High-Interest Reward Checking Account at Easton Bank and Trust in Maryland


Update 8/24/11: The top yield has fallen to 2.51% APY. Refer to the bottom of the post for the rate history.

Easton Bank and Trust is offering a reward checking account which pays 2.51% APY on balances up to $25,000 (0.50% for above) and refunds ATM fees of up to $50 per cycle if the following monthly requirements are met:
  • 12 Visa debit card purchases
  • one direct deposit or ACH debit
  • receive electronic statements
If these are not met, the rate falls to 0.10%. The minimum initial deposit is $100. There are no monthly service fees and no minimum balance requirements. Multiple accounts can be opened, but requirements for each account must be met to qualify for the high yield.

There's an online application, but the application states that you have to come in to a branch location to complete the application process. Branches are located in the Maryland cities of Easton, Denton, Greensboro and Oxford. The bank has been FDIC insured since 1993 (FDIC Certificate # 33815).

Thanks to the reader who emailed me news of this account.

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:
07/28/11: 2.51% APY to $25K
11/16/10: 3.01% APY to $25K; 0.50% over; 0.10% base
07/16/09: 3.51% APY to $25K
01/16/09: 4.01% APY to $25K; 1.25% over $25K; base rate remains same
11/24/08: 4.49% APY to $25K; 1.50% over $25K; 0.25% if requirements not met
Anonymous   |     |   Comment #1
The FIRST/ROI flash dated 1/16/09 lists lower yields: 4.01% APY to $50K; 1.25% over $50K; base rate remains same.