The Offer
- CNext Bank of Louisiana is offering a Priority Checking account with a 7.00% APY interest rate on balances up to $30,000 when you meet the following qualifications:
- 12 or more debit card transactions, at a minimum of $5 per transaction, must post and settle to the account
- Receive monthly account statement electronically
- Have minimum $500 aggregate ACH credit post and settle
Balances above $30,000 earn .50% APY. There is no monthly fee on this account.
Our Verdict
You need to contact the bank to open this account, hopefully it can be opened over the phone/online with customer service. The bank footprint is in select areas in Louisiana and Arkansas, I’m not sure if/what are the geographic limitations on this account.
At the time of this writing, you can get around 4.50% on a regular high yield savings account. The bump to 7% on up to $30,000 can be a nice chunk of change for someone who is willing to meet the doable qualifications.
This is also a new high rate, we’ll add it to our list of Best High Yield Savings Accounts.
Hat tip to reader savemore
Chuck
Source link
