Old Southern Bank is offering a 6.00% APY (5.84% interest rate) on its Investment Checking Account. It requires a minimum of $10K. The rate is guaranteed through March 15, 2007. Unlike a money market account, this checking account allows unlimited monthly transactions. If the average balance falls below $10K, the rate falls to 0.50% and a monthly fee of $25 is charged. Account is for individuals and sole proprietors only.
This special checking account is available only at the bank's Clermont and Orlando, Florida offices.
Old Southern Bank is a new bank that has just been FDIC insured since this April.