The bank also has a decent rate on its money market account. It's currently 2.00% APY for balances over $2,500. When I last posted on this bank in September 2008, the rate was 3.44% APY. So it has some history of competitive rates.
It appears a branch visit is required to open accounts. The bank is located in Naperville, IL which is in the Chicago metropolitan area.
It's a fairly new bank that was just established in 2007. Consequently, it doesn't have a rating at BauerFinancial. Bankrate gives the bank 3 stars (performing) in its Safe & Sound ratings. This is based on 12/31/08 financial data. The bank is FDIC insured (FDIC Certificate # 58429).
Thanks to the reader who mentioned this bank in the Daily Deals & News Post.
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