National Bank in Illinois with 5% APY Best Reward Checking Account
The Advantage National Bank is pushing for their best checking account that yields 5% APY for balances through $25000 and 1% for the amounts above this cap.
The account also refunds ATM Fees nationwide as long as the consumer makes on a direct deposit, direct payment, access online banking, and complete at least 12 purchases using the debit card on a monthly basis. The rate falls to 0.5% if these requirements are not met.
An easy initial deposit of $100 is required to open the account. It does not impose any monthly fees nor does it require a minimum balance.
A branch visit is necessary to open an account. They have offices spread through the Chicagoland cities of Elk Grove Village, Bloomingdale, and Roselle. These offices have different bank names but are all under the umbrella of the Advantage National Bank Group.
The bank is covered by the FDIC with certificate # 57103.
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