New Reward Checking at CBC National Bank in FL, GA & SC


In the good old days, it was easy to find reward checking accounts paying over 4% for balances up to $25K. Those days are over. In today's environment, if you can find 2% for balances up to $25K, you should consider yourself lucky. CBC National Bank should help more people have access to this type of reward checking account. Its reward checking account is called Advantage Checking, and it has the following rates and features as of 11/13/2012:

  • 2.00% APY for up to $25,000
  • 0.36% to 2.00% APY for balances over $25,000
  • No interest paid if requirements are not met
  • Rebates of up to 3 ATM fees per calendar month

Monthly requirements include:

  • 10 debit card purchases
  • direct deposit (ACH) credit of at least $200 from any unrelated third party each statement cycle
  • Active enrollment in e-Statements

This is a free checking account with no monthly service fees and no minimum balance requirement. More details of this Advantage Checking account are available at the bank's checking comparison page.


There's a link to an online application at the bottom of the bank's checking comparison page. You must be a resident of Florida, Georgia or South Carolina to be able to open an account via the online application. I was told that you must sign a signature card before you are able to get checks.

Bank Overview

CBC National Bank branches are located in Fernandina Beach, FL; Meigs, GA; and Port Royal and Beaufort, SC. CBC National Bank has partnered with the Allpoint ATM network which gives CBC customers unlimited fee-free access to over 50,000 ATMs worldwide.

The bank has an overall health score at of 4 stars (out of 5) with a Texas ratio of 62.54% (below average) based on June 2012 data. Please refer to our financial overview of CBC National Bank for more details. The bank has been a FDIC member since 2000 (FDIC Certificate # 35309).

How This Reward Checking Compares

As I mentioned above, it's hard to find reward checking accounts with rates over 2% and balance caps of at least $25K. For reward checking accounts that are nationally available, there are only two. One is from ABCO Federal Credit Union which offers 2.12% APY for up to $25K, and the other is from Provident Credit Union which offers 2.01% APY for up to $25K. Both of these are all-access credit unions that make it easy for anyone in the nation to qualify for credit union membership.

You can sometimes find better local deals. For those who live in the Orlando Florida metro area, Old Florida National Bank is still offering 3.04% APY for up to $25K. For those who live in Greenville County, South Carolina, Greenville Heritage Credit Union is still offering 2.78% APY for up to $25K.

The above rates are accurate as of 11/13/2012. As we have seen many times, both the rates and the balance caps can fall. So please check with the bank or credit union for the latest rates.

Finding the Best Reward Checking Accounts

To find the best reward checking accounts today, please refer to our reward checking rate table. This can be used to find accounts available nationwide or in your state. If you're new to these tables, my rate table guide should be useful.

If you're new to reward checking, please refer to my post 10 Common Traits of High-Yield Reward Checking.

Related Pages: CBC National Bank, Savannah, Orlando, Jacksonville, checking account

2.50% 12-Month CD at Lowcountry National Bank in South Carolina - Local Only
Lowcountry National Bank is offering a special 2.50% APY 12-month CD. The bank also has this same rate for an 18-month CD which has a one-time bump-up option. This gives you the chance to request a one-time increase in the rate to the bank's current 12-month CD rate. Minimum deposit for both CDs is $1,000. These specials don't seem to be listed at the bank's website. They were advertised in today's (7/07/09) edition of The Island Packet newspaper. The ad is available online here.

A branch visit appears to be required...

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.