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BayCoast Bank1.00%-$25kActive Checking
Accounts mentioned in this post. Rates as of August 22, 2014

High-Yield Reward Checking Account at Citizens Union Savings Bank in MA & RI - Local Only


Update 12/31/10: The top rate has fallen to 2.22% APY.

Citizens Union Savings Bank is offering a reward checking account called Active Checking. The account offers the following rates and features if certain monthly requirements are met:

  • 2.22% APY on balances up to $25,000
  • 0.75% APY on the portion of the balance over $25,000
  • 0.10% base rate if qualifications are not met
  • ATM fee refunds of up to $25 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • 1 direct deposit, automatic payments or online bill payment
  • Receive e-Statements

Additional features of the account regardless of the monthly requirements include:

  • $500 minimum opening deposit
  • No minimum balance requirement
  • No monthly service charge

It appears a branch visit is required to open an account. Branches are located in the Massachusetts cities of Fall River, New Bedford, Seekonk, Somerset, Swansea and in Rhode Island city of Tiverton.

The bank has been a FDIC member since 1985 (FDIC Certificate # 90196).

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:

  • 12/31/10: 2.22% APY up to $25K; 0.75% over
  • 08/16/09: 3.33% APY up to $25K; 1.25% over; 0.10% base

  Tags: Massachusetts, Rhode Island, checking account, reward checking account

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