City National Bank’s interest checking account: No maximum balance
City National Bank has an impressive rewards checking account that is fairly different than all the other high interest checking accounts currently available.
Their rewards checking account pays a relatively unimpressive 3.28% APY, however there is NO CAP on maximum balances and it is available throughout the nation (no geographical restrictions). Typically these rewards accounts come with a high interest rate, usually a lot higher than 3.28%, and a maximum balance amount in which you can earn the advertised rate. Most accounts have maximum balances of between $10k – $50k and in some cases up to $100k, but this is the first deal to come to our attention with no cap restrictions.
In general these accounts are offered by credit unions and local or regional banks whom serve a specific community and reject outsider applicants. This one is available to anyone.
Features of Rewards Checking with City National Bank:
(as seen on their website)
- 3.28% APY on all balances
- foreign ATM refunds (aka free ATM use nationwide)
- $100 minimum with no maximum
- available nationally
- Visa Debit Card issued
- free online banking and bill pay
Requirements, terms and conditions:
- Available to personal accounts only
- Minimum monthly activity required:(10) Visa debit card POS (Point of Sale) transactions (excluding ATM transactions)
- Receive monthly statement electronically
- Provide a valid email address
- Monthly direct deposit of payroll or government benefit
