High Yield Reward Checking Account with Commonwealth Bank and Trust Company earns 4.50% APY
Commonwealth Bank and Trust Company still offers their Extreme Checking account, their best checking account that earns 4.50% for deposits of up to $25,000. Portions of funds above this ceiling gains 1.01% APY. The bank also returns ATM fees max of $25 every cycle.
The current interest rates are guaranteed until May 2010 and can be enjoyed given the following monthly requirements are met:
The interest rate drops to 0.10% if the above requirements are not met.
This best reward checking account can be opened for a minimum funding of $100. The bank does not collect any monthly service charges and they do not set any balance requirements.
Interested consumers can open a new account through an online application. This was a local money in the bank deal previously but is now offered nationwide. We got confirmation from their customer service representative that people from any state can apply for this checking account. Their toll free number is 1-800-244-7708.
It will be best to grab this high interest offering as soon as you can since small banks often do not have these kinds of deals for long.
Commonwealth Bank and Trust has several offices in Kentucky particularly in Louisville, Simpsonville, Anchorage, and Shelbyville.
The bank has some strong ratings for soundness and safety. BauerFinancial and Bankrate.com both issued 4 stars based on their March 2009 data.
The bank has been indexed with the FDIC since 2006 and is insured under certificate number 10146.
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