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Louisiana Banking Rates and News

Browse through the stories below to view current deals for Louisiana banks or select an item from the menu bar above to view current rates in Louisiana.

Competitive 70-Month Promotional CD at Regions Bank - 2%
Regions Bank

Every now and then a large bank offers a decent rate on a promotional CD. The latest large bank to offer this type of deal is Regions Bank. It’s advertising two promotional CDs. The best one is a 70-month CD with a 2.00% APY. The other one is a 40-month CD with a 1.10% APY. Only the 40-month iCD is also available in an IRA. Minimum deposit is $10,000, and the maximum is $1 million. A checking account is required, and it must remain open during the entire term...

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Capital One Business Checking Promotion with a $250 Bonus - Branch Only
Capital One Bank

Capital One is again offering a nice bonus for new business checking accounts. It’s not as nice as last year’s bonus, but it’s still a good deal. The current bonus is $250, and it’s scheduled to last until 4/30/2014. If it’s like past promotions, Capital One will probably extend it. The promotion requires a branch visit (see below for branch locations).

Here’s the link to the promotion at, and here’s a summary of what’s required to earn the $250 bonus:

  • Show this offer to a banker when you open your new...
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Great Money Market Deal in Louisiana at First NBC Bank - 1.51%
Great Money Market Deal in Louisiana at First NBC Bank

I’m starting to see higher rates on checking and money accounts at a few banks. These have been local deals, and that’s the case with First NBC Bank in Louisiana. This bank is offering very competitive rates on its checking, savings and money market accounts. Its Premier Investment Money Market Account is the best deal with a top-tier interest rate of 1.51% APY. This requires a minimum balance of $1 million. The lower tiers are still good deals that don’t require a huge balance. The interest rate tiers are shown...

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Capital One Offers Savings Account Promotion in Its Market Areas
Capital One Bank

Update 1/10/14: The savings account promotion has ended.

If you live in the market area of Capital One Bank, customers can get a good savings account deal. This is similar to Capital One’s past checking account promotions. It’s the Smart Savings Account, and a high rate is guaranteed on all balances for 12 months. The guaranteed APY is 1.00% for most Capital One market areas. It’s only 0.70% for the Austin, Texas metro area and only 0.40% for Louisiana. Thanks to DA member stormdog123 for posting on this in the...

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Updated Review of Ouachita Independent Bank’s Reward Checking and Savings Accounts
Ouachita Independent Bank

I first reviewed Ouachita Independent Bank’s reward checking account over six years ago when it was paying 6.01% for balances up to $25K. As you might expect, the rate and balance cap have fallen. However, the rate and balance cap remain competitive, and the account is still a good deal for savers who want interest rates higher than CD rates without the loss of liquidity. It’s always nice to see successful reward checking accounts with such a long history.

Since my last review, the bank has added a companion savings account...

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Capital One Business Checking Promotion with a $300 Bonus - Branch Only
Capital One Bank

Capital One continues to offer a nice bonus for new business checking accounts. The bonus amount is $300, and the promotion is scheduled to last until 8/31/2013. It requires a branch visit (see below for branch locations). When I last reported on this promotion in January, it had an April end date. So I wouldn’t be surprised if the expiration date gets extended again.

Here are the steps to earn the $300 bonus:

  • Go to the Capital One promo page, print the coupon and take the coupon to a Capital One branch
  • Open...
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Highest Reward Checking Rate in the Nation at Gibsland Bank & Trust in Louisiana
Gibsland Bank & Trust Company

Louisiana residents have many good choices for high-yield reward checking accounts. Some of the highest rates are available at Louisiana banks. One that I haven’t yet covered is at Gibsland Bank & Trust. It’s called GBT Hometown Rewards Checking. The bank also offers a linked savings account called GBT Hometown REALSaver. The following is a summary of the rates and features of these two accounts as of 7/9/2013:

GBT Hometown Rewards Checking rates and features if monthly requirements are met:

  • 4.11% APY on balances up to $15,000
  • 0.51% APY on amount of balance...
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Kasasa Cash and Saver Accounts at St. Martin Bank & Trust in Louisiana
St. Martin Bank & Trust Company

It has been just over five years since my first review of the reward checking account at St. Martin Bank & Trust. As you might have expected, the rate and balance cap have fallen, but the reward checking account is still competitive. In addition, the bank has added a linked savings account which helps make it a better deal for savers. The accounts are now under the Kasasa brand. The rates and features are described below (as of 7/2/2013):

Kasasa Cash rates and features if monthly requirements are met:

  • 3.51% APY on...
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Capital One Branches Still Offering Checking Promo with a 1-Year Rate Guarantee in Some States
Capital One Bank

If you live in the market area of Capital One Bank, new customers can still get a good checking account deal. They have been offering this deal for awhile, and I’m still seeing it advertised. It has become a better deal as rates at other banks have fallen. Capital One is guaranteeing a promotional rate (1.00% APY for most areas) for balances up to $100,000 for the first 12 months. Details of this promotion are listed at the Capital One High Yield checking page. Note, it will only show if...

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Another Regions Bank's $125 Checking Account Bonus - Available in Several States
Regions Bank

Regions Bank is again advertising a checking account promotion in which you can earn $125. This is another big bank that lacks free checking so you'll have to be careful to avoid monthly fees. The offer requires a new customer open a LifeGreen Checking Account online with the promo code 125, have at least $500 in total direct deposits and at least 10 Visa check card purchases in the first 60 days. Offer is scheduled to end on 4/7/2013. The offer is listed in this Region's promotion page.

There's no mention...

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Cash Bonus for Louisiana's Best Reward Checking at Home Federal Bank
Home Federal Bank (LA)

It's common for banks to offer bonuses for opening a new checking account, but it's less common for reward checking accounts. The high rate of the reward checking account is often enough of an incentive. That's why I was surprised to see this $100 bonus that Home Federal Bank in Louisiana is offering.

The $100 bonus is available for the bank's personal checking accounts which include the Smart Rewards Checking. I first reviewed this account in 2011 when it was paying 4.00% APY for balances up to $25K. Surprisingly, it still...

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Top CD Rates at Jefferson Financial CU in Louisiana - Local Only
Jefferson Financial Credit Union

Louisiana is one of the states with highest deposit rates, and some of the best CD rates continue to be offered by Jefferson Financial Credit Union. There are two rate tiers, and the top tier only requires a $10,000 minimum deposit. The following are the most competitive share and IRA certificate rates listed at the credit union's share certificates rates page as of 12/7/2012:

  • 2.25% APY 5-year CD and IRA CD
  • 2.00% APY 4-year CD and IRA CD
  • 1.75% APY 3-year CD and IRA CD
  • 1.50% APY 2-year CD and IRA CD

The above rates...

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