Century Next Bank Priority Checking Offers Market-Leading Rate


Deal Summary: Priority Checking, 7.00% APY on qualifying balances up to $30k. Priority Savings, 3.00% APY on qualifying balances up to $30k.

Availability: Northeast Louisiana and Lower Delta Arkansas.

Louisiana-based Century Next Bank (CNB) replaced its Kasasa Checking account with the Priority Checking account about six years ago. The original 4.00% APY on qualifying balances up to $15k has been increased to 7.00% APY on qualifying balances up to $30k. Qualifying balances over $30k earn 0.50% APY, with non-qualifying balances earning 0.05% APY.

7.00*%-$30kCentury Next Bank (LA)Priority Checking
OTHER TIERS: 0.50% $30k+
Rates as of March 4, 2024.

Priority Checking Qualifying Requirements

  • At least 12 debit card purchases ($5 minimum).
  • Receive monthly account statement electronically.
  • Minimum $500 aggregate ACH credit post and settle.

The Priority Checking has no monthly fee or minimum balance requirement, but does require a $50 minimum opening deposit. Unlimited check writing is available and a free debit card will be issued following account opening. Nationwide ATM fees will be reimbursed up to $15 per month if the qualifying requirements are met, with a maximum of $4.99 per single transaction. Using a non-Century Next Bank ATM will incur a $2 transaction fee. There is a limit of one Priority Checking account per Social Security number.

Priority Savings

The Priority Savings currently earns 3.00% APY on balances up to $30k, if the qualification requirements are met. Like the Priority Checking, qualifying balances over $30k earn 0.50% APY, with non-qualifying balances earning 0.05% APY. Interest earned in the Priority Checking account is automatically transferred to the Priority Savings account each statement cycle. The Priority Savings account can be opened with a $50 minimum deposit. While there is no monthly service fee, there is a $15 fee for each transfer beyond the six allowed per month. There is a limit of one Priority Savings account per Social Security number.

3.00*%-$30kCentury Next Bank (LA)Priority Savings
OTHER TIERS: 0.50% $30k+
Rates as of March 4, 2024.

Annual Earnings of Combined Priority Checking/Priority Savings Accounts

The potential combined annual earnings of a Priority Checking account (7.00% APY/$30k) and a Priority Savings account (3.00% APY/$30k) is approximately $3,000 (5.00% APY/$60k). When compared to the vast majority of RCAs, this is a very competitive rate for an unusually large balance cap.

Availability and Account Opening

Headquartered in Ruston, Louisiana, Century Next Bank is a community-oriented bank with a brick-and-mortar presence in Lincoln and Ouachita Parishes, as well as Ashley County, Arkansas.

While Century Next Bank previously offered the Priority Checking and Priority Saver accounts to all residents of Louisiana through an online application, opening a Priority Checking and/or a Priority Saver account must now be done at any of four Louisiana branches located in Ruston (2), Monroe, and West Monroe, or three Arkansas branches located in Crossett (2) and Hamburg.

Bank Overview

Century Next Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.82% (excellent) based on September 30, 2023 data. In the past year, CNB has increased its non-brokered total deposits by $110.12 million, an excellent annual growth rate of 21.23%. Please refer to our financial overview of Century Next Bank (FDIC Certificate # 29700) for more details.

The original Ruston Building and Loan Association was established in 1905, and for the next hundred years played a vital role in Lincoln Parish’s home construction and mortgage venue. In 2005, the name was changed to Bank of Ruston, in accordance with FDIC organizational type and institution class changes. Both the City’s and Bank’s names were taken from the Lincoln Parish Sheriff, Robert Edwin Russ, who donated 640 acres to the town (Russ Town) in the late 1870s. In late 2018, Bank of Ruston acquired the First National Bank of Crossett (Arkansas) and the Century Next Bank rebrand happened shortly thereafter. Century Next Bank is currently the 23rd largest bank headquartered in Louisiana with assets in excess of $717 million and more than 15,000 customer accounts.

How the Priority Checking Compares

When compared to the few High Yield Reward Checking Accounts tracked by DepositAccounts.com that are available in the market area and have maximum qualifying balances of at least $30k, the Century Next Bank Priority Checking APY currently ranks first.

Interest RateAccount NameCredit Union/Bank
7.00%Priority Checking (up to $30k)Century Next Bank
4.05%Payroll Plus Checking (up to $100k)Heritage Bank
4.00%Kasasa Cash Checking (up to $50k)Susser Bank
3.00%Momentum Checking with Rewards (up to $50k)Oklahoma Central Credit Union

The above rates are accurate as of 2/29/2023.

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: Monroe savings accounts, savings accounts, reward checking accounts

  |     |   Comment #1
Smitty! This is your time to shine!!!

The elusive 7%
  |     |   Comment #2
This is a real great find Ken.
Thanks for this information
  |     |   Comment #3
It is if you live in Northeast Louisiana and Lower Delta Arkansas.
  |     |   Comment #4
But, supposedly you live in Belize?

Sorry, man. Those in "Northeast Louisiana and Lower Delta Arkansas" still have to pay U.S. taxes, plus (in some cases) state taxes. Unlike, apparently - you. Try harder next time!
Bank of Ruston (LA) Adds New Priority Checking
Deal Summary: Priority Checking, 4.00% APY on qualifying balances up to $15k. Priority Savings, 2.00% APY on qualifying balances up to $15k.

Availability: Priority Checking and Priority Savings accounts are available to all Louisiana residents.

For the past four years, Bank of Ruston (BoR) offered the Kasasa brand of checking and savings accounts. This week, BoR replaced its Kasasa Cash Checking with the new Priority Checking, which earns 4.00% APY on qualifying balances up to $15k. Qualifying balances of $15k+ earn 0.75% APY, with...

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Availability: Primary market area is nine northern Louisiana Parishes, but the Kasasa Cash account is available statewide.

In May 2014, Bank of Ruston introduced its Kasasa Cash account. The initial rates (3.00% APY on qualifying balances up to $15k; 0.50% APY on qualifying balances over $15k; 0.05% APY on non-qualifying balances) are still in effect today.

The Kasasa Cash account requires a minimum opening deposit of$100, although there is no minimum balance requirement to earn rewards.

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