1.46% APY best savings interest rate with DeMotte State Bank
DeMotte State Bank based in Indiana invites consumers to grab their money in the bank deal called Savings Growth. This is a high earning savings account with you can open for as little as $100 and with a current best interest rate of 1.46% APY.
This savings account works like how savings bonds work. With a small initial deposit you can start saving for a major purchase or just for the rainy day. This has a 5 year period and you can make unlimited deposits without any set cap.
You need to maintain a balance of $100 in order to enjoy the best savings account interest rate but this is waived for individuals who are 18 and below and those who are 65 years old and older. You also need to stay the $100-line to avoid the monthly service fee of $2.
The bank allows 3 withdrawals for every statement cycle. You will have to pay $1 in case you go beyond the withdrawal limit. Preauthorized transfers or phone transfers are limited to six per month.
If you want to open an account, you need to go to one of their branches. They have offices in DeMotte, Lowell, Knox, Wheatfield, Cedar Lake, Hebron, Roselawn, Kouts, Rensselaer in Indiana. You can call the bank through 219-987-4141.
DeMotte State Bank is insured by the FDIC.
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