Dedicated to Deposits: Deals, Data, and Discussion

4.01% Reward Checking Account at an IL/IA Bank (Southeast National)

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Southeast National Bank
Update 9/07/09: The top yield has fallen to 4.01% APY. See bottom of post for the rate history.

Southeast National Bank has a reward checking account that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees if the following monthly requirements are met: 1) 10 debit card transactions, 2) one direct deposit or ACH auto debit, and 3) receive electronic statements. If these are not met, the rate falls to 0.25%. The minimum opening deposit is $100. There are no minimum balance requirements or monthly service fees.

It appears to require a branch visit. Branches are located in Moline, Illinois and in Davenport and Bettendorf, Iowa. The bank has been FDIC insured since 1999 (Certificate # 35109).

Other High Yield Reward Checking Accounts

For other reward checking accounts and for more information on these accounts, please refer to the following posts:


Rate History:
09/01/09: 4.01% APY
03/21/09: 5.01% APY
10/13/08: 5.21% APY
03/20/08: 6.01% APY
  Tags: Southeast National Bank, Illinois, Iowa, checking account, reward checking account

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Comments
2 comments.
Comment #1 by Robert (anonymous) posted on
Robert
Southeast National Bank in Iowa has lowered the interest rate on their high yield checking account to 5.21%

1
Comment #2 by Anonymous posted on
Anonymous
As of 3/21/09 the top rate is 5.01% APY. Other rates remain same.

1