{"slug":"arrow-bank-elite-checking-rate","category":"bank","institutionSlug":"arrow-bank","product":"Elite Checking","title":"Arrow Bank Elite Checking: 6.01% APY","bonus":"6.01% APY","unit":"cash","amount":0,"reqShort":"Direct deposit + 10 debit txns + e-statements monthly","expiresOn":null,"status":"live","verifiedOn":"2026-08-18","reports":0,"openIssues":0,"states":null,"referralGated":false,"hardPull":false,"chex":"Pending verification","fee":"","keep":"","posts":"","applyDomain":"arrowbank.com","applyUrl":"https://www.arrowbank.com/personal/checking","summary":"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.","reqSteps":["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."],"finePrint":["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."],"apy":601,"apyTerm":"ongoing APY, variable rate","listedOn":"2026-08-18","listedAt":"2026-08-18T13:02:54.485Z","memberReports":[],"history":[],"ruleIds":[],"sources":[{"label":"arrowbank.com rate page","url":"https://www.arrowbank.com/personal/checking","checkedOn":"2026-08-18"}],"needsVerification":false}