You could take advantage of a 3.01% APY savings account rate with the high-yield reward checking account from Sonoran Bank. The account requires a $100 minimum opening deposit and requires no minimum balance with no monthly fees. The only way to obtain this special account, however, is by first obtaining a high-yield checking account through the bank.
Here are some details of the checking account:
- 5.03% APY on balances up to $30,000
- 1.25% APY on portion of balance over $30,000
- 0.01% APY base rate if requirements are not met
- Refund on ATM fees nationwide
The monthly requirements for the account include:
- 12 debit card purchases
- 1 direct deposit or ACH payment
- Receive e-Statements
Like the savings account, a $100 minimum opening deposit is required. There is also no minimum balance requirement and no monthly service charge with this account.
The small bank only has one office in Phoenix, Ariz. To open both accounts, you can apply online or visit the branch location.
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.
