Forward Bank
Momentum Checking
Swipe, spend, and save big! Grow you savings effortlessly when you start earning a higher interest rate on your checking account!
Features
- Premium Interest Rate (Posted Monthly)
- No Minimum to Open
- No Monthly Fee
- Unlimited Monthly Transactions
- Free Debit Card
- Mobile Wallet Access
- Digital Banking (Online + Mobile Banking)
- Overdraft Protection Available
Qualifications
To earn the premium interest rate, the following transactions and activities must be met for your Momentum Checking Account during each month:
- At least ten debit card purchases of at least $5
- Receive at least one ACH direct deposit of at least $500
- Sign into digital banking at least once
- Account is enrolled in eStatements
| Account | MINIMUM TO OPEN | INTEREST RATE | APY** | AVERAGE DAILY BALANCE TO EARN APY** |
|---|---|---|---|---|
| Momentum Checking*† (Requirements are met) | $0 | 3.00 | 3.03 | $0 - $15,000.00 |
| $0 | 0.01 | 0.01 | $15,000.00+ | |
| Momentum Checking*† (Requirements are NOT met) | $0 | 0.01 | 0.01 | $0 |
These interest rates are subject to change without advance notice.
APY assumes interest is added to account.
**APY=Annual Percentage Yield.
*Rates could change after account is opened.
† APY is paid on balances up to, and including, $15,000.00 provided all other account requirements are met for the current statement cycle. For balances $15,000.01 and above, the interest rate and APY of 0.01% will be paid on the portion of your daily balance that is $15,000.00 or greater. If requirements are not met, the interest rate of 0.01% APY will be applied to all balance amounts.