| Reward Checking Accounts |
What are Reward Checking Accounts?
These accounts usually offer a higher premium
rate for customers who meet certain monthly
requirements such as:
- Make 10 to 20 signature-based or
PIN-based debit card
transactions.
- Make 1 direct deposit, auto-debit,
and/or online bill payment.
- Receive electronic statements only, no
paper/mail statements.
- Log into your online account at least
once.
- Maintain a balance of usually under
$25,000.
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| Summit Bank & Trust (6.01%) |
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Summit Bank & Trust.
To earn the bonus rates, perform these
requirements each monthly cycle.
- Simply have 12 or more
signature-based purchases posted within
the monthly qualification cycle.
- Have one or more automatic payment
(like a utility bill) or direct deposits
each month.
- Receive e-statements.
Notes:
- Minimum Balance: $0
- Monthly Fee: $0
- 6.01% APY guaranteed until June 30,
2009.
- Earn 6.01% APY on balances up to
$20,000.
- Earn 1.01% APY on balances over
$20,000.
- Earn 0.25% APY if requirements are
not met.
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