Most high yield checking accounts require large balances or a minimum number of debit card purchases per month in order to earn rewards or waive fees.
R2 Checking is different.
When paired with a GreenState Platinum Rewards Mastercard, the earnings potential and convenience of R2 Checking is a combination that’s hard to beat. Our Platinum Rewards Mastercard has no annual fee and earns 3x points on gas, 2x points on groceries, and 1x point for every dollar spent on other purchases.
This estimation tool is provided for illustration purposes only. It assumes that purchases are made with a GreenState Platinum Rewards Mastercard and that the R2 Checking account qualifies for the premium dividend yield each month. Actual results may vary.
Purchases made with a GreenState Platinum Rewards Mastercard earn 3x points on gas, 2x points on groceries, and 1 point for every dollar spent on everything else. Merchants who accept Mastercard credit cards have an assigned merchant code that is determined by the merchant or its processor based on the kinds of products and services they primarily sell. GreenState makes every effort to identify relevant merchant codes that fit into one of the bonus points categories of purchases. A purchase will not earn extra bonus points if the merchant’s code is not eligible. In some cases, even though a merchant may sell items that fit within a bonus category, if the merchant does not have a merchant code in that bonus category the purchase will not earn extra points. Purchases made through third-party payment accounts, mobile card readers, mobile wallets or other similar technologies may not qualify for bonus points if the technology is not set up to process the purchase with a merchant code that has been identified as falling within a bonus points category. The accepted MCC codes by category are: Gas: 5169, 5172, 5541, 5542; Grocery: 5411, 5422, 5441, 5451, 5462, 5499
APY is Annual Percentage Yield. APY is accurate as of the last dividend declaration date. 2.00% APY paid on balances up to $19,999.99 and 0.15% APY paid on funds exceeding $20,000. Requirements to earn premium yield 1) Fifteen or more GreenState Credit Union credit card purchases averaging at least $10 must post to the card between the first day of the month and the second to last day of the month. Transactions posted on the last day of the month will be applied to the next month's totals. 2) An ACH/Direct Deposit or ACH withdrawal of at least $100 must post and clear the account (internal transfers excluded). If qualifiers are not met, 0.01% APY will be paid on all balances. Any points earned on the credit card will still accrue even if these requirements are not met. May choose between e-Statements (free) or paper statements ($2.50 per month). Fees could reduce earnings.