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^*CASH BONUS DETAILS. You can only enroll by visiting a Webster banking center. Enrollment does not occur until you have made the new money minimum deposit for the tier you select. You may choose only one bonus tier and are eligible for only one bonus payment.

$1,000 Bonus Qualifications: Deposit between $100,000 and $249,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $100,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $500 with a maximum payout of $1,000.

$2,000 Bonus Qualifications: Deposit between $250,000 and $499,999 from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $250,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $1,000 with a maximum payout of $2,000.

$3,000 Bonus Qualifications: Deposit $500,000 or more from a source outside of Webster Bank (“new money minimum”) into a new or existing Private Checking account and have qualifying direct deposits totaling $1,000 or more made to this account during the statement cycle and maintain ≥ $500,000 in average daily balances during the statement cycle. Each statement cycle that you satisfy these conditions, you will receive a payout amount of $1,500 with a maximum of $3,000.

Once you deposit the new money minimum related to the tier you have selected, you are locked into that tier, and if the average daily balance falls below the amount required for that tier, you will not receive a cash bonus payment.

You will not be enrolled until you have deposited the new money minimum for the applicable tier, as confirmed by Webster Bank. This offer is valid for up to the first three statement cycles after you have been enrolled. If the promotional qualifications are met, as confirmed by Webster, the cash bonus payment will be paid on the last day of the evaluated statement cycle. Your account must be open at the time the bonus is credited. Prior to account opening or increase in balance to your existing account, this offer can be revoked at any time. New accounts subject to approval. You must be enrolled before this offer ends on December 31, 2024.

Cash bonus will be reported as income on IRS Form 1099-INT. Offer is available on one (1) Private Checking account per client and cannot be combined with other offers. A “Qualifying Direct Deposit” is an Automated Clearing House (ACH) credit from your employer or the government for your paycheck, pension or governmental benefits (such as Social Security). It does not include transfers from one account to another or person to person payments made through services such as Zelle, Venmo, PayPal, Cash App and Google Pay.

Private Checking. Minimum opening deposit of $25 is required. You can avoid the $30 monthly maintenance fee by keeping $25,000 in checking or $50,000 combined deposit balances, including CD’s, OR $100,000 in investment balances (Please note: it can take 14 days for balances of new or previously unlinked LPL accounts to be included).

Private Checking earns interest and is a tiered rate product. The APY (Annual Percentage Yield) is accurate as of 07/15/2024. The APY on balances between $0 and $49,999 is 0.01%, balances between $50,000-$99,999 is 0.01%, balances between $100,000- $249,999 is 0.01%, balances between $250,000-$499,999 is 0.01%, balances $500,000 or greater is 0.01%. The APY is subject to change at any time. Fees may reduce earnings.