Savings Institute Bank & Trust is offering a reward checking account called e.SI Checking. It pays 3.00% APY on balances up to $50,000 (0.50% for above) and refunds all foreign ATM fees if the following monthly requirements are met:
- 10 debit card purchases
- pay 1 bill through the bank's billpay
- receive e-statements
It appears that a branch visit is required to open an account. Branches are located in several Connecticut cities including Enfield, East Hampton, Grotn, Norwich, Hebron, Brooklyn, North Windham and Willimantic.
The bank has been FDIC insured since 1960 (FDIC Certificate # 18214).
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.
Thanks to the reader who emailed me news of this reward checking account.
03/05/09: 3.00% APY up to $50K; 0.50% over $50K
02/19/09: 4.00% APY up to $50K
04/10/07: 5.00% APY up to $50K; 1.00% over $50K