Reward Checking Account at Baltimore County Savings Bank - Local Only


Update 12/5/2011: The rates have fallen. Please refer to the rate history at the bottom of the post.

Baltimore County Savings Bank is offering a rewards checking account with the following rates and features if certain monthly requirements are met (as of 12/05/2011):
  • 2.00% APY on balances up to $25,000
  • 0.25% APY on portion of balance over $25,000
  • 0.10% on all balances if requirements are not met
  • Refunds ATM fees nationwide up to $15 per statement cycle
The monthly requirements include:
  • 12 debit card purchases
  • one direct deposit or ACH debit
  • Maintain online banking
  • Receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $25 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • Free online bill pay
It appears a branch visit is required to open an account. Branches are located in Baltimore, Maryland and surrounding suburbs.

The bank has been a FDIC member since 1985 (FDIC Certificate # 32341).

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:
09/02/11: 2.00% APY up to $25K; 0.25% over
11/04/10: 3.00% APY up to $25K
06/15/09: 4.00% APY up to $25K; 1.00% over; 0.10% base
Anonymous   |     |   Comment #1
Ain't gonna happen nomore.  The rate dropped to 2.7%, and they are VERY tough on HOW you access your account.  You have to click on the buttons EXACTLY the way they tell you or you don't get the 2.7%.   :-(

Maybe they are in big trouble and can't afford to payout the interest.  I hope not, but nonetheless I am pulling out my excess money and keeping a minimum in my account at their bank.