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GrandDaughter of High Yield Accounts (A State-by-State listing of High APR accounts for locals) Archived From: Finance

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alert mods    
   posted: Apr. 11, 2007 @ 6:42p

Was rebuked for posting local deals in the Daughter of Mother of Deals, so here is our own GrandDaughter of Local deals. This contains a list of HY checking accounts (APR 5% and above) from local banks and credit unions. Many of them have funny restrictions, like 12 debit card transactions or DD.

This list may help the lucky few who qualify for them. There are some who'd like to bank local instead of putting all money in online savings bank.

Edit: Updated in the Quick Edit box


   posted: Apr. 11, 2007 @ 6:42p

Alabama:
5.61%
- Citizens Bank
- Star Rewards Checking

Alaska - none reported
Arizona - none reported

Arkansas:
6.01%
- Parkway Bank
- Moneymaker Account

6.01%
- Bank of Little Rock Link
- Ultimate Checking

5.01% (upto $25,000)
- Bank of Fayetteville
* Smart Checking

California
5.00%
- Star One CU
- MM SAVINGS ACCOUNT
- Limited to Santa Clara County, family of members and many companies that have national locations Membership

4.5%+ (tiered)
- Provident Credit Union
- Northern California
- Savings

Colorado
5.1% (tiered)
- Advantage Bank
- Up to 5.1% APY for the Advantage Gold checking account.
- Advantage Gold Checking Account Rates
- $25 monthly fee for balances under $25K
- 1st. Southwest Bank
- 6.01% APY., 10* Debit Card per mo., DD or Direct Debit, Checks but not free, Free incoming wires, Bill Pay, Online Statements, no min, $100.00 to open.

Connecticut - none reported
Delaware - none reported

Florida:
6.01% (upto $50K)
- Premier Bank
- Limited to Tallahassee, FL
- SuperInterest Checking
- Requires 10 check card transactions & 1 direct deposit or pre-authorized electronic payment per month

5.64%
- First Commercial Bank
- Limited to Central Florida
FW Discussion

Georgia
5.0% (no min/max)
- Legacy State Bank
- Limited to Gwinnett/Walton county area

Hawaii - none reported
Idaho - none reported

Illinois
6.01%
- Valley Community Bank
- Limited to Chicago Western Suburbs
- Checking
- Unlimited ATM Rebates
- Complete 15 debit card purchases, AND
- 1 Direct deposit or 1 ACH automatic debit

5.5% (min bal 40K)
- Ridgestone Bank
- Schaumburg, IL

5.01%
- Blackhawk Bank Link

Indiana - none reported
Iowa - none reported

Kansas:
6.01%
- Equity Bank
- WOW Gold

Kentucky - none reported
Louisiana - none reported
Maine - none reported
Maryland - none reported

Massachusetts
6.01%
- Florence Savings Bank
- Limited to Northampton/Amherst area in MA
- Complete 12 debit card purchases, AND
- 1 Direct deposit or 1 ACH automatic debit
FW Discussion

6.01% (upto 100K)
- Danvers Bank
- Complete 12 debit card purchases, AND
- Have at least 1 direct deposit or 1 ACH recurring deposit or debit
FW Discussion

Michigan
6.01% (up to $25k)
- NuUnion SoSmart Checking Account
- Receive E-Statements (e-mail address required)
- 1 Direct Deposit or Direct Payment (ACH)
- Fifteen (15) Debit Card Purchases (posted to account)

Minnesota - none reported

Mississippi
5.61%
- Citizens Bank
- Star Rewards Checking

Missouri:
6.01% (on up to $25,000, 10 debits/month required)
- Equity Bank
- WOW Gold

Montana - none reported
Nebraska - none reported

Nevada:
6.10%
- Clearstar Financial Credit Union
- Reward Checking

New Hampshire - none reported

North Carolina
5.01% (upto $25k)
- Capital Bank
- Smart Checking

North Dakota - none reported

New York:
6.01% (up to $25K)
- Northern Federal CU
- Free Checking with Rewards Requires 10 POS debit card transactions per month

5.50%
- RateEdge
- Limited to New York counties
- Edge Savings Account

Ohio - none reported

Oklahoma:
5.00%
- Legacy Bank
- Win Win Checking Account

Oregon:
6.01% - (no maximum)
-Oregon Community Credit Union
-Remarkable Checking

6.10% - (up to $25k)
-Rivermark Community Credit Union
-Rewards Checking

Pennsylvania:
Univest bank Univest.net
- Anytime Online Saving (to national wide): 5.05% APY, $0 minimum
- Anytime Online Checking (to national wide): 4.00% APY, $0 minimum
- Although it's Anytime Online, I was told that I can visit local office for services against these accounts.


