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Franklin Bank And Trust Company RCA (2.1%APY, $$25K)

Thursday, July 18, 2013 - 7:22 AMFranklin Bank & Trust Company - Details
Ken first reported on the Free Bonus Checking  RCA in January of 2009, when it was paying 5% on balances up to $25k.    A year later it was paying 4.0%, and then at some point it apparently stopped being offered. 

This 4-star DA-rated bank is now offering a Kasasa Cash with Saver combo.  Qualified accounts earn 2.1%APY on balances up to $25k in the Kasasa Cash account, and 1%APY on balances up to $25K in the Kasasa Saver. 

Monthly qualifications include:
  • Have at least 12 check card purchases post and settle
  • Be enrolled and receive e-Statements
  • Have at least 1 automatic payment (ACH) or direct deposit post and settle
There is a limit of 2 accounts per SSN.

In 2009, according to Ken's original post, it appeared a branch visit was required to open the account.  Today, there is an online application.   The account does not appear to be limited to individuals in a local market.   I started the application process, read through all the disclosures and made it to the applicant information section without encountering any you-must-be-a-resident-of restrictions.
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pearlbrownpearlbrown1,430 posts since
Nov 2, 2010
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