3.56% APY Best reward checking account with Bluegrass Community Bank
Bluegrass Community Bank provides a money in the bank opportunity thru their reward checking account called ABC Checking (Added Benefits Checking). This best checking account lets you earn an interest rate of 3.56% APY when your account balance is up to $25,000. An interest rate of 0.72% APY can be earned on your account balance above $25,000. Plus, reimburse your ATM surcharges monthly when all qualifications are met. Here are the list of the monthly requirements:
- setup at least 1 automatic debit or direct deposit
- make at least 10 debit card purchases
- make at least 1 bill payment through online banking
- register and receive electronic bank statement every month
If qualifications are not met during the monthly cycle, you will earn their base interest rate of 0.15% APY on the entire balance of your account. You still get a chance to earn this reward checking account rate on the next qualifying cycle when requirements are met.
This money in the bank deal provides additional benefits that you can enjoy even though you did not meet the monthly requirements and this includes unlimited check writing, 2 free boxes of personalized checks per year, debit card, free online banking with bill pay, free electronic bank statement, and ID Reclaim Basic.
Individuals who want to take advantage of this best reward checking account will be required to deposit a minimum of $100 to open an account. Since this is also free checking account, it does not require any minimum balance to earn the best interest rate nor does it charge any monthly service fee.
You may visit one of the bank’s branch to open an account. Make sure to bring valid photo identification like driver’s license, passport, or state issued ID since the bank will be requesting for a copy as part of their requirements. Bluegrass Community Bank is headquartered in Danville, Kentucky. You may also contact customer service line to get additional information about their reward checking account, other fees, or requirements thru 859-238-0556.
Bluegrass Community Bank started it’s business in 2009. They are registered under the Federal Deposit Insurance Corporation and has a certificate number 58848.
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