4.00% APY for best checking account offered by MB Financial Bank
MB Financial Bank is still pushing for their best interest rates offered for their best checking account called Red Checking that pays 4.00% APY for balances starting at $0.01 through $10,000. Deposits that go over the $10K mark yields 0.25% APY. The base interest rate for this high yield checking account is 0.05% APY. This checking account requires an opening deposit of $10.
In order to enjoy the best interest rates, account holders must meet the following monthly requirements:
· Complete 12 transactions totalling at least $100 using the debit card
· Use the online bills payment system, set up a direct deposit(minimum of $250), make a deposit via ACH
· Opt in for electronic statements
For this high interest checking account, you need to maintain at least a $500 average to avoid a monthly service charge of $10.
This money in the bank opportunity is offered for consumers who live within the bank’s service areas in IL, PA, and IN. Also