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5.08% checking at State Bank of Countryside
Posted by | Posted in State Bank of Countryside | Posted on 14-03-2009
State Bank of Countryside has a Reward Checking Account yielding 5.08% APY. There are a number of catches: You must perform ten debit card transactions per cycle, have one direct deposit or ACH credit per cycle, and sign up for Internet banking with an online statement. In addition, the fine print says that you must log into Internet banking at least once every 60 days, and that there’s a $50 fee if you close the account in the first year. If your balance is higher than $25,000, you will only make 1.08% APY instead of 5.08%, and if you don’t meet all the requirements for the account, the base rate is 0.18% APY. Still, this might be a good account for people who use a debit card regularly regardless.
Also note this rate can change at any time.
State Bank of Countryside has six locations: one each in Burbank, Chicago, Countryside, Darien, Homer Glen, and Orland Park.