Rhode Island - none reported
South Carolina - none reported
South Dakota - none reported

Tennesse:
6.25% APY (up to $50,000)
- 10 check card transactions
- one direct deposit or ACH auto debit (free bill pay with direct deposit)
- Reward Checking

5.61%
- Citizens Bank
- Star Rewards Checking

Texas -
Patriot Bank Updated! 5.0% APY Money Market (requires $1,000 minimum to open, $0-9,999.99 is 0.50%; $10,000-$24,999.99 is 1.00%; $25,000 to $99,999.99 is 5.00%.)
link to Patriot Bank website

Utah - none reported
Vermont - none reported
Virginia - none reported


Washington State:
7.50% (upto $500)
- Boeing Credit Union Link

6.0%
- Twinstar Credit Union
- Limited to Southern WA residents (need to visit branch in Tacoma, WA to open account)
FW Discussion

West Virginia - none reported

Wisconsin:
5.5% (min bal 40K)
- Ridgestone Bank
- Brookfield, WI

5.01%
- Blackhawk Bank Link

Wyoming - none reported

Many thanks to BankDeals guy!!

Message edited by: PinwiZ on 2007-10-02 08:04:46 CDT
alert mods    
   posted: Apr. 11, 2007 @ 7:05p

Here's one in California:

Star One CU
APR 5.00%
MoneyMarket - $50 minimum to open. Local to Santa Clara County, family of members and many companies that have national locations Membership

Also, if you are local and have coin...you can use their Coinstar machine free if you hold $5K or over in deposits.


alert mods    
   posted: Apr. 11, 2007 @ 7:17p

I like your Idea, Will be interesting to keep an eye on it. Also even if I can't get a deal listed here it gives me an idea of what others are offering and what I might expect to see in my own area. I would have liked this thread title better,
"The Bastard child of The Mother - Checking, Saving, and Money Market: All Liquid Accounts Interest Rates!"


alert mods    
   posted: Apr. 11, 2007 @ 8:06p

Here is some info for Ohio

Third Federal Savings and Loan
High Yield Checking
* 4.50 APY (Annual Percentage Yield) on balances of $5,000 or more.
* Monthly service charge of $5 is waived if you maintain an average daily balance of $1,500 in your High Yield Checking account or $1,500 in total balances in all your Third Federal deposit accounts.
* Free debit card purchases with our Third Federal Debit Card. Make purchases everywhere Debit MasterCard® is accepted. You can also use the card to withdraw cash from your checking account at any Key Bank ATM.
* Write more checks than you could with a typical money market account.
* Use Online Banking to manage your High Yield Checking Account online.

Ohio Checking Rates as of Wednesday, April 11, 2007
$10 minimum to open
$5000+ 4.50%APY
$1500-$4999 1%APY
$10-$1499 0%APY

Third Federal also has very competitive CD and Saving Account rates (and good mortgage rates) and I have always been very happy with their customer service. They are also available in Florida, but I didn't check the rates.

Also for Ohio I usually keep an eye on Ohio Savings Bank, but that is usually for Money Market Accounts or CDs.


alert mods    
   posted: Apr. 11, 2007 @ 8:34p

I like the kansas one (Equity Bank) wow gold checking because the 10 electronic transaction requirement to get the 6% rate and unlimited atm rebates, unlike most of the others, they can be ANY combination of things...like atm withdrawals, ach ins and outs, bill pays...etc...Only one catch: they won't let you open an account unless you live in Kansas....darn!


alert mods    
   posted: Apr. 11, 2007 @ 8:53p

craig10x said:I like the kansas one (Equity Bank) wow gold checking because the 10 electronic transaction requirement to get the 6% rate and unlimited atm rebates, unlike most of the others, they can be ANY combination of things...like atm withdrawals, ach ins and outs, bill pays...etc...Only one catch: they won't let you open an account unless you live in Kansas....darn!

