4.01% Reward Checking Account at Gulf Coast Bank & Trust Company in Louisiana
POSTED ON BY Ken Tumin
Update 12/17/09: The top rate has fallen to 4.01% APY.
Gulf Coast Bank & Trust Co. is offering a reward checking account that it calls Interest Checking that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees without limits if the following monthly requirements are met:
The bank has an online application; however, on the first page of the application it states that an applicant must be a resident of Louisiana. Branches are located in the Louisiana cities of Metairie, Kenner, Terrytown, New Orleans, Chalmette, Covington, Slidell, Mandeville and Baton Rouge. The bank has been FDIC insured since 1990 (FDIC Certificate # 32974).
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.
Edit 1/23/09: Added info on the bank's online application.
Rate History:
12/15/09: 4.01% APY
03/13/09: 4.51% APY
10/15/08: 5.51% APY
Gulf Coast Bank & Trust Co. is offering a reward checking account that it calls Interest Checking that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees without limits if the following monthly requirements are met:
- 12 check card purchases
- one direct deposit, ACH, or online bill payment
- receive electronic statements
The bank has an online application; however, on the first page of the application it states that an applicant must be a resident of Louisiana. Branches are located in the Louisiana cities of Metairie, Kenner, Terrytown, New Orleans, Chalmette, Covington, Slidell, Mandeville and Baton Rouge. The bank has been FDIC insured since 1990 (FDIC Certificate # 32974).
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.
Edit 1/23/09: Added info on the bank's online application.
Rate History:
12/15/09: 4.01% APY
03/13/09: 4.51% APY
10/15/08: 5.51% APY
They will find any excuse to not pay your interest earned. And they got creative in this. Had to move to other bank.