Dedicated to Deposits: Deals, Data, and Discussion
DETAILSINSTITUTIONAPYMINMAXPRODUCT
The Lyons National Bank2.01%-$15kFree Rewards Checking
The Lyons National Bank0.60%-$15kFree Rewards Savings
Accounts mentioned in this post. Rates as of July 23, 2014

Special Savings & CD Rates at Lyon National Bank in New York - Local Only

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The Lyons National Bank

Lyons National Bank (LNB) is offering two nice deposit specials. Both require an active checking account with direct deposit. This hassle may be worth it due to the very competitive rates. The first special is a savings account with a 3.00% APY for balances from $5K to $150K. The second special is a 12-month CD with a 2.00% APY. Minimum deposit is $5K, and the maximum is $250K. These rates are listed at the bank's promo page as of 2/22/2012. There's no mention about how long the savings account rate will last.

The bank offers a free rewards checking account that pays 2.01% APY on balances up to $15K. There's also a linked savings account, but the rate is disappointing (0.60% for up to $15K). These rates are listed at the bank's free rewards site as of 2/22/2012. The accounts have the typical monthly reward checking requirements: 12 debit card purchases, 1 direct deposit or ACH payment and e-statements.

If you're going to open the checking account to qualify for these specials, you might want to take advantage of the bank's $75 bonus. According to the bank's steals and deals page, you can earn $75 for opening any checking account and for having 2 direct deposits, making 5 online bill payments and making 5 debit card purchases.

Branch Locations

It appears a branch visit is required to open an account. LNB branches are located between Rochester and Syracuse, New York.

The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 11.25% (above average) based on September 2011 data. Please refer to our financial overview of Lyons National Bank for more details. The bank has been a FDIC member since 1934 (FDIC Certificate # 7151).

Hat tip to the reader who emailed me news of these specials.

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  Tags: The Lyons National Bank, CD rates, savings account, checking account, New York

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
I just called the Lyons office.

They seem very nice to work with and you can open an account through the mail according to the CSR.

1
Comment #2 by Anonymous posted on
Anonymous
 Hmm, the online app checks for residence within their market area.

1