SmartRate Checking: We Help You Earn More
Your Money Works Harder for You
We’re excited to offer you SmartRate Checking—it’s our way of helping your everyday banking earn more. You don’t need a huge balance to get premium interest rates, plus we’ll give you ATM fee refunds and rewards points on purchases. It’s banking that benefits you.
Benefits We’re Proud to Offer
- We’ll pay you higher interest rates on balances up to $10,000—more than most checking accounts1
- You’ll get up to $10 back monthly in ATM fees from other banks when you qualify
- We’ve got you covered with 55,000+ surcharge-free ATMs through our Allpoint Network partnership2
- You’ll earn rewards points with MyCapeRewards every time you use your debit card
- Everything’s included: free Online Banking, Bill Pay, and Mobile Banking3
- 100% deposit insurance through FDIC and DIF coverage, no matter your balance
How You Can Earn Maximum Benefits
- Keep at least $1,000 in your account each day
- Set up direct deposit or transfers totaling $1,000+ monthly—we can help you get this started
- Sign up for eStatements—they’re easier and more secure than paper
- Use your debit card for purchases at least twice each month (it’s that simple!)
Your SmartRate Questions Answered
We’re here to answer your questions about SmartRate Checking. Learn about features, requirements, interest rates, and how we help you maximize benefits.
What makes SmartRate Checking special?
We designed SmartRate to give you higher interest rates without big balances, plus ATM refunds and rewards points—it’s premium banking designed for real life.
How do I qualify for the monthly fee refund?
It’s simple: keep a daily balance of $1,000 or more, get $1,000 or more in direct deposits each month, use eStatements, and make two debit card purchases monthly. We’re here to help you meet these easily.
What interest rate will I earn?
You’ll earn our best checking rate on balances up to $10,000 when qualified. Above that, you’ll still earn a competitive rate.
How safe is my money with you?
Completely safe! You get 100% deposit insurance through FDIC and DIF coverage, no matter your balance—that’s unlimited protection for your peace of mind.
How do the rewards points work?
It’s automatic—you’ll earn points with every debit card purchase. Then redeem them for gift cards, merchandise, travel, and more through our MyCapeRewards portal.
| Balance | Interest Rate | APY* |
|---|---|---|
| Balance up to and including $10,000 | 1.00% | 1.00% |
| That portion of your balance that is greater than $10,000 | 0.25% | 1.00% to 0.40% |
* All rates and Annual Percentage Yields (APYs) are accurate as of the rate effective date and are subject to change without notice. The Annual Percentage Yield is the rate at which an account would earn interest over a one-year period if the stated interest rate remained in effect and all interest paid on the account was left in the account. Interest is compounded monthly on all accounts. Fees on your account could reduce earnings. Rate(s) may change after the account is opened. Cannot be combined with any other offers. Minimum deposit of $25 required to open account. If your daily balance is $10,000 or less, the interest rate paid on the entire balance will be 1.00% with an annual percentage yield of 1.00%. An interest rate of 0.25% will be paid only for that portion of your daily balance that is greater than $10,000. The annual percentage yield for this tier will range from 1.00% APY to 0.40% APY. For example purposes only, this APY range is calculated assuming account balances from $10,000.01 to $50,000.00.
Deposits insured by Federal Deposit Insurance Corporation (FDIC) and Depositors Insurance Fund (DIF). All deposits are insured in full.
Ready to Start Earning More?
Don’t let your checking account just sit there. We’re ready to help you open a SmartRate Checking account and start earning more from your everyday banking. It’s designed specifically for Cape Codders like you.
Easy Ways to Get Started
We’ve Got More Ways to Help You
SmartRate Checking is just one way we’re here for you. Discover all the personal banking solutions we’ve designed specifically for you.
1SmartRate Checking is available for personal, family, or household purposes only. Account is subject to $15 monthly service charge. Service charge will be refunded at the end of each Statement Cycle in which the account meets the following qualifications (Monthly Qualifications): Maintain minimum daily balance of $1,000; Direct Deposits or ACH credits totaling at least $1,000 post to and clear account; active enrollment in eStatements, and two point of sale debit card transactions post to and clear account. Up to $10 per month in non-C&CBATM fees will be refunded if Monthly Qualifications are met. The $15 monthly service charge for the first Statement Cycle is waived for newly opened SmartRate Checking accounts and refunded for existing checking accounts converted into SmartRate Checking accounts.
2Other banks may charge a fee for the use of their ATM
3There are no bank fees for this service, but standard wireless/data plan fees and/or text rates apply. Consult your provider.