Andrew Johnson Bank Offers 3.05% APY On Sky High Checking

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Deal Summary: Sky High Checking, 3.05% APY on qualifying balances up to $25k

Availability: Online application for residents of Georgia, North Carolina, Tennessee, and Virginia

Tennessee-based Andrew Johnson Bank’s (AJ Bank) rewards checking account, Sky High Checking, currently offers 3.05% APY on qualifying balances up to $25k. Qualifying balances of greater than $25k earn 0.25% APY, with non-qualifying balances earning 0.10% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.05*%-$25kAndrew Johnson BankSky High Checking
OTHER TIERS: 0.25% $25k+
Rates as of December 6, 2019.

DA has been tracking the Sky High Checking account since late 2009, when the rate was 4.75% APY on qualifying balances up to $25k. While there have been several rate changes in the past ten years, the $25k balance cap has remained constant. The APY settled at 2.02% in 2012 and remained there for nearly five years. In the past two years, there have been three rate increases, adding a total of 103 bps.

Qualifying Requirements

  • At least 20 debit card purchases.
  • At least one ACH deposit or electronic bank draft (Online Bill Pay).
  • Receive eStatements.
  • Log on to Online Banking at least once per statement cycle.

The Sky High Checking can be opened with a minimum $100 deposit. There is no monthly service fee or minimum balance requirement, but there is a $10 early closure fee if the account is closed within 180 days of opening. Four non-AJ Bank ATM fees will be reimbursed each statement cycle. Paper checks are available, with unlimited check writing.

Availability

Headquartered in Greeneville, Tennessee, Andrew Johnson Bank offers the Sky High Checking account to residents of Georgia, North Carolina, Tennessee, and Virginia.

Opening a Sky High Checking account can be done through the online application, or at any of seven eastern Tennessee branches located in Cleveland, Greeneville (3), Johnson City, Jonesborough, and Morristown.

Bank Overview

Andrew Johnson Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.44% (excellent) based on March 31, 2019 data. In the past year, AJ Bank has increased its total deposits by $5.02 million, an above average annual growth rate of 1.51%. Please refer to our financial overview of Andrew Johnson Bank (FDIC Certificate # 22015) for more details.

Founded in 1975 as the City & County Bank of Greene County, Andrew Johnson Bank is a community bank, which provides personal and business banking services in East Tennessee. The Bank changed its name in 1980, paying homage to Andrew Johnson, the mayor of Greeneville between 1830-1834 (and the most maligned U.S. President). Andrew Johnson Bank is currently Tennessee’s 51st largest bank, with assets in excess of $379 million.

How Sky High Checking Compares

When compared to the High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available in the online market area and have maximum qualifying balances of at least $25k, Andrew Johnson Bank’s Sky High Checking APY currently ranks fourth.

The above rates are accurate as of 7/1/2019.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Tri-Cities checking accounts, Knoxville checking accounts, Chattanooga checking accounts, reward checking accounts

Comments


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111   |     |   Comment #2
TWENTY debit card purchases required per month? Yikes - no wonder they named this "Sky High Checking".
High-Yield Reward Checking Account at Andrew Johnson Bank in Tennessee - Local Only

Andrew Johnson Bank is offering a reward checking account called Sky High Checking. The account offers the following rates if certain monthly requirements are met:

  • 4.00% APY on balances up to $25,000
  • 0.50% APY on balances over $25,000
  • 0.25% base rate if qualifications are not met

The monthly requirements include:

  • 20 debit card purchases
  • one bank draft or deposit such as direct deposit
  • receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • $100 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • 4 foreign ATM fees refunded per statement cycle
  • Free Online Bill Pay
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