Elite Checking earns 6.01% APY on balances up to $5,000 when you meet monthly requirements: direct deposit, 10 debit card transactions, and e-statement enrollment. Balances above $5,000 earn between 6.01% and 0.05%. If you don't meet the requirements in a month, your entire balance earns 0.05% APY.
Eligibility
Available nationwide
No state restrictions on this offer.
Credit-pull posture pending
We have not yet confirmed how this account is screened. Check with the institution.
How to get the Arrow Bank Elite Checking rate
- Enroll in online statements through internet or mobile banking.
- Have a recurring ACH direct deposit.
- Have a minimum of ten point of sale debit card transactions post in a statement cycle.
The fine print that matters
- Variable rate account; APY may change at the bank's discretion.
- For balances above $5,000, APY ranges from 6.01% to 0.05% depending on account balance.
- If eligibility requirements are not met in a statement cycle, entire balance earns 0.05% APY and ATM surcharge rebates will not be provided.
- If online statement enrollment is not met, there is a $3 monthly fee for paper statements.
- Fees may reduce earnings.
- Without the monthly qualifications the rate is 0.05% APY.
Verification and reports
Confirmed against arrowbank.com on Aug 18, 2026. Based on 0 field reports. Status Limited reports is computed from those reports, never hand-set.
Report your result
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Sources: arrowbank.com rate page (checked Aug 18, 2026)
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