CB&S Bank is offering a new checking account called the Star Rewards Checking. It pays 3.61% APY on balances up to $25K (0.75% over) and provides automatic reimbursements of all ATM fees if the following requirements are met:
- 10 debit card purchases
- 1 direct deposit or ACH auto debit
- receive electronic statements
- $100 minimum initial deposit
- No minimum balance requirements
- No monthly service charge
The CSR stated that you must visit a branch to open an account. Branches are located in several cities of Alabama, Tennessee and Mississippi.
The bank is federally insured by the FDIC.
11/01/09: 3.61% APY up to $25K; 0.75% over; 0.15% base
03/27/08: 4.41% APY up to $25K
12/09/06: 5.61% APY up to $25K; 1.01% over
Edit 7/18/09: Updated post with newer format.
Edit 2/22/09: Citizens Bank has changed its name to CB&S Bank.