A checking account with the benefit of gaining extra value with each credit or deposit is too good to pass up, especially when there’s a chance to earn some interest. The Northwest Georgia Bank in Ringgold, GA capitalizes on this by incentivizing its customers to sign up for its VIP Free Interest Checking, with a current checking account rate of 0.25% APY.
Checking Account Rate Terms and Conditions
Like similar savings accounts, interest on Northwest’s VIP checking is compounded and credited monthly. There’s no minimum balances, monthly service charges or per check charges that apply, as well as unlimited check writing capability. A $50 deposit is needed to open an account and earn the specified checking account rate. To qualify, customers must meet one of three simple prerequisites:
- Direct deposit of pay to their VIP checking account;
- Direct deposit of Social Security to the account;
- Automatically paying a Northwest Georgia Bank mortgage loan from the account.
About Northwest Georgia Bank
Catoosa County’s oldest continuous business, Northwest Georgia Bank branded Ringgold as a “banking town” upon its formation in 1904, when the local community was still struggling to overcome the crippling economic and social effects of the Civil War. The new bank became an instant success at the turn of the 20th century, financing local farmers and providing capital for new businesses and homes. One hundred eight years later, the bank has grown into the largest and oldest community institution of its kind in the Chattanooga metropolitan area.
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.