High-Yield Reward Checking Account at North Carolina Bank and Trust


Update 1/2/2011: The top rate has fallen to 2.25% APY.

North Carolina Bank and Trust is offering a reward checking account called Mad Money Checking. The account offers the following features if certain monthly requirements are met:

  • 2.25% APY on balances up to $25,000
  • 0.05% APY on balances over $25,000
  • 0.05% base rate if qualifications are not met

The monthly requirements include:

  • 10 debit card purchases
  • one direct deposit or automatic draft
  • receive e-statements

Additional features of the account regardless of the monthly requirements include:

  • $50 minimum initial deposit
  • no minimum balance requirement
  • free bill pay
  • All foreign ATM fees are paid for you (see bottom of branch locator page)

It appears a branch visit is required to open an account. Branches are located in Charlotte, North Carolina.

North Carolina Bank and Trust is a division of SCBT N.A. which has been FDIC insured since 1934 (FDIC Certificate # 13425).

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:

  • 01/01/11: 2.25% APY up to $25K
  • 04/10/09: 4.25% APY up to $25K; 0.05% over; 0.05% base
Anonymous   |     |   Comment #1
Please revise - this account is called Mad Money checking account, not e:checking.
Anonymous   |     |   Comment #2
Was told by consumer rep.  rate to be 2.25% as of the first of 2011
NC resident
NC resident (anonymous)   |     |   Comment #3
Was told by CSR the the rate is 2.25% apr as of Jan 1 2011
Anonymous   |     |   Comment #4
Need to update pages to show current rates.  No sense having a web page if the data is out of date.