4.01% Reward Checking Account at Gulf Coast Bank & Trust Company in Louisiana
Dec 17, 2009 - 6:17 PM by Ken Tumin
Gulf Coast Bank & Trust Co. is offering a reward checking account that it calls Interest Checking that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees without limits if the following monthly requirements are met:
- 12 check card purchases
- one direct deposit, ACH, or online bill payment
- receive electronic statements
The bank has an online application; however, on the first page of the application it states that an applicant must be a resident of Louisiana. Branches are located in the Louisiana cities of Metairie, Kenner, Terrytown, New Orleans, Chalmette, Covington, Slidell, Mandeville and Baton Rouge. The bank has been FDIC insured since 1990 (FDIC Certificate # 32974).
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.
Edit 1/23/09: Added info on the bank's online application.
Rate History:
12/15/09: 4.01% APY
03/13/09: 4.51% APY
10/15/08: 5.51% APY
Banks Mentioned in this Post:
| Gulf Coast Bank & Trust Co. Locations: 15 Health Rating:  |   |
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Anonymous - #1, Wednesday, March 4, 2009 - 4:20 PM
Effective 4/14/09 ATM refunds cap at $4.99 per transaction.
Anonymous - #2, Friday, March 13, 2009 - 7:25 PM
The Interest Checking Account has been lowered today to 4.51%APY.
rjm (anonymous) - #3, Thursday, April 23, 2009 - 1:31 PM
I just confirmed that one cannot be from out of state.
Anonymous - #4, Thursday, December 17, 2009 - 4:56 PM
Effective 12/16/09, the Interest Checking Account has been lowered to 4.01%APY.
Anonymous - #5, Thursday, May 20, 2010 - 12:19 PM
Scam , rip-off, cheat, trick, con – pick one...:(
They will find any excuse to not pay your interest earned. And they got creative in this. Had to move to other bank.
Brian (anonymous) - #6, Thursday, September 16, 2010 - 2:15 PM
Effective 9/1/2010 rate is lowered to 2.99% and maximum balance of $20,000
Anonymous - #7, Friday, August 26, 2011 - 10:30 PM
This is truly a scam. The interest rate gets lower every few months . And when they count the number of charge and debit transactions for the month, the month is never a true month, And I just love how the rules get changed in the middle of the game. Don't fall for it. You will always be the loser. .
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