Bank 1440 is currently offering an Optimum Checking Account with a checking account rate at 5.01% APY. This checking account by far has one of the better checking account rates compared to what some other banks are offering. The rate requirements for the following balances are as follows if monthly requirements are met:
- 5.01% APY on balances up to $25,000
- 2.01% APY on balances over $25,000
- 0.10% APY on balances if you don’t meet the month requirements
To meet the qualifications for the higher rates you must meet the following each month:
- Make 10 debt card purchases
- Set up 1 direct deposit or make 1 ACH auto debit
- You must enroll and receive eStatements
Perks on the Optimum checking account are:
- Free online banking
- Free personal checking account
- Low minimum to open account – $100
- No minimum balance required – aside from the initial start up
- Free ATM refunds nationwide if you meet the monthly qualifications
- FDIC insured
One thing to note about this checking account rate is that it is subject to change at any given time.
For more great Rates see what other banks are offering on their checking accounts on Go Banking Rates.
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