3.50% Reward Checking Account at a Pennsylvania Bank (DNB First)


Update 12/30/08: The top yield has fallen to 3.50% APY. Refer to the bottom of the post for the rate history.

DNB First Bank has a rewards checking account that pays 3.50% APY on balances up to $35,000 (1.50% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met: 1) 10 check card transactions, 2) one direct deposit or ACH debit, and 3) receive electronic statements. If these are not met, the rate falls to 0.10%. There are no minimum balance requirements and no monthly fees.

It appears that a branch visit is required to open the account. Branches are located about 20 miles west of Philadelphia in the cities of Coatesville, West Chester, Downingtown, Exton, Kennett Square, and Chester Springs. The bank has been FDIC insured since 1934 (FDIC Certificate # 7464)

For other high yield reward checking accounts and to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:
12/30/08: 3.50% APY for up to $35K, 1.50% for above, 0.10% if requirements not met
04/18/08: 4.25% APY for up to $35K, 2.25% for above, 0.20% if requirements not met
Related Pages: DNB First, Philadelphia, checking account, reward checking account

Tony Roberts
Tony Roberts   |     |   Comment #1
Coulee Bank ( http://www.couleebank.net ) offers an incredible 6.01% APY with their Rewards Checking account. The rate is easy to earn. All you have to do is make 10 check card transactions a month, use e-statements, and do 1 automatic payment a month (they call it ACH). Coulee Bank pays 6.01% on the first $25,000 and 1.01% on anything above that. The best thing about this account besides the rate is it is FREE, you can apply online, and it is from a great bank with real people that answer the phone. And as they like to say, Banking Green has its Rewards. The Rewards Checking account saves paper and preserves our natural resources. No wonder I feel good about recommending this to everyone I know. Check it out. I guarantee you will love it.
Anonymous   |     |   Comment #2
Website states 3.50% APY up to $35K; 1.5% APY over $35K; 0.10% if requirements not met.
Anonymous   |     |   Comment #3
do notfall for this offer, its total bs. i have been unable to access Online Banking at all and you have to do that at least once a month to earn the interest. Nobody calls me back at all and calls to the headquarters got me absolutely nowhere..