Peoples Bank located in North Carolina is offering a nationwide FREE rewards checking account with interest checking rate of 3.35% APY. The 3.35% APY applies to all account holders with balances up to $50,000 and for balances over $50,000 a rate of 1.00% APY will be applied, however, if monthly requirements are not met the default base rate is 0.10% APY.
To qualify for the higher interest checking account rates the monthly requirements are:
- You must enroll and receive eStatements
- You must make 10 debit card purchases a month
- You must have 1 direct deposit or 1 auto debit
The great perks about this checking account are:
- The opening balance required for this account is low – you only need to deposit a $100 minimum initial deposit
- Aside from the initial deposit there is no minimum balance required on the account
- There are no service charges
- You can pay your bills online for free
- You can use any ATM nationwide and get refunded for charges made by other banks
- This bank is FDIC insured
To look for more great Rates, check out what other Banks are offering on Go Banking Rates.
