bank rates

East Coast Checking Deal: 2% APY

Man signing a checkIf you live in New Jersey or Pennsylvania, you can cash in with a checking account that pays 2.00% APY.

Hopewell Valley Community Bank, based in Hopewell, N.J., offers this Kasasa Cash rewards checking account rate on balances to $10,000.

To earn this rate, you’ll need to make a minimum deposit of $100. Then you’ll need to make at least a dozen debit card purchases each month, log into online banking and receive eStatements to earn 2.00% APY on your checking account on balances up to $10,000. Higher balances earn 0.30% APY.

You may pair your Kasasa Cash account with a Kasasa Saving account, which pays 1.00% on your savings account for balances to $15,000. Higher balances earn 0.30% APY. You’ll also get $25 in ATM fees refunded each month.

If you don’t meet the requirements, you’ll earn only 0.05% APY for that month.

There’s no minimum deposit amount required to open a Kasasa Saver account. And you don’t need to keep a certain amount in either your savings or checking account to earn interest. Neither account charges monthly service fees.

If you don’t live in New Jersey or Pennsylvania, your highest-paying savings account option is with SFGI Direct (www.sfgidirect.com), which pays 1.01% APY on your entire balance. You’ll need a minimum deposit of $500 to open your account, but you don’t need to keep that much in your account to earn interest. The account does not charge a monthly service fee. SFGI Direct is the online division of Summit Community Bank, based in Moorefield, W.Va.

New Jersey and Pennsylvania residents can open their Kasasa accounts online or at one of Hopewell Valley Community Bank’s 10 locations in New Jersey.

For more information, visit www.hvcbonline.com or call 609-466-2900.

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