Free Thrive Rewards Checking

• Free checking that pays high interest
• 5.25 APY* on balances up to and including $25,000
• 5.25% to 1.45% APY on balances over $25,000 depending on balance in account*
• 0.05% APY* on all balances if qualifications aren't met
• Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)*
• Link to free Thrive Savings to build savings automatically
• No minimum balance to earn rewards
• No monthly maintenance fee
• $50.00 minimum deposit to open

Qualifications to Earn Rewards

Enrollments must be in place and all of the following transactions and activities must post and settle to your Thrive Rewards Checking account during each Monthly Qualification Cycle

• At least 15 debit card transactions, minimum of $3.00 per transaction
• At least 1 direct deposit or ACH payment transaction(s)
• Be enrolled in and agree to receive e-statements

And if you don’t meet these qualifications, don’t worry — your account is still free. Plus, you’ll still earn our base rate. And you can get right back to earning your full rewards the very next cycle that you qualify.

Visit your local Sturgis Bank branch to open your Thrive account today.

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Thrive Cycle Dates

Qualification Information:
Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, card purchases less than $3.00, debit card purchases processed by merchants and received by our bank as ATM 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) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. Visit our website www.sturgis.bank or contact one of our Personal Bankers for specific Monthly Qualification Cycle dates.

Reward Information:
When your Thrive Rewards Checking account qualifications are met during a Monthly Qualification Cycle, daily balances up to and including $25,000 in your Thrive Rewards Checking account earn an interest rate of 5.12775% resulting in an APY of 5.25%; and daily balances over $25,000 earn an interest rate of 0.49886% on the portion of the daily balance over $25,000, resulting in a range from 5.25% to 1.45% APY depending on the account's daily balance. You will receive reimbursements up to an aggregate total of $25.00 for nationwide ATM withdrawal fees incurred within your Thrive Rewards Checking account during that Monthly Qualification Cycle. We reimburse ATM withdrawal fees based on estimates when the withdrawal information we receive does not identify the ATM withdrawal fee. If you have not received an appropriate reimbursement, we will adjust the reimbursement amount if we receive the transaction receipt within sixty (60) calendar days of the withdrawal transaction. NOTE: ATM fee reimbursements only apply to Thrive Rewards or Thrive Cash Back transactions via ATM; Thrive Savings ATM transaction fees are not reimbursed nor refunded. When your Thrive Rewards Checking qualifications are not met, the interest rate earned on the account's entire daily balance will be 0.04999% resulting in an annual percentage yield of 0.05% and ATM withdrawal fees are not refunded. Interest will be credited to your Thrive Rewards Checking account on the last day of the current statement cycle. Nationwide ATM withdrawal fee reimbursements will be credited to your account on the last day of the current statement cycle.

APY = Annual Percentage Yield. APYs accurate as of July 17, 2024.

APY calculations are based on an assumed balance of $25,000 + $100,000 in your Thrive Rewards Checking account and an assumed statement cycle of thirty-one (31) days. Rates, rewards, and bonuses, if any, are variable and may change after account is opened; rates may change without notice to you. No minimum balance is required to earn or receive the account's rewards. Rewards less than a penny cannot be distributed. Fees may reduce earnings.

Additional Information:
Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $50.00 minimum deposit is required to open the account. Enrollment in electronic services (e.g. online banking, e-statements) and log-ons may be required to meet some of the account's qualifications. Limit of one (1) account per primary Social Security Number. There are no recurring monthly maintenance charges or fees to open, close or convert this account. Advertised information and rewards are based on all account qualifications being met during each cycle period. Contact one of our Personal Bankers for additional information, account details, restrictions, reward calculations, processing limitations, cycle dates and enrollment instructions. Member FDIC.