4.10% Reward Checking Account at Peotone Bank and Trust Co. in Illinois - Local Only

POSTED ON BY

Update 9/07/09: The top rate has fallen to 4.10% APY.

Peotone Bank and Trust Co. is offering a reward checking account called iDeal Checking. The account offers the following rates and features if certain monthly requirements are met:
  • 4.10% APY on balances up to $50,000
  • 1.01% on balances over $50,000
  • 0.50% base rate if qualifications are not met
  • Refunds ATM fees nationwide up to $25 per cycle
The monthly requirements include:
  • 15 signature-based debit card purchases
  • One direct deposit or ACH auto debit
  • Receive e-statements
Additional features of the account regardless of the monthly requirements include:
  • $50 minimum initial deposit
  • No minimum balance requirement
  • No monthly service charge
It appears that a branch visit is required to open an account. Please contact the bank for account opening details. Branches are located in Peotone and Monee, Illinois which are in the southern part of the Chicago metro area.

The bank has been a FDIC member since 1934 (FDIC Certificate # 10888)

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:
09/01/09: 4.10% APY up to $50K
06/18/09: 4.61% APY up to $50K, 1.01% over, 0.50% base
Comments
Craig
Craig (anonymous)   |     |   Comment #1
Now 3.91%APY
Craig
Craig (anonymous)   |     |   Comment #2
Ack posted to wrong bank, this one is still 4.1%, sorry
Anonymous
Anonymous   |     |   Comment #3
Now 3.05 as of 1/1/2010