Twin Cedars Bank

Earn 5.15% APY With Our High-Interest Bearing Checking Account 

Rewards high-interest checking account from Twin Cedars BankAt Twin Cedars Bank, we offer some of the best bank checking accounts in the industry. In addition to the competitive interest rates on our regular interest checking accounts and competitive Money Market Account rates, we now offer a Peak Rewards Checking Account! 

Whatever your needs, Twin Cedars Bank has a checking account option that will work for you. Twin Cedars Bank Peak Rewards Checking is a personal checking account option that can earn you an impressively high-interest rate. Twin Cedars Bank’s Peak Rewards Checking is our best checking account that comes with free Shazam Network ATM use when you meet basic activity requirements. 

Cedar Peak Rewards Checking Account Interest Rates & Qualifications 

To receive the higher interest rate on the first $50,000.00 of your new checking account you must meet the following qualifications each statement cycle:

  • Perform 10-point-of-sale debit card purchases that must post to and clear the account (ATM transactions do not qualify)
  • Have one or more direct deposits totaling at least $1,000
  • Maintain a daily average account balance of $500.00 or more
  • Enroll and receive free e-statements via online banking

Tier 1: Daily Balance Range: $50,000.00 and below and the interest rate is 5.03%. Depending on the balance in your account the Annual Percentage Yield (APY) will equal 5.15%.

Tier 2: Daily Balance Range: Greater than $50,000.01 the interest rate is 0.05% with an Annual Percentage Yield (APY) of 5.15-0.05%.

Cedar Peak Rewards Checking Account Features

Cedar Peak Rewards Checking also comes with great checking account features including:

  • Online checking account access
  • Free Mobile Banking (through the Twin Cedars Mobile App)
    • Instant Balance feature
    • Free mobile deposit
    • Transaction review
  • Free money transfers via Online Banking and Mobile Banking
  • Free balance inquiry via Online Banking and Mobile Banking
  • Free debit card
  • Personal check ordering capability 
  • Free E-statements (must be enrolled in through Online Banking)

If you’re looking for checking accounts with the best interest rates, our Peak Rewards Checking Accounts are the highest-interest checking account type offered. This bank checking account requires a $100 deposit to open, requires a $500 daily average account balance (or $10 plus tax maintenance fee). With these desirable checking account bonus features, this high-interest checking account is one of the best types of checking accounts out there!

If you are looking for other interest-bearing account options, Twin Cedars Bank has the best personal checking accounts and Money Market Accounts to provide you with all of the bank account options you could possibly need. Our personal banking experts are here to help you select and open a checking account today. We’re proud to offer premier banking services in Iowa. From helping you find the best checking account to personal loan advice, and everything in between!

*Annual Percentage Yield (APY), Rates effective 07/01/2023 and subject to change. 

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