2.02% APY High Yield Savings Account with MidAmerica Bank and Trust Company

MidAmerica Bank & Trust Company offers their high interest savings account called Eagle’s Nest Savings that has the best interest rate of 2.02% APY.

Interested individuals can open this money in the bank deal with an initial deposit of $10,000. It will also be wise to maintain a $1,000 minimum balance so you can avoid a monthly service fee of $10. Anything below $10K will not be earning any interest.

You can click on their online application form to open this savings account or you can also drop by one of their branches. If you have any questions about their products of services, you can call their customer service department via 1800-720-7178. You will be able to have a free access to the internet banking once you have an account with the bank.

Like other savings accounts, this offering from MidAmerica limits transfers over the phone, internet or automated system to 6 while ACH debits are limited to 3 every month. Anything that goes beyond these limits may be subjected to a penalty.

The interest rate of this savings account is compounded on a quarterly basis. The rates table has an old date of May 24 so it will be best to check first for the latest figures before signing up for anything.

The bank has been in business since the 1920s. They operate 3 branches in MO specifically in Dixon, St. Robert, and Rolla.

MidAmerica Bank and Trust Company is a member of the FDIC.

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Posted on 5th July 2010 by Randell in High Interest Savings Accounts

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