Independent Interest
Chances are you already have an interest-earning savings account. But it's a smart move to double your earning power with a checking option that also puts money in your pocket.
This full-service account delivers value on all fronts.
Earning competitive interest on your checking balance is a good deal in itself. But it's just the beginning. You'll also save money with ATM fee waivers, safe deposit box discounts, and a low monthly fee that's pretty easy to eliminate.
- $100 minimum opening deposit.
- Tiered rates1 grow your savings at a steady pace.
- $12 monthly fee waived if a combined deposit/loan balance of $15,000 or more is maintained.2
- Free debit card for fast, easy payments online and in stores.
- Link your debit card to your phone for convenient contactless purchases.
- Five non-Bank Independent ATM fee waivers each month.3
- First year free on new safe deposit box rentals, plus 20% discount in future years if box fee is paid with an automatic debit.
- Free Online Banking and Bill Pay.
- Free Mobile Banking and mobile check deposit.4
- Free monthly eStatements and paper statements.
- No insufficient funds fee on overdrafts of less than $5.5
1 For Independent Interest Checking only: The interest rate and annual percentage yield for Independent Interest Checking is variable and will depend upon the applicable rate tier (See below). The interest rate and annual percentage yield for these tiers may change at our discretion. Interest will be compounded and added back to principal each statement cycle. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
If you close your account before the interest is credited, you will receive the accrued interest.
Tiered Rate Disclosure - Effective as of 4/1/25
If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is more than $9,999.99, but less than $25,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is more than $24,999.99, but less than $50,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%
If your daily balance is more than $49,999.99, but less than $100,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is $100,000 or more, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
2 The combined balance is calculated by adding the lowest daily balance that occurred in each of your deposit and loan accounts during your statement cycle.
3 Non-Bank Independent ATM withdrawal fees charged by Bank Independent will be waived for eligible transactions. Non-Bank Independent ATM transactions posted after 2:30 p.m. on the last business day of the month will be applied to the next month's waived fees. Bank Independent will NOT refund ATM fees charged by the operating bank. Balance inquiry fees are not refundable.
4 Carrier data charges may apply.
5 An NSF/Overdraft fee will not be charged to an account if the ending daily balance in the account is overdrawn by $5.00 or less.
We will charge an NSF/Overdraft fee of $36 for each presentment that overdraws your account. We will not charge more than 6 NSF/Overdraft fees to your account in one business day. An NSF fee is a charge that is assessed when a presentment is returned by the bank due to insufficient funds in the account. An overdraft fee is a charge assessed when a presentment is paid by the bank on an account with insufficient funds. Standard overdraft practices apply when you have authorized us to pay, and we have agreed to pay checks and other transactions causing an overdraft through automatic bill payment and for checks and other transactions made using your account number. Whether your overdraft item will be paid is discretionary and we reserve the right not to pay. We will not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to. Deposits are required within 45 days of an overdraft. If an overdraft is not paid in full within this period, your account is subject to close. See a Personal Banker for details on minimum balance requirements and monthly maintenance fees for all deposit accounts. (Schedule of fees)
If your daily balance is $9,999.99 or less, the interest rate paid on the entire balance will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is more than $9,999.99, but less than $25,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is more than $24,999.99, but less than $50,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%
If your daily balance is more than $49,999.99, but less than $100,000, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
If your daily balance is $100,000 or more, the interest rate paid on the entire balance in your account will be 0.05% with an annual percentage yield of 0.05%.
2 The combined balance is calculated by adding the lowest daily balance that occurred in each of your deposit and loan accounts during your statement cycle.
3 Non-Bank Independent ATM withdrawal fees charged by Bank Independent will be waived for eligible transactions. Non-Bank Independent ATM transactions posted after 2:30 p.m. on the last business day of the month will be applied to the next month's waived fees. Bank Independent will NOT refund ATM fees charged by the operating bank. Balance inquiry fees are not refundable.
4 Carrier data charges may apply.
5 An NSF/Overdraft fee will not be charged to an account if the ending daily balance in the account is overdrawn by $5.00 or less.
We will charge an NSF/Overdraft fee of $36 for each presentment that overdraws your account. We will not charge more than 6 NSF/Overdraft fees to your account in one business day. An NSF fee is a charge that is assessed when a presentment is returned by the bank due to insufficient funds in the account. An overdraft fee is a charge assessed when a presentment is paid by the bank on an account with insufficient funds. Standard overdraft practices apply when you have authorized us to pay, and we have agreed to pay checks and other transactions causing an overdraft through automatic bill payment and for checks and other transactions made using your account number. Whether your overdraft item will be paid is discretionary and we reserve the right not to pay. We will not authorize and pay overdrafts for ATM transactions or everyday debit card transactions unless you ask us to. Deposits are required within 45 days of an overdraft. If an overdraft is not paid in full within this period, your account is subject to close. See a Personal Banker for details on minimum balance requirements and monthly maintenance fees for all deposit accounts. (Schedule of fees)