3.00% Reward Checking Account at Advantage National Bank in Illinois


Update 11/09/09: The top rate has fallen to 3.00% APY.

Advantage National Bank offers a reward checking account that pays 3.00% APY on balances up to $25,000 (0.50% for above) and refunds nationwide ATM fees if the following monthly requirements are met:
  • 12 debit card purchases
  • one direct deposit or automatic payment
  • access online banking
If these are not met, the rate falls to 0.10%. Minimum initial deposit is $100. There are no minimum balance requirements or monthly fees.

It appears a branch visit is required to open an account. Branches are located in the Chicagoland cities of Elk Grove Village, Roselle and Bloomingdale. Note, the three offices have their own bank names, but all three are under Advantage National Bank Group. The bank has been FDIC insured since 2001 (FDIC Certificate # 57103).

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:
11/02/09: 3.00% APY up to $25K; 0.50% over
09/15/09: 3.50% APY up to $25K; 1.00% over; 0.10% base
02/16/09: 4.01% APY up to $25K
12/24/08: 5.00% APY up to $25K; 1.00% over; 0.50% base
Anonymous   |     |   Comment #1
4.31% Money Market Account Through 8/8/2008 and $80 Bonus at an Illinois Bank (Elk Grove)
Elk Grove Bank & Trust is the first institution that I've seen to be offering a 2008 Olympic related special. It requires that you open both their Olympic Money Market and Savings Accounts. Here are the details:
  • Money market account must be opened with a minimum $800
  • The yield is 4.31% APY on balances over $800 and is guaranteed through 8/8/2008
  • Must also open a savings account with a minimum $800
  • Savings account yield is 1.88% on balances over $800 and is guaranteed through 8/8/2008
  • $80 Visa Gift Card is awarded after you are enrolled...

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