5.00% Rewards Checking Account at a Connecticut Bank (Savings Institute Bank and Trust)

Savings Institute Bank and Trust is offering a 5% APY rewards checking account called the e.SI Checking. The 5% is available on balances up to $50K (1% over $50K). In addition to the 5% APY, all ATM fees are refunded. The conditions to receive this rate and ATM refunds includes using your check card at least 10 times per month (excluding ATM), paying one bill one online bill pay per month and agreeing to e-statements. If these condiitions are not met, your account will not earn interest for that time period.

Branches are located throughout Connecticut. I called their toll free number (1-800-423-0142) and was told that you have to visit a branch to open an account.

The bank was established in the 1800's and has been FDIC insured since 1960 (FDIC Certificate # 18214).

For other high yield reward checking accounts at other banks and credit unions, please refer to my best checking account summary post.

Thanks to Brian who mentioned this checking account in the finding deals post.

Tags: Savings Institute Bank & Trust, checking account, Connecticut