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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:
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.
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
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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