M&F Bank is offering their Summit Checking which offers a checking account rate of 3.50% APY. Earnings rates for the following balances are:
- Earn a premium interest rate of 3.50% APY for balances up to $25,000
- Earn interest rate of 1.25% APY for balances above $25,000
- Earn base interest rate of 0.10% APY if requirements are not met
Requirements you must meet each month in order to get the higher rates are:
- Must have 12 debit card transactions including ATM transfers
- Must log into the online banking at least once very month
- Must have 1 direct deposit or ACH auto debit
- Must enroll and receive eStatments
The plus side of this checking account are:
- The minimum opening balance is low – $100
- No service fees or service charges
- ATM refunds nationwide up to $25 a month or per statement cycle
Other Terms and Conditions may apply to this offer – please contact the financial institution to review.
For more great checking account rates check out what other bank deals there are on Go Banking Rates.
