Young man using his First Fed debit card
REWARDS CHECKING

Get More from Every Dollar

Start earning a premium 5.00% APY* on balances under $10,0001—no monthly fees, no hassle. With our high yield checking account, your money doesn’t just sit there—it works hard to grow while giving you the flexibility and convenience you need. 

Open Rewards Checking

 

 

 

Dollar bills coming out of a wallet

Get Rewarded - You've Earned It.

Put your hard-earned money to work and watch it grow faster with our premium rate – over 50x the national average! Rewards Checking is packed full of convenient features like a debit card, online banking, and a mobile app for quick and easy check deposits, bill pay, and money management. You’ll also enjoy:

  • No Monthly Fees: Keep your money where it belongs—working for you.
  • High Earnings on Everyday Balances: Whether you’re saving for a goal or just managing your daily finances, our competitive 5.00% APY puts you ahead.

Open your Rewards Checking account now to enjoy unmatched earnings and exclusive access to our high-yield savings option.

Open Account with 5.00% APY

Please review the APY qualifications in the FAQ below

 

 

 

 

Compare the National Average to the First Fed Rewards Checking Account.

NATIONAL AVERAGE CHECKING

Balance
$10,000

Yearly Interest Earned

$7

Interest Rate
0.07% APY*

REWARDS CHECKING

Balance
$10,000

Yearly Interest Earned

$500

Interest Rate
5.00% APY*

Our Rewards Checking account features:

 

Debit Card

Your Debit Card

Enjoy a contactless debit card and tap-to-pay for quick, easy payments.

Mobile Banking

Online and Mobile banking

Easy access to mobile deposit, Bill Pay, P2P payments, and more!

Mobile Pay Icon

Mobile Pay

Link your debit card with ApplePay, GooglePay, or SamsungPay to pay with your phone.

 

ATM/ITM

37,000+ in-network ATMs

Free nationwide access to cash withdrawals. ATM finder.

Credit Score Icon

Credit Monitoring

Stay on top of your financial health with free credit score monitoring.

 

Customer Support

Customer Support

We’re here to help via live chat, over the phone at 800-800-1577, and in-person at one of our branches.

 

 

FAQs

 

1 How Can You Keep Earning the Premium 5.00% APY?

Simply meet these easy qualifications each month:

  • Enrolled in eStatements through Online Banking.
  • Make 10 debit card purchases.

Is there a maintenance fee on this account?

There is no monthly maintenance fee on our Rewards Checking account!

 

Does this account have overdraft protection?

Rewards Checking features our standard overdraft practices. Learn more about our available overdraft protection plans.

 

Rewards Checking

Balance Interest Rate APY* Type of Interest Minimum Deposit to Open
Qualifying balances** less than $10,000 5.00% 5.00% Simple $25
Qualifying balances** >= $10,000 1.00% 5.00%-2.60%*** Simple $25
Non-Qualifying balances** 0.10% 0.10% Simple $25

Interest Rates Effective: 05/01/2025

Revised: 04/30/2025

*APY is Annual Percentage Yield. APY assumes principal and interest remain on deposit for one year at the same interest rate. Interest rates and APYs subject to change without notice. Fees could reduce earnings.  

**The interest rate/APY you earn will depend on whether you meet Rewards Qualifications for each monthly statement cycle as outlined in your Rewards Checking Truth in Savings Disclosure. If you don’t meet the Rewards Qualifications, your entire balance will earn the non-qualifying interest rate and APY. 

***The APY range assumes a sample deposit of $25,000.