$75 Checking Account Bonus and 4.77% Money Market at an Illinois Bank

Archer Bank is offering $75 for opening a free checking account with direct deposit. The free checking account requires a minimum opening deposit of $100. $75 cash bonus will be automatically deposited into your account within one month of first direct deposit. Account must remain open for six months or $75 will be debited from your account at closing. You also have the alternative of receiving a 125 piece household tool set.

Another noteworthy aspect of Archer Bank is their 4.77% APY high yield money market account. The account requires a minimum $10K to open and to receive this APY. There's a $10 monthly fee if the deposit falls below $10K. Also, the interest rate falls to 0.49%. This top interest rate is equal to the 90-day Treasury Bill and is adjusted every Monday so it's not just a temporary promotion.

Archer Bank has branches in Chicago and several other cities of Illinois.