I think I might go ahead and do this. I've had it with my bank of 10 years and this rate is unbeatable.


alert mods    
   posted: Apr. 11, 2007 @ 9:00p

Copied from the Daughter of the Mother (maybe this thread is the GrandDaughter?)

dlr3 said:RateEdge: 5.50%. More info at BankDeals


alert mods    
   posted: Apr. 11, 2007 @ 9:47p

Giddings, TX
First National Bank of Giddings
4.02% APY checking account upto $25,000
Need to use VISA check card 10/month


alert mods    
   posted: Apr. 11, 2007 @ 11:06p

Quick question from newbie-
Can my employer do direct deposit to one of these local banks if they are out of state?


alert mods    
   posted: Apr. 12, 2007 @ 12:13a

bankrupt said:Quick question from newbie-
Can my employer do direct deposit to one of these local banks if they are out of state?

That should not be a problem...the problem might be to find one of these banks that will allow depositors outside their area...


alert mods    
   posted: Apr. 12, 2007 @ 6:56a

redindian said:

Kansas:
6.01%
- Equity Bank
-WOW Gold



Damn, I thought I could earn interest on my World of Warcraft gold.


alert mods    
   posted: Apr. 12, 2007 @ 9:22a

redindian said:
Kansas:
6.01%
- Equity Bank
-WOW Gold

Just called Equity Bank and they require that you come into a branch to complete the opening of the account.

Minimum of 10 electronic items per month are required.


alert mods    
   posted: Apr. 12, 2007 @ 9:30a

Tallahassee, FL
6.01% (up to $50k)
Premier Bank
"Super Interest Checking"
Requires 10 check card transactions & 1 direct deposit or pre-authorized electronic payment per month

Edited to add limit of $50k.


alert mods    
   posted: Apr. 12, 2007 @ 11:26a

Any rates for PA????


alert mods    
   posted: Apr. 12, 2007 @ 11:26a

Illinois:(Chicago Western Suburbs)
6.01%
- Valley Community Bank
- Checking Link
- Unlimited ATM Rebates
- Complete 15 debit card purchases, AND
- 1 Direct deposit or 1 ACH automatic debit


alert mods    
   posted: Apr. 12, 2007 @ 11:30a

Missouri:
6.01%
- Equity Bank
-WOW GoldThey have a requirement of 10 "electronic transactions", but according to Bank Deals that includes ACH transfers in and out which makes this smoking hot. I may have to switch from BofA for this ...


alert mods    
   posted: Apr. 12, 2007 @ 11:31a

montee4 said:redindian said:
Kansas:
6.01%
- Equity Bank
-WOW Gold

Just called Equity Bank and they require that you come into a branch to complete the opening of the account.

Yep...details from their online application are as follows:

All applicants must be (1) a U.S. Citizen or Permanent U.S. Resident; AND (2) a resident of Kansas or Missouri, or an existing Equity Bank customer to apply for a new account online.


alert mods    
   posted: Apr. 12, 2007 @ 11:35a

wmozart5 said:All applicants must be (1) a U.S. Citizen or Permanent U.S. Resident; AND (2) a resident of Kansas or Missouri, or an existing Equity Bank customer to apply for a new account online.

"or an existing Equity Bank customer" Sounds like a loophole. So open up a CD with them first and your an existing customer? They probably still want you to come in to a branch.


alert mods    
   posted: Apr. 12, 2007 @ 11:45a

yes, i would love to get into that Equity Bank deal...because they are the only one that lets you use ANY electronic transactions to qualify (INCLUDING ach ins, ach outs, debit card transactions, bill pays, direct deposits...even your atm withdrawals)...that is EASILY done....and the rate and unlimited rebates is great...but seems that if you don't live in those two states, and can't come in to them, they won't let you get it....if only there was a way....


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