Earn competitive interest with Direct Interest Checking
Looking for a checking account that does more than just help you hold on to your money? If you’ve ever wondered, “do checking accounts earn interest?” you’re in the right place! With a Direct Interest Checking Account from West Plains Bank and Trust Company, you can earn interest without giving up the convenience and features of a standard checking account.
This simple, straightforward checking account lets you earn on your balance at a competitive interest rate. Our Direct Interest Checking accounts offer convenient features like direct deposit, a free debit card, and no minimum balance.
Use the power of compounding interest to build your balance while you bank, with no hidden monthly fees or service charges! Open a Direct Interest Checking Account online today!
How Does A Direct Interest Checking Account Work?
Standard checking accounts offer convenience and life-friendly features, but they usually don't pay an interest rate on your balance like a savings account. A Direct Interest Checking Account is the best of both worlds: the flexibility of a checking account with the earning potential of a savings account!
Direct-Interest Checking is an account that allows you to earn an interest rate so your money grows over time. Interest is a type of reward that you earn for allowing a bank to borrow your money for loans and other customer transactions. An interest rate is a percentage paid by the bank for allowing them to use your bank balance every month.
The more money you have in your checking account, the more you earn! Best of all, because West Plains Bank and Trust Company is an FDIC insured institution. There’s absolutely zero risk for you.
A Direct Interest Checking Account pays great rates on your account balance. Simply set up a direct deposit or automatic payment to qualify for your Direct Interest Checking Account, and you'll earn a competitive monthly interest rate, helping your money make money!
It's the smart way to earn interest while still taking advantage of all the convenience, online bill pay features and instant access to funds you'd expect from a standard checking account.
Starting a Direct-Interest Checking Account is easy! Just:
- Make a $50 minimum deposit to open an account.
- Use your account as needed, making additional deposits as you receive funds
- We'll pay a competitive interest rate on your balance each statement cycle!
Other Features of Direct Interest Checking Accounts
A Direct Interest Checking Account from West Plains Bank and Trust Company has a host of other great features, including…
- Free debit card
- Easy to understand account requirements, including no minimum balance or monthly fees
- Free digital banking
- Free mobile banking through your phone, with mobile deposit
- Free eStatements or paper statements
- Free thank you gift* at account opening
- Buyback of unused checks and debit cards** when you switch from another bank
*Free gift may be reported on a 1099-INT or 1099-MISC. Free gift provided at the time of account opening. We reserve the right to substitute a gift of similar value.
**Up to $10 for checks or debit cards from another financial institution, given at the time the checks or debit cards are presented.
Who Qualifies for a Direct Interest Checking Account?
Almost anyone in Southern Missouri or North Central Arkansas who needs a checking account that pays a monthly interest rate can qualify for a Direct Interest Checking Account! No monthly fees or hidden charges. All you need is a $50 minimum opening deposit and an automatic deposit or payment to get started.