Elite Checking

*Offer valid only on new accounts and new money not currently on deposit with Saratoga National Bank or any subsidiary of Arrow Financial Corporation. Elite Checking is a variable rate account and the Annual Percentage Yield (APY) may change at the Bank’s discretion. To earn the APY stated above and receive the rebate of ATM surcharges up to $15 per statement cycle, eligibility requirements must be met. For daily balances of $5,000 and under, the APY paid on the entire balance will be 6.01%. For the portion of the daily balance that is greater than $5,000 the APY will range from 6.01% to 0.05% depending on the balance in the account. ELIGIBILITY REQUIREMENTS: Individuals must have a recurring ACH direct deposit; be enrolled in Online Statements through Internet or Mobile Banking and use their debit card ten (10) times in a statement cycle to qualify for this account. Debit card usage does not include ATM transactions. Debit card transactions that are in a pending status at time of statement cycle cutoff will not count toward eligibility requirements. Direct Deposit is recurring income electronically deposited into your checking account and may include salary, pension, Social Security and Supplemental Security Income (SSI) benefits and other regular monthly income. A statement cycle is the period of time between account statements. If eligibility requirements are not met in a statement cycle, the entire balance will earn an APY of 0.05% and ATM surcharges will not be rebated. The minimum deposit to open Elite Checking is $5. If Online Statement enrollment is not met, there is a $3 monthly fee for paper statements. Fees may reduce earnings. Annual Percentage Yields (APYs) are accurate as of 07/15/24.