Hyperion Bank in Philadelphia Has Reward Checking Account that Yields 5.01%

The Hyperion Bank invites consumers to enjoy the benefits of their best checking account through their program HyperInterest Checking which gives a yield of 5.01% APY for balances through $50K and2.1% for amounts above this cap.

This also refunds ATM fees of up to $600 per year as long as the account holder meets the monthly requirements of opting for electronic statements, make a direct deposit or ACH payment, and at least complete 10 purchases using the debit card. The rate drops to 0.25% if these pre-requisites are not met.

The account does not charge any monthly fees nor does it require any minimum monthly account balance.

Application for the HyperInterest Checking account can be initiated through the bank’s website but customer service confirmed that a bank visit is necessary to complete the process. The program was kicked off last month so we are hoping the high yields will last but it will be safe to call the bank to confirm the on going rates.

Hyperion is a small bank in Philadelphia, Pennsylvania. It is FDIC insured with certificate # 58371.

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Posted on 10th December 2008 by admin in Reward Checking Accounts

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