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2.75% Reward Checking Account at a MA Bank (Rollstone Bank and Trust)

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Rollstone Bank & Trust
Update 10/04/09: The top rate has fallen to 2.75% APY. See bottom of the post for the rate history.

Rollstone Bank and Trust is offering a reward checking account called All-In-One Checking. It pays 2.75% APY on balances up to $50K (1.47% APY over) if the following monthly requirements are met: 1) 10 debit card purchases, 2) direct deposit of your payroll, pension or social security check, and 3) receive electronic statements. The minimum deposit to open the account and to earn interest is $100.

Update 2/6/08: Readers have reported being told by the bank that you must live within 50 miles of a branch, and the accounts must be opened in the branch.

Branches are located in Fitchburg, Leominster, Harvard and Townsend, Massachusetts. Like many of the reward checking accounts offered in Massachusetts, this one pays the high yield on balances up to $100K. Outside MA, the average cap tends to be $25K.

The bank is FDIC insured (Certificate # 17797).

Thanks to the reader who mentioned this reward checking in the finding deals post.

Other Reward Checking Accounts

To learn more about reward checking accounts, please refer to my High Yield Reward Checking Reviews post. For other reward checking accounts in other parts of the country, please see my reward checking account page and my best checking account post.

Rate History:
10/01/09: 2.75% APY under $50K
04/13/09: 3.01% APY under $50K; 1.47% APY over $50K
01/29/09: 3.01% APY under $100K;
12/28/08: 3.51% APY under $100K; 1.47% APY over $100K
10/20/08: 4.01% APY under $100K, 2.05% APY over $100K
06/18/08: 4.51% APY under $100K, 2.27% APY over $100K
04/01/08: 5.25% APY under $100K, 2.39% APY over $100K. The bank has changed its name from Fitchburg Savings Bank, FSB to Rollstone Bank and Trust
11/11/07: 6.01% APY under $100K, 3.43% APY over $100K

  Tags: Massachusetts, checking account, Rollstone Bank & Trust, reward checking account

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Comments
8 Comments.
Comment #1 by Anonymous posted on
Anonymous
is it hard pull?

1
Comment #2 by Craig (anonymous) posted on
Craig
does not appear to offer any atm rebates....

1
Comment #3 by Anonymous posted on
Anonymous
Looks like it dropped to 5.25%

1
Comment #4 by Alexander (anonymous) posted on
Alexander
Dropped to 4.5% ? http://www.rollstonebank.com/asp/services/service_1_2.asp

1
Comment #5 by Anonymous posted on
Anonymous
Yield has fallen again: 3.51% up to $100K; 1.47% over $100K.

1
Comment #6 by Anonymous posted on
Anonymous
Top rate has fallen to 3.01% APY. Other rate remains same.

1
Comment #7 by Anonymous posted on
Anonymous
Just noticed, the cap has been lowered to $50K as well.

1
Comment #8 by Anonymous posted on
Anonymous
Rollstone B&T (Mass): 3.01% to 2.75% as of 10/1/09.

1