Salisbury bank, located in Connecticut, Massachusetts, and New York is offering a rewards checking account with a rate of 4.01% APY. This checking account is called the Free Interest Plus Checking. The features are quite general on this account, however, its rate is quite decent. Balances up to $25,000 qualify for the 4.01% APY and for any balances over $25,000 a 1.10% APY will apply. However, if you do not meet the monthly requirements you will only get a 0.10% APY base rate.
Some attractive things about the rewards checking account are:
- Unlimited ATM refunds on fees nation wide
- Extremely low initial deposit – only $25
- There is no required minimum balance
- There is no monthly charges on the account
- This account is FDIC insured
To qualify for the higher rates you must meet the following monthly requirements:
- A minimum of 10 debt card purchases
- Must receive eStatements
- You must have 1 direct deposit or 1 ACH auto debit
The account is not an online account – so this only applies to locals only.
Check out more great Rates on Go Banking Rates.
