Win/Win Money Market

Win/Win Checking®

Legacy Bank’s head-turning, market-leading, cash-earning checking account is getting a new and improved makeover.

Win/Win has been around for more than a decade with little change other than tweaks to the earnings rates as the Federal Reserve has moved rates around. Now it’s time for updates and improvements. Here are a few of the considerations behind the changes:

Interest rates appear to be staying low, near zero, for the foreseeable future, creating challenges for interest bearing accounts like Win/Win.
Banking rules have changed removing some key restrictions on an account type known as Money Market accounts. There is no longer a limit to the number of payments or withdrawals you can make from a Money Market account. By changing Win/Win Checking to Win/Win Money Market, we move to more options and higher earnings potential for you.
Since the beginning of the Win/Win account, the way people use an account has changed. We used to write checks. Now we use our debit cards for most everything, many times even substituting the card for cash for even small purchases.

Let’s see the new Legacy Bank Win/Win Money Market.

Starting with what is NOT changing: Win/Win still includes—at no charge—

Mobile Banking
e-banking
Bill-Pay
e-statements
a Legacy VISA® debit card
a network of no-fee ATMs
plus, if you reach the minimum of 12 transactions for at least $250 in purchases we will reimburse your account for non-Legacy ATM surcharges fees up to $3.00 for each withdrawal up to 6 per month as long as you withdraw at least $100.

And the main thing that is NOT changing: Win/Win is still a bank account that pays you! And, with the new version, the higher the dollar volume of your purchases using your debit card, the more you earn. As is typical with many Money Market accounts, there are earnings tiers. Here’s where the new Win/Win gets even more winning.

You can earn extra interest if you use your debit card at least 12 times a month—not a day, not a week, but a month, and;

Use your debit card for at least $250.00 during the month and earn .50% APY on the first $100,000 of balances.

Now, think 1-2-3.

Use your debit card for at least $1,000 during the month and earn 1.00% APY on the first $15,000 of balances and 0.50% APY on the next $85,000 of balances.
Use your debit card for at least $2,000 during the month and earn 2.00% APY on the first $15,000 of balances and 0.50% APY on the next $85,000 of balances.
Use your debit card for at least $3,000 during the month and earn 3.00% APY on the first $15,000 of balances and 0.50% APY on the next $85,000 of balances.

You also get great service from Oklahoma’s Best Bank.*

What do you need to do? If you don’t have Win/Win yet, give us a call or click here to open your account online. If you are a current Win/Win customer, you don’t need to do anything. Your account will move to the new Win/Win Money Market beginning November 1, 2020. And as always, to maximize your earnings, use your Legacy Bank VISA® check card as your go-to payment method. Purchasing power equals earnings power.

Exclusively From Legacy Bank Win/Win Money Market

*When we say “Oklahoma’s Best Bank” we mean that when given a choice our loyal customers always choose us, and our employees wouldn’t choose any other bank to be a part of.

Effective 11/1/2020

View Win/Win Money Market Disclosures

Win/Win Money Market Disclosures

MONTHLY STATEMENTS

All Win/Win Money Market accounts receive a monthly statement electronically. A monthly e-mail notification will be sent to the e-mail address provided by the customer. Statements will be available online through the customer’s eBanking and mobile banking accounts. The customer has the responsibility to inform us of changes in their e-mail address.

INTEREST CALCULATION AND CREDITING

Tier 1 - Pay up to 3.00% APY on balances from $0-$15,000
Tier 2 - Pay 0.50% APY on balances from $15,000.01-$100,000
Tier 3 - Pay 0.02% APY on balances over $100,000.01

The APY earned on Tier 1 depends on your POS transactions during the month:

$3,000 or more of purchases earns 3.00% APY
$2,000 up to $3,000 of purchases earns 2.00% APY
$1,000 up to $2,000 of purchases earns 1.00% APY

Annual Percentage Yields (APY) and corresponding interest rates quoted here are accurate as of November 1, 2020. If the account requirements noted below are met, the following APY and corresponding interest rates will be paid on balances $0 to $15,000:

APY of 3.00% with a corresponding interest rate of 2.96% if POS transactions total $3,000 or more.

APY of 2.00% with a corresponding interest rate of 1.98% if POS transactions total $2,000 to $2,999.99.

APY of 1.00% with a corresponding interest rate of 1.00% if POS transactions total $1,000 to $1,999.99.

APY of .50% with a corresponding interest rate of .50% if POS transactions total $250 to $999.99.

The portion of balances from $15,000.01-$100,000 will earn an APY and interest rate of 0.50%.

The portion of the balance above $100,000 will earn an APY and interest rate of 0.02%.

For example, the effective APY on $120,000 would be .61% with $2,000 of POS transactions posted during the month.

The interest rate and APY on this account may change at any time at the bank’s discretion. Interest is calculated using the daily balance method which applies a daily periodic rate to the principal in the account each day. Interest begins to accrue on the collected balance which includes funds for which we have received credit - no later than the business day we receive credit for the deposit of your non-cash items (i.e. checks). Interest is paid, compounded, and credited monthly. If you choose to close your account, any interest accrued but not yet paid is forfeited.

REQUIREMENTS TO EARN STATED APY

In order to earn the maximum APY for balances in this account, the following requirements must be met. (1) A minimum of 12 Legacy Bank VISA® Check Card transactions totaling a minimum of $250 must be recorded for the statement period for POS (point-of-sale) transactions for the purchase of goods or services. Each of the minimum required 12 transactions must be received and posted during the statement period regardless of when the actual purchase took place; ATM transactions are considered separate from POS transactions. (2) A valid e-mail address must be provided in order to receive monthly statements electronically. (3) Customer must sign up for eBanking within 30 days of opening the account. If the account requirements are not met, an APY of .02% will be paid on the entire account balance.

REQUIREMENTS TO RECEIVE ATM FEE REIMBURSEMENT

Non-Legacy ATM surcharge fees will be reimbursed up to $3 per transaction up to 6 times per month, and the Legacy ATM transaction fees will be refunded, provided that the withdrawal is a minimum of $100 and the requirement of 12 POS transactions totaling a minimum of $250 for the statement period has been met. On withdrawals of an amount less than $100, no fee or surcharge will be reimbursed.

MINIMUM BALANCE INFORMATION

This account requires a $100 minimum opening balance. There is no minimum balance to earn interest. Current customers may switch from their current account to this account without regard to the minimum balance requirement.

FEES AND CHARGES

For current rates, Annual Percentage Yields, and other account information, call 405-748-2535 or check rates at www.legacybank.com/rates. No maintenance fee will be charged on this account. See “Personal Account Service Charge Schedule” for a complete listing.

Effective 11/1/2020

Next: Basic Checking

Win/Win Money Market

Win/Win Checking®

Let’s see the new Legacy Bank Win/Win Money Market.

You also get great service from Oklahoma’s Best Bank.*