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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

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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)

ramneekh
Feb 16
7:35 am

Requirements to Qualify

Make at least 10 Check-Mate Card purchases

a) anybody knows if check-mate card is a debit card or a credit card?

b) 10 purchases every month requirement? if that's initial 10 purchases only not a monthly 10 purchases then I am game for it.

ProVision
Jan 31
11:56 pm

From the SD thread,

I went and "applied" and received this response:

Thank you for your recent inquiry into First Banking Center’s free Rewards Checking Account.

We are very excited to offer such a great account. In order to comply with federal regulations, at this time we are requiring our customers to come into one of our locations so we may examine customer identification documents. Please refer to the locations listed on our website at www.firstbankingcenter.com and let us know which location is the most convenient for you.

Because of the popularity of this account, First Banking Center will soon be implementing new procedures that will allow us meet all regulatory requirements without having the customer come in and open the account in person. Please check back with us. Thank you.

First Banking Center

gsiegler
Jan 30
8:23 pm

They waive the requirements for the first month too, so you're guaranteed to earn interest that first month. Seems like a great deal.

hardeight
Jan 30
12:24 pm

This rate is even more attractive if they still honor it after today's rate cut. Crazy times. 1.25% in less than 2 weeks.

ahyong
Jan 30
1:57 am

The might rate might drop anytime soon with the move that the fed is taking... Most banks already dropped by at most .50%.. I dont' know if I should switch to this bank or not.. I also need someone who know anything about this bank and their experience with them? Thanks

hardeight
Jan 29
10:00 pm

I've never heard of these people. Has anyone ever used them before? The best rate I have seen are in the 4% range and I suspect those will go down with the fed move. I'd love to hear from someone who has used First Bank before.