Danversbank, a community bank based in Massachusetts, has a deal on its Free Rewards Checking account. It's a high yield checking account crediting up to 4.01% APY. As a rewards checking account, you need to meet the terms of the promotion to get the following features:
- 4.01% APY on balances up to $25,000
- 0.25% APY on the portion of balances over $25,000
- Refund of ATM fees
In order to receive the rewards rate and ATM fee refunds, simply do the following each cycle:
- Use the Danversbank Mastercard Debit Card a minimum of 12 times (excludes ATM based transactions)
- Elect to receive free e-statements
- Access Online Banking
- Set up at least one direct deposit or recurring ACH
If the promotion terms are not met, you can try again next month. Meanwhile, you'll still enjoy these features:
- 0.25% APY on all balances
- No minimum balance
- Free online banking
- Free Mastercard debit card
- Free e-Statements
- No monthly service fees
- Earn Points2U rewards
There is a minimum deposit requirement of $100 to open the account. Use the Free Rewards Checking online application to open an account. After it's open, there is no minimum balance to maintain.
Danversbank is FDIC insured and your deposits are protected up to $250,000.
More Checking Account Deals
Rewards checking accounts are popular right now and finding one of these high yield accounts in your area is easier than ever. To find more rewards checking account deals, please refer to my previous post, 7 Reward Checking Account Options Over 3.00% APY, and these recent checking account deals:
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