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3.00% Reward Checking Account at Savings Institute Bank & Trust in CT


Savings Institute Bank & Trust
Update 3/05/09: The rate has fallen to 3.00% APY.

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
If these are not met, the rate falls to 0.15%. Minimum opening deposit is $25. There is no monthly service charge.

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.

Rate History:
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

  Tags: Savings Institute Bank & Trust, checking account, reward checking account, Connecticut

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Comment #1 by Erik (anonymous) posted on
Here are the latest top bank rates from

First Robinson Savings Bank - Robinson, IL 6.01
Southern Missouri Bank & Trust 6.01
Bank of Ripley - Ripley, TN 5.26
Communication Federal Credit Union - OK 5.25
LA DOTD Federal Credit Union - Denham Spring, LA 5.25
Keystone Bank - Auburn, AL 5.15
Connexus Credit Union - Wausau, WI 5.15
Altra Federal Credit Union 5.05
Farmers and Merchants - Nashville, IL 5.05
Community State Bank - Poteau, OK 5.05
First State Bank - Kansas City, KS 5.03
State Employees Credit Union - Santa Fe, NM 5.02
Grand Bank of Texas - Grand Prairie, TX 5.02
Harbor Credit Union - Green Bay, WI 5.01
Malvern Federal Savings Bank - Paoli, PA 5.01
Union State Bank - Everest, KS 5.01
United National Bank - Cairo, GA 5.01
First Banking Center - Lake Geneva, WI 5.01
Noble Bank & Trust - Anniston, AL 5.01
The Community Bank - Brockton, MA 5.01
Bank of Little Rock - Little Rock, AR 5.01
Community Bank of Pleasant Hill - Pleasant Hill, MO 5.01
Community Bank of Raymore - Raymore, MO 5.01
Olmsted National Bank - Rochester, MN 5.01
Royal Banks of Missouri - St. Louis, MO 4.78
Texas Citizens Bank - Pasadena, TX 4.76

Courtesy of BancVue.

Comment #2 by Anonymous posted on
As of 3/1/09 the top rate is 3% APY and the 2nd tier is 0.5%. Base rate is same.