Earning Rewards is Easy
Earn premier rates on your everyday balance based on direct deposit and qualifying banking transactions completed during each statement cycle.
Direct deposit plus 7 or more qualifying banking transactions
Direct deposit plus 4 to 6 qualifying banking transactions
Direct deposit plus 1 to 3 qualifying banking transactions
This tiered structure allows this high interest checking account to provide increased earning potential based on active account use.
Benefits of the Vertical Rewards Checking Account
Checking Account with High Interest Rewards
Unlike traditional checking accounts that may earn little or no interest, this high interest checking account offers competitive APY tiers based on qualifying transactions.
Low Monthly Maintenance Fee**
Vertical Rewards Premier Checking is designed to deliver value, with a low monthly maintenance fee structure. Refer to account disclosures for details on fees and how they may be avoided.
Unlimited ATM and Debit Card Transactions
Enjoy the flexibility of unlimited ATM and debit card transactions, allowing convenient access to your funds whenever you need them.
Top-Rated Mobile App for Convenient Access
Manage your high interest checking account through BankUnited’s mobile app. Check balances, transfer funds, deposit checks, and monitor activity securely from your mobile device.
You can also pair a rewards checking account with other deposit products, such as a money market account, to support different savings goals.
What Qualifies as a Transaction?
- Additional direct deposits via ACH
- Automatic debits via ACH
- Point-of-sale transactions using a BankUnited VISA® debit card
- Checks posting to and clearing from your account
Earn Interest Rewards on Your Account
To open this rewards checking account, follow these 3 easy steps:
If you’re building a broader financial strategy, combining a rewards checking account with other savings products may help you manage both everyday spending and long-term goals.
Set up direct deposit to the checking account and automatically earn 3.00% APY* for the first 3 months.
After the 3 months, your account will earn the interest rate rewards based on the number of qualifying transactions completed during each statement cycle.
Continue earning rewards for your everyday banking transactions.
What is a Rewards Checking Account?
These accounts are structured to reward customers who use direct deposit, debit card purchases, and electronic transactions while maintaining everyday liquidity.
If you’re exploring additional ways to grow your savings, you may also want to review:
Frequently Asked Questions
Is this account FDIC insured?
Yes. Deposits are FDIC insured up to applicable limits.
We're Here to Help You
Have a question about our products or services? We’ve got multiple ways you can get in touch with a Client Care Center representative.
*A Vertical Rewards Premier Checking Account (the “Account”) is a variable interest rate account. During the first 3 statement cycles following account opening (the “Introductory Period”), the annual percentage yield (“APY”) for daily collected balances, up to and including $250,000, may be a maximum of 3.00% APY, provided that a direct deposit via ACH has posted to the Account each statement cycle. If a direct deposit does not post to the Account during a statement cycle during the Introductory Period, all daily collected balances, up to and including $250,000, will earn the base interest rate of 0.25% APY (“Base Interest Rate”) for that statement cycle, and the Account will still be eligible to earn rewards during the next cycle. All daily collected balances greater than $250,000 are not eligible to, and will not, earn the Base Interest Rate or any interest rate rewards. After the Introductory Period, the APY on daily collected balances, up to and including $250,000, in the Account may range from 0.25% APY to 3.00% APY depending upon (i) a direct deposit via ACH, and (ii) a minimum of seven (7) additional qualifying banking services transactions post to your Account. If the direct deposit and/or the minimum number of Qualifying Services are not met during a statement cycle, all daily collected balances, up to and including $250,000, will earn the Base Interest Rate for that statement cycle. APYs stated herein are accurate as of 2/10/2025. APYs stated herein are established by BankUnited, N.A. (“BankUnited”) in its sole discretion and may change at any time. Balances greater than $250,000 are not eligible to, and will not, earn interest or rewards. Minimum opening deposit is $10,000. Transactions must post and settle to the Account during the applicable statement cycle. Banking services transactions may take one or more business days from the transaction date to post to the Account.
**A $20 monthly maintenance fee will be assessed if the average balance in the Account falls below $10,000 during a statement cycle. Fees may reduce earnings. Additional fees, terms and conditions apply. Please refer to our applicable product disclosures Deposit Account Agreement and Schedule of Fees for additional information. BankUnited reserves the right to cancel or modify this offer at any time without notice. Offer is for new consumer accounts only. Please contact a BankUnited representative for additional details.
A $2.50 fee will be charged for each transaction performed at a non-proprietary ATM that is not within the Allpoint Network. Fees charged by the ATM owner/operator may also apply.