Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
Civic Bank & Trust1.85%-$30kCivic Elite Checking
Accounts mentioned in this post. Rates as of August 21, 2014

High-Yield Reward Checking Account at Civic Bank & Trust in Tennessee - Local Only

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Civic Bank & Trust

If you're looking for a high-yield checking account in Tennessee, there's a good deal at Civic Bank & Trust. Its reward checking is called Civic Elite Checking, and it offers the following rates and features as of 4/14/2011:

  • 3.30% APY on balances up to $30,000
  • 0.75% APY on portion of balance over $30,000

Monthly requirements to qualify for these yields include:

  • 10 debit card purchases
  • 1 direct deposit or ACH auto debit
  • Access account via online banking
  • e-Statements

Unlike most reward checking, this account has a $20 monthly fee if a $1,000 minimum balance is not met.

The bank has also offered some good CD deals. The latest one is a 18-month CD with a 1.40% APY as of 4/14/2011. Minimum deposit is $10,000. One nice and unusual feature is that the bank allows add-on deposits to CDs anytime in multiples of $1,000. Please refer to the bank's interest rates page for the latest rates.

It appears that a branch visit is required to open an account. Civic Bank & Trust's office is located in Nashville, Tennessee.

Civic Bank & Trust has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 25.51% (average) based on December 2010 data. Please refer to our financial overview of Civic Bank & Trust for more details. The bank has been a FDIC member since 2005 (FDIC Certificate # 58040).

Best Reward Checking Accounts in Tennessee and Nationwide

This is currently the second best reward checking account in Tennessee. You can see the list in our Tennessee Reward Checking Rates table. The best one is still at Commercial Bank and Trust which offers 4.09% APY on up to $25K as of 4/14/2011. However, this bank doesn't have a branch in the Nashville metro area. First State Bank has a reward checking account with a 4.01% APY (as of 4/14/2011) but this is now limited to balances up to $15K. The account can be opened online by only Tennessee residents.

For nationally available reward checking accounts, Danversbank is now the only one to offer at least a 3 percent yield for balances up to $25K (3.01% APY as of 4/14/2011).

To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.


  Tags: Civic Bank & Trust, Tennessee, reward checking account, checking account

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