PayBack Savings

PayBack Savings is our high-yield savings account that rewards members who use multiple services. Once you qualify, this online savings account typically earns a rate higher than a comparable certificate – without the restrictions such as fixed terms or minimum balance requirements. Our tiered dividends mean the more you save, the more you earn.

Features
High-Yield Savings Account
No minimum or maximum balance
Open as many as nine PayBack accounts and create custom names for each, to make budgeting easier
Unlimited electronic transfers using Online, Telephone and/or Mobile Banking
4 non-Family Trust ATM fees refunded monthly
Tiered dividends mean the more you save, the more you earn
Choose Four To Qualify
Personal checking account with 10 signature transactions per month with a debit and/or credit card1
Active online or mobile banking2
Direct deposit3
Active consumer loan4
Mortgage loan5
Active credit card6

Must meet four out of six qualifications each dividend period to earn the PayBack rate. If qualifications are not met, the rate earned will be equal to current prime share and IRA share rate respectively. (1) Must have a personal checking account in good standing (checking account exclusions: Business Checking and HSA Checking). And use a debit card and/or credit card as signature-based transaction a minimum of 10 times per month. Debit and credit card transactions must post and clear the account in order to be counted in the current cycle. Debit and credit card transactions processed as PIN-based or at the ATM do not qualify. (2) Must log in to online banking or mobile banking at least once per month to be considered active. (3) Must have a monthly ACH direct deposit of at least $100. (4) Active consumer loans include auto loans, personal loans, home equity loans, or home equity lines of credit. Must have at least one transaction per month to be considered active. A transaction is defined as a payment, purchase, cash advance, or balance transfer. (5) Mortgages originated with Family Trust, whether serviced or sold will qualify. (6) Must have at least one transaction per month to be considered active. A transaction is defined as a payment, purchase, cash advance, or balance transfer.

PayBack Savings Account Rates

4 APY = Annual Percentage Yield correct as of 12/1/15. Dividends are compounded and credited monthly. Rate is subject to change without notice after account is opened. No minimum deposit to open. Must meet four out of six qualifications each dividend period to earn the PayBack rate. If qualifications are not met, the rate earned will be equal to current prime share and IRA share rate respectively. (1) Must have a personal checking account in good standing (checking account exclusions: Business Checking and HSA Checking). And use a debit card and/or credit card as signature-based transaction a minimum of 10 times per month. Debit and credit card transactions must post and clear the account in order to be counted in the current cycle. Debit and credit card transactions processed as PIN-based or at the ATM do not qualify. (2) Must log in to online banking or mobile banking at least once per month to be considered active. (3) Must have a monthly ACH direct deposit of at least $100. (4) Active consumer loans include auto loans, personal loans, home equity loans, or home equity lines of credit. Must have at least one transaction per month to be considered active. A transaction is defined as a payment, purchase, cash advance, or balance transfer. (5) Mortgages originated with Family Trust, whether serviced or sold will qualify. (6) Must have at least one transaction per month to be considered active. A transaction is defined as a payment, purchase, cash advance, or balance transfer.

Min. Deposit to Open Min. Balance Tiers APY4 / Dividend Rate
none $0 0.60% / 0.60%
none $20,000 1.00% / 1.00%
none $100,000 1.25% / 1.24%

“The interest rate for PayBack Savings really appeals to me – It’s the best around here. I like not tying up my money in case I see something I want.”

Don
Members since 1985

“I LOVE PayBack! I moved but kept my accounts because of it. Where else can I get 24/7 access, have ATM fees refunded, and higher card dividends?”

Rebecca
Members since 1999

“I remember the days where there was 18% interest – those rates are non-existent today. So at these rates, it’s the perfect place for my wife and I to keep our savings – for the short and long-term."

John
Member since 2011

“I love it because of it’s high interest rate, and it’s very flexible. It’s not like a CD where its locked in for years. Add money and take it out whenever you need it. It’s a very flexible savings account.”

Sammy and daughter Justina
Members since 2012

“I’m a huge fan of Family Trust, and I like Payback Savings! My wife and I have an emergency fund Payback and one for our travel fund. We like that we can access the money whenever we need it!”

Dennis
Member since 2006

Balancing Act: Saving for Both Retirement and College

Linda and Peter are worried about their financial future. “We want our one-year-old son, Raymond, to go to college, but we’re concerned that in 17 years, the cost might be more than we can afford,” says Peter. “We also need to save for our retirement,” adds Linda. “Can we reach both of these goals?”