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5.01% APY No Fee Checking Account

36 comments

Offered by:
First Banking Center
See all offers from First Banking Center

Unfortunately, this offer has expired.

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First Banking Center is offering a checking account with 5.01% APY on balances under $25,000 with no ATM fees, no minimum balances, and no service charges. Please read requirements.

Requirements to Qualify

Make at least 10 Check-Mate Card purchases (excluding ATM transactions
Receive a monthly electronic statement
One direct deposit or ACH auto debit
$100 minimum initial opening deposit

Benefits

No minimum balance requirement
No monthly service charges
Unlimited check writing with no per check fees
Free check safekeeping required
Interest is credited to the account monthly, based on the following tiers:
On balances from $0 - 25,000
On balances from $25,001 and over OR base rate for all balances if requirements are not met
24-hour account access via Internet available
24-hour account access via telephone
Overdraft Privilege program attached
Direct Deposit available

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USER COMMENTS(36)

godwinsg
Oct 6
9:34 pm

Does not make sense why they would not offer online account set up. But, I am sure there is a reason why. Hopefully it's not stupidity.

cymenvig
Aug 12
8:15 pm

I've been with them for a couple months. I did manage to loose my ATM card this past month so I got the 0.50% rate for the month. Normally though, it's not an issue as I buy lunch at the grocery store at least 10 times a month. The ATM replacement card is a "10-14 days" thing and I'm still waiting on mine so they weren't kidding. Overall though, I'm happy with them as long as the 6.01% rate stays.

rman
Jul 27
5:30 am

6 months after ProVision's January 31 post, and First Banking Center is still requiring customer to come in to the bank? Why advertise nationally if your product is only available locally?

whocares08
Jun 3
1:16 am

accounts. In most every state and a number that are nationwide.

High Yield Reward Checking Accounts Available Nationwide

statistics Updated on June 2, 2008

Bank/Credit Union APY Balance Cap Link to Account Review

Coulee Bank 6.01% $25,000 updated rvw: 04/30/08

Charter Bank 6.01% $25,000 updated rvw: 11/13/07

Golden Plains Credit Union 6.01% $25,000 updated rvw: 04/04/08

Lee County Bank & Trust, N.A. 6.01% $25,000 initial rvw: 06/02/08

Southern Community Bank & Trust 6.00% $25,000 updated rvw: 02/13/08

Bank of Blue Valley 5.51% $25,000 updated rvw: 06/02/08

United National Bank 5.51% $25,000 initial rvw: 06/02/08

First New England Federal Credit Union 5.15% $25,000 updated rvw: 05/30/08

Consumers Credit Union 5.09% $25,000 updated rvw: 02/02/08

Heartland Community Bank 5.06% $30,000 updated rvw: 04/09/08

Capital Bank 5.01% $25,000 updated rvw: 05/13/08

West Texas National Bank 5.01% $25,000 updated rvw: 04/30/08

Coastal Federal Credit Union 5.01% $50,000 updated rvw: 02/12/08

The Bank of Fayetteville 4.51% $50,000 updated rvw: 05/15/08

First Arkansas Bank & Trust 4.44% $50,000 updated rvw: 02/02/08

State Bank of Toledo 4.01% $70,000 updated rvw: 03/21/08

Provident Credit Union 4.01% $25,000 updated rvw: 04/01/08

ViewPoint Bank 4.00% $50,000 initial rvw: 05/22/08

Connexus Credit Union 3.51% $25,000 updated rvw: 05/03/08

http://www.highyieldcheckingdeals.com/2008/03/high-yield-reward-checking-by-states.html

ncbeaglegirl
May 17
4:56 am

It would probably be a good deal and I would consider looking into it further - but I live in NC. That's a bit of a drive to open a bank account don't ya think. It would be great if they had the offer open for online applications.

MJJunction
May 9
3:50 pm

Best I've seen since the fed started cutting rates in 2007...wish I lived closer...

mahmadi
Mar 17
6:46 pm

I filled out the form to create an account and they said that I'd receive an email asap from one of their reps to finish the account, but I never heard back from them. Sound familiar?

afeld
Mar 6
3:40 am

I'm seriously considering driving the 5.5 hours to open an account. With ETrade being the next best thing at 4.1%, people with actual savings are losing out. Tempging...!

ZICCY
Feb 18
7:54 pm

They can offer this rate because just like rebates, most people don't follow the requirements and get the 0.50% non reward rate. Also if you make 10 checkmate card transactions a month that is reducing the apy due to capital reduction. Plan on making many sub $1 purchaces since my credit card pay me 5% for purchaces