A competitive money in the bank deal in Kentucky is being pushed by South Central Bank of Hardin County . They offer a high yield savings account that earns 3.00% APY. The savings account can be opened for a minimum funding of $100.

The bank charges $3 if your balance on this high interest savings account drops below $100. They also limit withdrawal from your account to six transactions every quarter with corresponding fee for any excess take outs.

This current interest rate is not posted on their website but was tipped to us by one of our readers. The customer service of the bank confirmed that they are really offering 3.00% APY for their best savings account. They do not consider this as a promo rate since its been there for quite a while but the interest rate can be changed any time.

This is a local deal in Kentucky. According to the bank, interested consumers can drop by one of their offices to open an account. The bank operates two branches in Elizabethtown in Kentucky.

The bank works with other sister banks that share their website. Note that it is only South Central Bank of Hardin County that has this high interest savings offer.

It has an average rating on soundness and safety. Banrkate.com gave 3 stars based on their March 2009 data. BauerFinancial issued 3 ½ stars for the bank’s performance with their June 2009 figures as bases.

South Central Bank of Hardin County is insured with the FDIC with certificate number 33977.