First East Side Savings Bank Rewards Checking Account: 4.02%
Got an idle $25k lying around that could use a healthy interest rate? Try First East Side Savings Bank out of Florida and their Reward’s Checking Account which is currently yielding a whopping 4.02% APY for balances up to $25,000.
What comes with this Rewards Checking Account?
Although you wont find many First East Side Savings Bank ATM machines around town, you will still receive free ATM usage nationwide. First East Side Savings Bank refunds your ATM usage from your Rewards Checking Account up to $25 per month. In most cases foreign ATM usage costs about 2 bucks per use, so don’t make more than a dozen withdraws per month (or 1 every 3 days) and you should be good to go.
As mentioned the 4.02% APY is paid on balances between 1 – $25,000 with 1.01% APY paid on all balances above $25k. This is a variable interest rate, however, and is subject to change at anytime without notice so be sure to keep up with your current rate by receiving paperless E-Statements from First East Side Savings Bank on a monthly basis.
What’s required of you to receive the lucrative savings rate?
3 things…
- 10 Debit Card Transactions – use your Debit Card a minimum of 10 times per cycle for purchases.
- 1 Direct Deposit or ACH Auto Debit – initiate one Direct Deposit or Electronic Automatic Debit each month. (Transfers between FESSB accounts do not satisfy this requirement)
- Receive Electronic Statements – enroll to receive your statements electronically.
No monthly services or fees are associated with this account.
