5.01% APY No Fee Checking Account

Offered by: First Banking Center

36 comments | Comment on this offer

Details

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

Comments

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Currently, First Banking Center requires you to visit a branch in order to complete the application process. Hopefully they will have an on-line application process in the near future.

marji 1 year ago

P.S. It appears that online registration is now an official option from the "Join Now" link above!

quietwriter 1 year ago

Seems like all their banking centers are in WI, furthermore their fee policy is outrages, you will pay for making phone enquirers on your account ect.

mortenak 1 year ago

Requirements for qualifying for stated rate look like a big hassle.

tmhoole 1 year ago

These rates are intended to build customer loyalty. So as you mentioned, there are several requirements.

CK Moderator

The rate is only 5.01% now.

markwi 1 year ago

It is impossible to sign up! Chex Systems approval keeps failing on the last step. AGHHHHH!

atxtodd 1 year ago

I opened my account on line on 2/26/2009. The whole process took less than 15 minutes. As of 3/08 2009 I have received and returned my signature card,my debit card and 34 cents interest. I have called them twice without incurring any type of charges. Also guess what, when you call a real person answers the phone. It doesn't get any better than that. By the way I live in Florida, so everything was done on line. I would recommend this bank to anyone and everyone.

doevalley 1 year ago

The requirements seem OK - until you find that you must make at least 10 card purchases! :<(

HiJax 1 year ago

If you go to CheckingFinder.com and put in your zip code it'll pull up banks that have these high interest rate accounts. It'll show you how much you'll earn at each bank and then let you Apply and fund the account ONLINE!

smsaenz 1 year ago