- Unlimited ATM access at FSB-owned ATMs
Start Earning With Our High-Yield Checking Account
FSB’s High-Yield Rewards Checking Account helps you earn interest on your everyday balance with a few simple requirements. Apply online to get started!
1
Open your High-Yield Rewards Checking Account with $1,000 to get started.
2
Set up direct deposit and enroll in eStatements to meet the monthly requirements.
3
Make at least 15 debit card purchases of $20 or more each cycle to qualify for interest.
Additional Perks Included With Every FSB Checking Account
Every FSB checking account gives you core banking features that support secure, convenient money management in Iowa.
Compare FSB's Personal Checking Accounts
Find the checking account that fits your lifestyle. Compare features and decide which one meets your unique needs.
Open Your High-Yield Rewards Checking Account
Start earning more on your everyday money. Our team of personal bankers are ready to help you open your account online or in a branch.
Love my new bank account with FSB. They are understanding, helpful, and focused on their clients’ wellbeing.- Shane O., FSB accountholder in Iowa
Common Questions About High-Yield Rewards Checking
Get quick answers to the most common questions about opening and using your High-Yield Rewards Checking Account.
What is a high-yield checking account?
A high-yield checking account is a checking account that pays a stronger interest rate on the money you keep in it. The account works like a regular checking account with full access to your funds, but you earn interest when you meet the monthly requirements.
These requirements often include using your debit card, enrolling in eStatements, and setting up direct deposit. High-yield checking accounts are designed for customers who want interest earnings without locking money away in a savings account or CD.
How much do I need to open a high-yield checking account?
You need $1,000 to open the account and $1,000 to avoid the monthly fee. If your balance falls below $1,000, the account has a $5 monthly fee. All other features remain the same, including interest eligibility when you meet the account requirements.
How much will $10,000 make in a high-yield checking account?
At 3.50% APY, a $10,000 balance earns about $350 per year, assuming the balance stays at $10,000 for a full year and interest compounds.
How much will $20,000 make in a high-yield checking account?
At 3.50% APY, a $20,000 balance earns about $700 per year, assuming the balance stays at $20,000 for a full year and interest compounds.
Is a high-yield checking account better than a regular checking account?
A high-yield checking account pays interest on the money you keep in it, while a regular checking account usually pays little or no interest.
If you keep a steady balance and use your debit card often, a high-yield checking account provides stronger value. If you keep a low balance or do not meet monthly requirements, a standard checking account might be a better fit.
High-Yield Rewards Checking Account Disclosures
1Plus applicable sales tax.
2This account will reimburse ATM surcharges incurred at Non-Farmers State Bank ATMs up to $10.00 per statement cycle.
3Message and data rates may apply.
4Earn a $7 reward each month when you receive eStatements and make at least 25 signature-based debit card transactions (excluding PIN-based and ATM transactions) of $20 or more. The qualifying transactions must post and clear on or before the last business day of the month. When requirements are met, the $7 reward will be credited to your account on the last business day of that month.
*New account bonus for new checking account customers who meet the promotion requirements. You must open a new Rewards Checking account with $500+ in ongoing direct deposit and enroll in eStatements. Bonus paid within 30 days if qualifiers are met and used regularly. Limit one bonus per household. Subject to approval and 1099 reporting. Cannot be combined with other offers. $1000 minimum opening deposit. $5 Monthly Maintenance Fees plus applicable sales tax applies if $1,000 minimum daily balance is not maintained. Must be 18 or older. Offer ends 06/30/2026. Additional terms apply.
**APY = Annual Percentage Yield. Rewards Checking is an interest-bearing account. To earn the premium rate, you must have 15 POS transactions over $20, have direct deposit, and be enrolled in eStatements. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change at any time at the Bank's discretion. Account interest will accrue no later than the business day we receive credit for non-cash items (for example, checks) deposited into your account. If you close your account before interest is credited, you will receive the accrued interest. Interest will be compounded monthly and will be credited to the account monthly. See FSB’s Rate Chart for current rates and annual percentage yields. A premium interest rate will apply to this account if the minimum requirements are met. Additional terms apply.
***Referrals must be from a current FSB customer to a new FSB customer who opens a checking account with direct deposit and eStatements. You and your friend will each receive a $100.00 deposit to your respective FSB checking account within 30 days of the following events: the first direct deposit, and when the first eStatement is processed. If the referrer does not have an FSB checking account, the $100.00 will be mailed as an FSB Visa® Gift Card. Referrer may infer that you have an account at FSB once reward is paid. Limit one referral reward per new FSB customer. Minimum $50-$100 deposit required. See product information for additional requirements specific to each account type. Excludes Benefit Banking Plus. Must be 18 or older. Subject to account approval. The program may be suspended or reactivated with 30 days' notice.
2This account will reimburse ATM surcharges incurred at Non-Farmers State Bank ATMs up to $10.00 per statement cycle.
3Message and data rates may apply.
4Earn a $7 reward each month when you receive eStatements and make at least 25 signature-based debit card transactions (excluding PIN-based and ATM transactions) of $20 or more. The qualifying transactions must post and clear on or before the last business day of the month. When requirements are met, the $7 reward will be credited to your account on the last business day of that month.
*New account bonus for new checking account customers who meet the promotion requirements. You must open a new Rewards Checking account with $500+ in ongoing direct deposit and enroll in eStatements. Bonus paid within 30 days if qualifiers are met and used regularly. Limit one bonus per household. Subject to approval and 1099 reporting. Cannot be combined with other offers. $1000 minimum opening deposit. $5 Monthly Maintenance Fees plus applicable sales tax applies if $1,000 minimum daily balance is not maintained. Must be 18 or older. Offer ends 06/30/2026. Additional terms apply.
**APY = Annual Percentage Yield. Rewards Checking is an interest-bearing account. To earn the premium rate, you must have 15 POS transactions over $20, have direct deposit, and be enrolled in eStatements. The interest rate and annual percentage yield will depend upon the daily balance in the account as shown on the Rate Chart. The interest rate and annual percentage yield may change at any time at the Bank's discretion. Account interest will accrue no later than the business day we receive credit for non-cash items (for example, checks) deposited into your account. If you close your account before interest is credited, you will receive the accrued interest. Interest will be compounded monthly and will be credited to the account monthly. See FSB’s Rate Chart for current rates and annual percentage yields. A premium interest rate will apply to this account if the minimum requirements are met. Additional terms apply.
***Referrals must be from a current FSB customer to a new FSB customer who opens a checking account with direct deposit and eStatements. You and your friend will each receive a $100.00 deposit to your respective FSB checking account within 30 days of the following events: the first direct deposit, and when the first eStatement is processed. If the referrer does not have an FSB checking account, the $100.00 will be mailed as an FSB Visa® Gift Card. Referrer may infer that you have an account at FSB once reward is paid. Limit one referral reward per new FSB customer. Minimum $50-$100 deposit required. See product information for additional requirements specific to each account type. Excludes Benefit Banking Plus. Must be 18 or older. Subject to account approval. The program may be suspended or reactivated with 30 days' notice.
FSB is not responsible for typographical errors or omissions.
