“Revolutionary Checking” through Patriot Bank: 4.01% APY
July 22nd, 2009 Posted in Checking Accounts
BankVibe reader Ryan submitted a fantastic interest checking account available to anyone in the country over the weekend. If you are looking for a place to stash a large chunk of cash (but no more than $50k) then this may be your best bet. Right now, Patriot Bank of Florida, is offering a “Revolutionary Checking” account which is providing yields of 4.01% APY to accounts with balances between $100 and $50,000. You must meet the monthly requirements though or your account will provide a much more modest 0.15% interest rate.
Benefits of “Revolutionary” Checking Account:
- 4.01% APY* on balances up to $50,000
- 1.01% APY* on balances $50,000.01 and over
- If qualifications are not met during a statement cycle, you still earn 0.15% APY* on all balances
- No service fees
- No minimum balance requirements
- ATM fee refunds up to $25 per statement cycle if qualifications are met
- FastEasy Debit Card
- Free EasyNet Online Banking
- Free Online Billpay
- Free Direct Deposit/Automatic Drafts
- $100 to open
Requirements to earn advertised interest rate:
- In order to qualify for the benefits, just meet these simple criteria each statement cycle:
- Make 10 debit transactions using your FastEasy debit card
- Sign up for e-Statements
- Arrange one automatic payment or Direct Deposit
- Access Online Banking once every statement cycle
