what is advanced tiered checking
Tiered-Rate Account. What is a 'Tiered-Rate Account'. A tiered-rate account is a checking or savings account that pays interest in increasingly higher amounts as the account balance increases. Each tier corresponds to a range of account balances and interest rates earned by the customer if his or her balance falls within that range.
With MyAccess Checking, you also have the option to enroll in Keep the Change and save all that money! The next option is for people who keep a larger balance in their checking account. Itâs called Advantage with Tiered Interest Checking. This option has all the same advantages of the other two, but it also offers special rates on loans, no fee for money orderâs or cashierâs checks. It offers unlimited check writing with free checks as well as the option to trade stocks on line for little or no money.