3.01% Reward Checking Account at a Massachusetts Bank (Haverhill)
Mar 28, 2009 - 7:09 AM by Ken Tumin
Haverhill Bank has a reward checking account that pays 3.01% APY on balances up to $50,000 (1.01% for over) and refunds ATM fees if the following monthly requirements are met: 1) 10 debit card transactions, 2) one direct deposit or ACH auto debit, 3) access online banking, and 4) receive electronic statements. If these are not met, the rate falls to 0.15%.
As is common for reward checking accounts in Massachusetts, this one has a high cap of $100K in which you can earn the high yield. The average cap is $25K.
It appears that a branch visit is required to open an account. Branches are located in the MA cities of Haverhill and Bradford. The bank is FDIC insured (Certificate # 26411).
Other High Yield Reward Checking Accounts
For more information on reward checking accounts, please refer to one of these posts: reward checking overview, list of reward checking accounts around the nation, and the best checking account post.
Rate History:
03/15/09: 3.01% up to $50K; 1.01% over $50K
12/25/08: 3.51% up to $50K; 1.51% over $50K
03/31/08: 4.50% up to $50K; 2.50% over $50K
12/26/07: 6.01% up to $100K; 1.01% over $100K
Banks Mentioned in this Post:
| Haverhill Bank Locations: 6 Health Rating:  |   |
| Latest Review: "Five will get you ten they'll do a stock conversion in 2013 and sell out. Sque..." | |
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Anonymous - #1, Thursday, December 27, 2007 - 10:10 AM
you must live in the Haverhill area as well. i was denied because I live in Boston and was out of their "marketing" area...
Anonymous - #2, Wednesday, March 5, 2008 - 1:34 PM
Actually, I just spoke to them, and they too said I was outside their marketing area. However, as they don't have any "hard" boundaries, I would still be welcome to come to a branch and open an account.
More importantly, though, in late March 2008 the rate will go down to 4.50%, and the cap will go down to $50K from $100K.
georgepds (anonymous) - #3, Sunday, March 23, 2008 - 10:35 PM
I'm in there area, when I went to apply the bank rep informed me they were reducing the interest rate at teh end of the month ( 4.25%IIRC)
georgepds (anonymous) - #4, Sunday, March 23, 2008 - 10:36 PM
there should read their...
Anonymous - #5, Sunday, December 28, 2008 - 9:35 PM
As of 12/25/08, top yield lowered to 3.51% up to $50K; 1.51% over $50K.
Anonymous - #6, Wednesday, March 25, 2009 - 9:25 PM
As of mid-March the new rates are: 3.01% APY up to $50K; 1.01% over; base rate same.
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