High-Yield Reward Checking Account at Select Bank & Trust in NC - Local Only

Select Bank & Trust is offering a high-yield reward checking account called Easy Green Checking. It has the following rates and features if certain monthly requirements are met (as of 8/13/2010):

• 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.