Earn really high interest — and ATM refunds —
just for using the free services that come with your account!*
- Free checking that pays high interest
- 1.75% APY* on balances up to $5,000
- 1.75% to 0.27% APY (Annual Percentage Yield) on balances over $5,000 depending on balance in account*
- 0.05% APY* if qualifications aren't met
- Refunds on ATM withdrawal fees, nationwide (up to $25 monthly, $4.99 maximum per transaction)
- Link to free CNB Savings to build savings automatically
- No minimum balance to earn rewards
- No monthly service fee
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free eStatements
- Free Mastercard® debit card
- Overdraft Privilege (ODP) available
- Checkmate Lines of Credit available
- $50 minimum deposit to open
Easy Banking Basics Are Your Key to Rewards!
To earn your rewards, enrollments must be in place and all of the following transactions and activities must post and settle to your CNB Interest account during each Monthly Qualification Cycle:
- At least 12 debit card purchases
- Be enrolled in and agree to receive eStatements
- Be enrolled in and log into online banking
Simple! And don't worry if you don't meet your qualifications one month — your account is still free and will earn our base interest rate. Then you can get right back to earning your full rewards the very next month!
CNB Interest- a free variable rewards checking account with no minimum balance that rewards accountholders with interest and nationwide ATM fee refunds when they meet minimum qualifications during the account's Monthly Qualification Cycles. When CNB Interest qualifications are met during a Monthly Qualification Cycle. An interest rate of 1.7361% will be paid on the portion of your daily balance that is less than or equal to $5,000 and the non-compounding Annual Percentage Yield for this tier is 1.7500%. Tier 2: An interest rate of 0.1998% will be paid on the portion of your daily balance that is greater than $5,000 resulting in non-compounding annual percentage yield for this tier ranging from 1.7500% to .2700% depending on the account's balance. When your CNB Interest account qualifications are not met the interest rate paid on the entire balance will be .0499 with an annual percentage yield of .0500%. Earn rewards by having the following transactions and activities in your CNB Interest Bank account during each Monthly Qualification Cycle: Have at least 12 debit card purchases post and settle, be enrolled in and agree to receive e-Statements, be enrolled in and log into online banking. Transactions and activities may take one (1) or more Business Days from the date the transaction or activity occurred to post and settle to the account. The following activities do not count toward earning account rewards: ATM processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, debit card transactions, non-retail payment transactions and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. "Monthly Qualification Cycle" means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle. "Statement Cycle" means the period of time for which Citizens National Bank of Cheboygan provides a summary of the financial activities and transactions that post and settle to the accountholder's account. APY = Annual Percentage Yield. Rates and rewards are variable and at our discretion may change after account is opened without notice to you. Fees may reduce earnings. APY calculations are based on an assumed total account balance of $110,000. $50 minimum deposit is required to open the account. This account is not to be used for commercial purposes and there is a limit of 1 account per social security number. Enrollment in electronic services (e.g. online banking, electronic statements) may be required to meet some of this account's qualifications. There are no fees to open or close this account. There are no recurring monthly service charges associated with this account. Account approval, qualifications, limits and other requirements apply. Member FDIC.