ReliaBank Dakota’s “Ultimate Checking Account” - 4.07% APY
February 5th, 2010 Posted in Checking Accounts
ReliaBank Dakota has moved to the number 3 spot on BankVibe’s high interest checking account chart this month with an “Ultimate Checking Account” which provides yields of up to 4.07% APY on balances up to $25,000. Unlike most interest checking or rewards checking accounts this one comes with no minimum balance requirements, although you must make an initial deposit of at least $50. You must meet the monthly requirements which are generally associated with these accounts (details below) or else you will only earn 0.25% APY. Also, if your account balance exceeds the $25,000 threshold you will only receive 1.01% APY on the exceeding amount.
Monthly Requirements to Earn 4.07% APY:
- Make twelve CheckCard transactions per statement cycle
- Enroll and receive e-statements
- Have at least one direct deposit, one automatic debit, or one bill pay clear the account per statement cycle
Features, Terms and Conditions:
1) Checking rates effective as of January 26, 2010. They may change the APY at any time after the account is opened. No minimum balance required, however, you must deposit $50 to open this account. Available to personal accounts only. No monthly service charge. 2) Offer available on checking accounts with direct deposit. Minimum deposit of $50 required to open account. Gift card will be presented after account opening. A 1099 form will be issued. Subject to credit approval. A penalty will be imposed for closing account within the first six months. 3) Fees may apply at non-Reliabank ATM’s. Parent/guardian co-sign required for those under age 18.
February 6th, 2010 at 7:44 pm
Neighbors Federal Credit Union (http://www.neighborsfcu.org/) is currently offering 4.51% on its rewards checking.
February 7th, 2010 at 5:13 am
Thanks for the heads up Anthony. I’ll make note of this in an upcoming post!
February 9th, 2010 at 4:13 pm
hello there! just call the bank, they are no longer open ultimate checking by mail or web. you have to walk in….