Savings Institute Bank & Trust with Best Interest Rates for Reward Checking at 4.00%

The Savings Institute Bank & Trust in CT is pushing for their best reward checking account that earns 4.00% APY for balances through $50000 and 1.00% for any amount above this cap.

The bank also refunds ATM fees if the account holder meets the following monthly requirements: opts for e-statements, uses the billpay system of the bank at least once, and completes 10 purchases using the debit card. The rate becomes 0.15% if these requisites are not met.

The bank does not impose any monthly services fees and only asks for $25 opening deposit.

Application for the account requires a bank visit. Savings Institute has branches in Willimantic, North Windham, Brooklyn, Hebron, Norwich, Groton, East Hampton, and Enfield in Connecticut.

The bank is insured with the FDIC since 1960 with certificate number 18214.

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Posted on 18th March 2009 by admin in Reward Checking Accounts

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