The Bank of Fayetteville offers a high interest savings account acalled Smart Saver which earns 1.31% APY on deposits up to $50,000. Any portion of the savings account beyond $50K receives 0.40% APY. This savings account requires you meet the requirements of Smart Checking account with the bank. The interest rates revert back to 0.15% APY if you do not satisfy the requirements.

You can enjoy the highest interest rates of both the savings account and the checking account by opening an account for as little as $100. There is an online application. It seems that this savings account deal is offered nationwide.

There will be no minimum balance requirements after opening the account. The earnings of their best checking account accrue daily and credited to your account every month.

Your high interest rate savings account comes with free access to the e-Banking services. You can monitor your savings through free electronic statements.

This money in the bank deal requires that you have a Smart Checking account with Fayetteville. You can use your existing account or you can open a new one with the bank. The current interest rate for this program is also very attractive at 3.20% APY for deposits up to $50K and 0.30% for funds over $50K.

You need to meet certain requirements once per cycle to enjoy the best interest rates:

* Complete 10 purchases using he check card every month
* Receive one direct deposit or set up an ACH automatic debit
* Opt for electronic statements

You automatically qualify for the Smart Saver highest interest rates if you meet the Smart Checking account requirements.

The interest rates are still posted on the bank’s website although it has a posting date of October 2009. Please contact the bank to make sure that you have the latest figures. You may also want to ask about any transaction limitations and fees which may affect the earnings of your deposit.

Bank of Fayetteville has several branches in Fayetteville, West Fork, Farmington, and Prairie Grove in Arkansas.

The bank is covered by the FDIC with certificate number 26975. BauerFinancial issued 3 stars for its performance while Bankrate.com sees it weaker at 2 stars. These were based on their June and September 2009 data.