- 4.08% APY on balances up to $25,000
- 0.50% on portion of balance over $25,000
- 0.10% base rate if requirements are not met
- Free nationwide ATM use
Monthly requirements include:
- 10 debit card purchases
- One direct deposit
- Receive e-statements and be registered for online banking
Other features of the account include:
- $100 minimum initial deposit
- No minimum balance requirement
- No monthly service fee
- Free Online Bill Pay
It's nice to see another four-percent-plus reward checking account these days. Unfortunately, it's only a local deal. According to the bank, a branch visit is required to open the account.
Branches are located in the North Carolina cities of Greenville and Elizabeth City.
The bank's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our financial overview for Select Bank & Trust Company). These ratings are based on 3/31/10 financial data. The bank has been a FDIC member since 2004 (FDIC Certificate # 57783).
Other High-Yield Reward Checking Accounts
To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.