$50 required to open Greater Checking, Classic and Premium accounts. $1000 required to open Prestige account. $0 required to open Basic Blue and Second Chance accounts. $100 required to open Entrepreneur account. $500 required to open Business account. $1000 required to open Commercial account.
Fees could reduce earnings on account. Rates may vary after the account is opened. APY is accurate as of the date listed above.
**Greater Checking qualifications to earn higher dividend rate:
Personal accounts only, limit one account per tax identification number, and must be aged 18 years or older.
These requirements must be met, post, and settle during the monthly qualification cycle in order to receive the high dividend rate and other benefits:
• Have a share (membership) account with a minimum balance of $5.00,
• Have at least twenty (20) debit card purchases totaling $100 (PIN based or signature based) from Greater Iowa debit card, and the purchases must post and settle prior to the close of business on the last business day of the month,
• The membership associated with Greater Checking account must elect to receive electronic statements (e-Statements) in lieu of paper statements by registering or linking for e-Statements with a valid email address,
• Have a direct deposit of at least $100 per month in the Greater Checking account or at least one payment made via Greater Iowa bill pay from the Greater Checking account (internal transfers are excluded and do not qualify) prior to the close of business on the last business day of the month.
If eligibility requirements are met for the monthly cycle, all ATM-use fees assessed by Greater Iowa or other financial institutions for using a non-credit union machine will be refunded up to a maximum of $10.00 per month. This does not include insufficient funds fees (NSFs) or uncollected funds fees. ATM-use fee refunds will be credited to your account by the 5th of the following month.