High-Yield Reward Checking Account at Citizens Union Savings Bank in MA & RI - Local Only

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0.90*%-$25kBayCoast BankActive Checking
Accounts mentioned in this post. Rates as of September 27, 2016.

Update 12/31/10: The top rate has fallen to 2.22% APY.

Citizens Union Savings Bank is offering a reward checking account called Active Checking. The account offers the following rates and features if certain monthly requirements are met:

  • 2.22% APY on balances up to $25,000
  • 0.75% APY on the portion of the balance over $25,000
  • 0.10% base rate if qualifications are not met
  • ATM fee refunds of up to $25 per cycle

The monthly requirements include:

  • 12 debit card purchases
  • 1 direct deposit, automatic payments or online bill payment
  • Receive e-Statements

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

  • $500 minimum opening deposit
  • No minimum balance requirement
  • No monthly service charge

It appears a branch visit is required to open an account. Branches are located in the Massachusetts cities of Fall River, New Bedford, Seekonk, Somerset, Swansea and in Rhode Island city of Tiverton.

The bank has been a FDIC member since 1985 (FDIC Certificate # 90196).

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:

  • 12/31/10: 2.22% APY up to $25K; 0.75% over
  • 08/16/09: 3.33% APY up to $25K; 1.25% over; 0.10% base
Comments
3.82% 5-Year CD at Bank of Fall River in Massachusetts - Local Only
Bank of Fall River is offering a 3.82% APY 5-year CD and IRA CD. Minimum deposit is $500. There's also a competitive 9-month CD special with a 2.02% APY. These rates are listed at the bank's rate table as of 6/28/09.

It appears a branch visit is required to open an account. Branches are located in Fall River, Dighton and Fairhaven, MA.

The bank has fair ratings for safety and soundness: 3 stars (performing) at Bankrate.com (based on 12/31/08 data) and 3½ stars (good) at BauerFinancial (based on 3/31/09 data). The...



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