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East Carolina Bank Reward Checking

May 18th, 2010

East Carolina Bank is offering a reward checking account to residents of North Carolina that’s paying out 4.01% APY on balances up to $25,000 and 1.01% APY on balances over $25,000. if you don’t meet requirements for reward interest the interest rate falls to 0.05% APY. The account also comes with $20 in refundable ATM fees per statement cycle.

To earn the reward interest rate you need to make 10 debit card purchases, 1 direct deposit or bill pay, and receive e-statements. You need to fulfill these requirements every month.

There’s a $100 minimum deposit on the account but no minimum balance requirements or monthly fees.

East Carolina Bank also has a savings account offering 1.5% APY on balances up to $50,000. Interest on the portion of your balance over $50,000 drops to 1.01% APY. You need to maintain at least $200 in your account to avoid a $2 monthly service charge on this account.

Branches of East Carolina Bank are located in Washington, Leland, Morehead City, New Bern, Currituck, Hatteras, Engelhard, Williamston, Wilmington, Hertford, Greenville and Columbia, North Carolina.

East Carolina Bank has a 2 out of 5 star soundness rating from bankrate and is FDIC insured. To visit their website click here.

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