For almost two years, State Bank of Cross Plains’ (SBCP) Ultimate Interest Checking account has earned 2.53% APY on qualifying balances up to $25k. Qualifying balances over $25k and non-qualifying balances both earn earning 0.01% APY.
Ultimate Interest Checking Qualification Requirements
- At least 16 debit card transactions (signature).
- Receive monthly eStatement.
- Log in to eBank! at least once per month.
The Ultimate Interest Checking has no minimum balance requirement, monthly service fee, or minimum opening deposit. There is no mention of ATM fee reimbursement on the Bank’s website.
Headquartered in Cross Plains (15 miles outside of Madison), State Bank of Cross Plains’ market area is primarily Dane County, Wisconsin, but the Ultimate Interest Checking account is available to all Wisconsin residents through its online banking platform.
Opening an Ultimate Interest Checking account can be done online, or at any of the nine Wisconsin branches located in Black Earth, Cross Plains (2), Madison, Middleton, Mount Horeb, Oregon, Verona, and Waunakee.
State Bank of Cross Plains (FDIC Certificate # 15091) has an overall health grade of "B+" at DepositAccounts.com, with a Texas Ratio of 19.49% (above average) based on March 31, 2016 data. In the past year, SBCP has increased its total deposits by $48.33 million, an excellent annual growth rate of 7.63%. Please refer to our financial overview of State Bank of Cross Plains for more details.
State Bank of Cross Plains first opened its doors for business in 1908 and is the leading community bank in Dane County, Wisconsin. Between 2002 and 2010, the Bank acquired three other Dane County banks (Bank of Waunakee, Independent Bank, and The Black Earth State Bank) expanding its footprint in the County. State Bank of Cross Plains is currently Wisconsin’s 24th largest bank with assets in excess of $809 million.
How the Ultimate Interest Checking Compares
When compared to the 31 High Yield Reward Checking Accounts (RCA) tracked by DepositAccounts.com, which are available to Wisconsin residents and have maximum qualifying balances of at least $25k, State Bank of Cross Plains’ Ultimate Interest Checking APY currently ranks first.
The above rates are accurate as of 8/29/2016.