Magna Bank states, “If your checking account isn’t earning 3.25% APY, it’s time for a change!” If you’re ready to make that change, open a Premier Checking account from this bank to begin earning the best checking account rate of 3.25% APY.
There is no minimum balance needed to earn this checking account rate, only an opening deposit of $100. All you have to do is use your Magna Bank Visa debit card to perform at least 12 transactions per monthly cycle and make at least one direct deposit or direct withdrawal per month. This rate applies to balances up to $25,000. Rates are subject to change without notice.
Magna Bank was originally founded in 1999 as 1st Trust Bank for Savings, a federal savings bank, by two experienced thrift industry executives and two veteran real estate executives. Since the shift in economic conditions the goal of Magna Bank has been “to remain a safe, strong bank by preserving capital, maintaining liquidity, prudent lending, controlling expenses, and continuing to serve our communities.” Branches are located in Germantown, Memphis and Cordova, Tennessee.
Current Magna Bank CD Rates
Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.
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