We've seen checking accounts that reward for online banking; however, North Middlesex Savings Bank is offering a savings account with a high-yield 2.75% APY that rewards for traditional banking. In order to take advantage of this very high savings rate, you have to open a Simply Save Account and make one $50 deposit in person per interest cycle.
There is no minimum opening deposit and you earn the high APY simply by maintaining between $10 and $10,000 in your bank account. If the monthly deposit requirement is not met each interest cycle (it starts the day after the third Wednesday of each month and ends the day before the third Wednesday of the next month), or your balance rises above $10,000, your rate will drop to 0.25% APY.
To open an account, visit one of the branches located in the cities of Ayer, Groton, Littleton, Pepperell, Devens, Lunenburg, and Shirley.
>> Spectacular Savings Specials
Other Terms and Conditions may apply to this offer - please contact the financial institution to review.