We all know that community banks and credit unions are not only as stable as big financials institutions but also guaranteed by FDIC and NCUA. In addition to safety to the investment, usually these banks also offer CD like higher interest on checking accounts for free with no or minimum account balances. Today, I have come across a community bank First Banking Center which is offering 5.01%APY on its free checking accounts with $100 minimum balance.
Below are requirements to qualify
Requirements to Qualify
* Make at least 10 Check-Mate Card purchases (excluding ATM transactions)
* Receive a monthly electronic statement
* One direct deposit or ACH auto debit
* $100 minimum initial opening deposit
Benefits
* No minimum balance requirement
* No monthly service charges
* Unlimited check writing with no per check fees
* Free check safekeeping required
* Interest is credited to the account monthly, based on the following tiers:
* On balances from $0 - 25,000
* On balances from $25,001 and over OR base rate for all balances if requirements are not met
* 24-hour account access via Internet available
* 24-hour account access via telephone
* Overdraft Privilege program attached
* Direct Deposit available
Source: NetBanker.com
Friday, May 22, 2009
Subscribe to:
Posts (Atom)
