How do Rewards Checking accounts work?

A Rewards Checking Account generates interest on the balance, and also awards CU SoCal Dream Points on debit card transactions. Rewards Checking at CU SoCal does not require a minimum balance to earn interest. If you meet the minimum signature-based and PIN-based debit card purchase requirements for each monthly statement cycle, you will qualify for a Rewards Checking dividend rate of 0.15%. This dividend is money paid to you by CU SoCal, atop of the 0.15% APY your account already earns. Even if you don’t qualify for signature-based rewards, you’ll still earn .05% APY on your checking account balance.