Welcome to New Deal Checking

New Deal Checking is a unique and innovative checking account that brings a twist to free checking. Decidedly different than other checking accounts, New Deal Checking is designed to give you exceptional benefits.

Four Free and Easy Requirements

  • 10 debit card purchases
  • 1 direct deposit or 2 ACH auto debits
  • Enroll and receive electronic statements
  • Login to online banking

Here's What Happens if You Meet the Requirements

  • 3.25% APY paid on balances up to $50,000
  • 1.26% APY paid on the portion of balances above $50,000
  • Your ATM fees will be refunded up to $25 per month.

Here's What Happens if You Don't

  • You'll receive 0.10% APY on your entire balance
  • Your account will function as a Free checking account (no monthly maintenance fees)
  • However, your ATM fees will not be refunded.

Frequently Asked Questions

An annual percentage yield (APY) of 3.25% will be paid on daily collected balances up to $50,000, and 1.26% APY will be paid on all amounts above $50,000 each statement cycle the four free and easy requirements are met. Rates are effective . This is a variable rate account, and the interest rate and APY may change at any time after the account is opened. The minimum balance to open this account is $100.00. There is no monthly maintenance fee and no minimum balance requirement to be met after account opening. This product is available on personal accounts only. Four free and easy requirements to receive the maximum APY and ATM refunds include using your New Era Bank Debit Card for 10 or more point-of-sale purchases per statement cycle (excluding ATM transactions), establishing at least one monthly direct deposit or two monthly recurring ACH auto debits per statement cycle, accessing your online banking account at least once per statement cycle, and maintaining a valid email address in order to receive monthly bank statements over the internet. If you do not meet the four free and easy requirements per statement cycle, your account will earn 0.10% APY on daily collected balances and will function as a free checking account with no monthly maintenance fee, however, it will not receive ATM fee refunds for that cycle period. ATM refunds apply to non-New Era Bank ATM Fees and other non-proprietary ATM surcharges incurred at domestic ATMs which will automatically be refunded at the end of each statement cycle if the four free and easy requirements have been met. ATM fees for each cycle will be refunded up to $25.00 per statement cycle, limited to $5 per transaction. Member FDIC