Evantage Bank’s 5.25% Rewards Checking Account
Another supreme savings/checking product is being offered through Evantage Bank. Their “Rewards Checking Account” is currently yielding 5.25% APY! The national average sits at around 1.0% APY.
This rate currently ties for the number 2 spot on BankVibe’s Interest Checking tables, however it’s a variable rate and may change without notice once you’ve opened your account.
The requirements to receive this rate are a bit more lenient when compared to previous high interest checking accounts we’ve covered. With this account there is no monthly ACH transfer or auto debit payment which is typically required for similar products.
Requirements and Features of Rewards Checking through Evantage Bank:
(as seen on their website)
- FREE Online Banking
- FREE Checking
- FREE Evantage MasterCard® CheckCard
- FREE Customer Service
- FREE Daily Email Notification if Overdrawn
- FREE ATM Transactions Worldwide
- Overdraft Privilege Available
- NO MINIMUM BALANCE
The requirements are:
- Make 10 Evantage MasterCard® CheckCard sales transactions**
- All statements are received electronically
April 23rd, 2009 at 4:35 pm
Unfortunately this bank is part of Bank of Wichitas and they are lowering their rate to 4% as of May 2009. At least some of these Rewards Checking are paying more than the Savings Accounts these days.
April 25th, 2009 at 11:15 am
Evantage Bank’s Reward Checking is now down to 4%