High-Yield Reward Checking Account at Cornerstone Bank & Trust in IL - Local Only

Cornerstone Bank & Trust is offering a high-yield reward checking account called eVantage Checking. It offers the following rates and features if certain monthly requirements are met:

• 3.56% APY on the portion of your balance $30,000
• 1.26% APY on the portion of your balance above $30,000
• 0.35% APY base rate if requirements are not met
• Refundable ATM Fees up to $12.00 per cycle

Monthly requirements include:

• 10 debit card purchases
• 1 Direct Deposit or ACH Transaction or active online bill pay
• Access Online Banking
• Receive Electronic Statements (when available)
• Maintain a valid email address

Additional features of this account include:

• $200 minimum initial deposit
• No monthly service fee
• No minimum balance
• Free online Bill Pay

It appears that a branch visit is required to open an account. Branches are located in the west Illinois cities of Alton, Carrollton and Jerseyville.

The bank's ratings for safety and soundness are average: 3 stars (adequate) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1934 (FDIC Certificate # 15317).

Other High-Yield Reward Checking Accounts

The Cornerstone reward checking rate may not be the best, but the larger-than-average balance cap of $30K helps offset this.

Refer to the reward checking section of DepositAccounts.com to find reward checking accounts in your area or that are available around the nation.