Hardworking students (K-12) will be paid once a year when their report card is presented. Payments will be deposited into the student’s Illinois Bank & Trust savings or Free Checking with eStatement 1 account. The report card must be presented by the first day of the following school year.
|$20|| 3.00-3.49 |
|$25|| 3.5-3.75 |
|$30|| 3.76 OR GREATER |
If you do not earn a GPA, you can earn up to $5/A, $3/B or $1/C for a maximum payout of $30 2 .
There is no minimum balance required to obtain bonus. This can only be earned once per year. 1 Minimum deposit to open Free Checking with eStatements is $25.00 must be enrolled in estatements to avoid $2.50 paper statement fee. 2 Minimum balances to open a savings varies by product selected. For example our Passbook Savings pays 0.10% APY (Annual Percentage Yield) and requires $100.00 to open. APY is accurate as of 08/02/2017 . Other savings accounts are available and the APY vary based on the account opened. The rate may change after the account is open, fees may reduce earnings. Program guidelines may change without notice. An IRS form maybe issued.