3.51% Reward Checking Account at Lapeer County Bank & Trust Co. in Michigan


Update 10/04/09: The top rate has fallen to 3.51% APY.

Lapeer County Bank & Trust Co. has a reward checking account called Green Rewards Checking. The account offers the following rates and features if certain monthly requirements are met:
  • 3.51% APY on balances up to $50,000
  • 0.20% APY on balances over $50,000
  • 0.20% base rate if qualifications are not met
  • ATM refunds nationwide up to $25 per cycle
The monthly requirements include:
  • 12 debit card purchases
  • one direct deposit or ACH automatic payment or one payment using Online Banking's Bill Pay
  • receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $25 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
  • Free Online Bill Pay
  • Multiple accounts can be opened, but requirements must be met for each account
There's an online application, but in the FAQ it states that you need to complete your new account opening with an in-branch visit. Branches are located in the Michigan cities of Lapeer, Attica, Fostoria, Imlay City and Metamora.

The bank has been FDIC insured since 1934 (FDIC Certificate # 14913).

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:
10/01/09: 3.51% APY up to $50K
05/03/09: 4.51% APY up to $50K; 0.20% over; 0.20% base
ymf (anonymous)   |     |   Comment #1
"Please be advised that the Annual Percentage Yield for our Green Rewards checking account will change in October 1, 2009. The current APY is 4.51%, effective October 1, 2009 the APY will be 3.51%."