Bank of the Carolinas is offering a reward checking account called Free Shine Checking that pays 4.00% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees if the following monthly requirements are met:
- 12 debit card purchases
- one direct deposit or automatic debit
- receive e-Statements
A branch visit is required to open a new account. Branches are located in the North Carolina cities of Winston-Salem, Mocksville, Lexington, Landis, King, Harrisburg, Concord, Cleveland, Asheboro and Advance.
The bank has a 3.5 star rating (good) at BauerFinancial based on 3/31/08 data. It has been FDIC insured since 1998 (FDIC Certificate # 34903).
Other Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
06/18/09: 4.00% APY up to $25K
07/15/08: 4.50% APY up to $25K; 1.01% over; 0.10% base