Princeville State Bank invites consumers to take advantage of their high yield savings account under the brand Kasasa Saver. This best savings account earns you an interest rate of 0.89% APY but if you open a Kasasa Cash account which will be linked to your Kasasa Savers then you will earn their best interest rate of 1.01% APY.

The best thing about this savings account is that there is no minimum balance requirement nor monthly service fee. You also get to access your account using online banking for free and view your account by subscribing to electronic bank statement. You also need to meet the following monthly requirements:

• make at least 10 or more purchases using your debit card
• have at least 1 direct deposit or 1 automatic payment posted every month
• receive electronic bank statement at least once a month

You can start earning this best interest rate when you deposit a minimum of $1 to open an account. In case you do not meet the bank’s monthly requirements, you will earn a lower interest rate which is 0.05% APY. You still get a chance to earn this best saving account rate on the following month when requirements are met.

This money in the bank deal is offered to individuals residing in the state of Illinois. To open an account, you just need to complete the application online and provide proper identification. For more information about their current interest rate and other requirements you may call their customer service at 888-385-4375.

Princeville State Bank was established in 1950. They already have 2 branches which is located in the cities of Peoria and Princeville in the state of Illinois. The bank is also registered under FDIC certificate number 16900.