Bank of the Lakes Illinois Best Reward Checking Account with 4.01% APY Gains
State Bank of the Lakes in Illinois offers their best checking account with a very competitive yield of 4.01% APY on balances capping at $25000 and 1.01% for amounts above this ceiling.
The account also refunds up to $20 of ATM fees per cycle given that the account holder will opt to receive electronic statements, complete at least 12 purchases using the VISA debit card, and posting a direct deposit or ACH debit. The rate will drop to 0.15% if these monthly requirements are not met.
An individual may open multiple accounts to take advantage of the yield but the requirements must be met for each account.
Application for the best reward checking can be initiated online but a bank visit may be necessary to complete the application.
One may visit their offices spread across Illinois specifically in Lake Villa, Spring Grove, Grayslake, Lindenhurst, and the city of Antioch.
The Bank of the Lakes is FDIC insured with certificate # 5744.










