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4.00% Reward Checking Account at Franklin Bank & Trust Company in Kentucky


Franklin Bank & Trust Company

Update 1/22/10: The top rate has fallen to 4.00% APY.

Franklin Bank & Trust Company is offering a reward checking account called Free Bonus Checking. It pays 4.00% APY on balances up to $25,000 (1.00% for above) and refunds ATM fees nationwide if the following monthly requirements are met:

  • 12 debit card purchases
  • one direct deposit or automatic payment
  • receive electronic statements

If these are not met, the rate falls to 0.25%. Minimum initial deposit is $100. There is no minimum balance requirement, and online Billpay is free.

It appears a branch visit is required to open the account. Branches are located in the Kentucky cities of Franklin and Bowling Green.

The bank has been FDIC insured since 1958 (FDIC Certificate # 17937).

Thanks to the reader who mentioned this account in the comments.

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.

Rate History
1/22/10: 4.00% APY up to $25K
1/26/09: 5.00% APY up to $25K; 1.00% over; 0.25% base

  Tags: Franklin Bank & Trust Company, Kentucky, checking account, reward checking account

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Comment #1 by Anonymous posted on
Not even rate information on website, must be a stealth account.

Comment #2 by Anonymous posted on
I had to call them about the rate; just as I have guessed, it is now 4%.

Comment #3 by 51hh posted on
4% now, please modify.