bank rates

Illinois Deal: Earn 4.09% Up To $25,000

Looking to go green? Check out Resource Bank’s (www.resourcebank.com) Extreme Green Checking account if you live in the DeKalb, Ill., area.

The bank west of the Chicago suburbs is paying 4.09% APY on its reward checking account, which puts it on par with the best national deal, but Resource Bank is paying the top rate on balances up to $25,000.

In comparison, Consumers Credit Union (www.myconsumers.org) of Waukegan, Ill., is also paying 4.09% APY, but the rate is only good on balances up to $10,000.

Like most rewards checking accounts, a Resource Bank account requires that you make at least 12 debit card purchases per month, make an automatic payment or direct deposit and sign up for eStatements to earn the top rate.

If you don’t meet the requirements in a given month, you’ll earn 0.05% APY. And balances above $25,000 earn 0.25% APY.

There’s no minimum deposit needed to open an account, but you must stop by one of Resource Bank’s seven branches to open an account.

If you don’t live near a branch, your best bet for rewards checking is Consumers Credit Union, which has no geographic restrictions on membership. At Consumers, you’ll earn 0.56% APY for balances between $10,000 and $25,000 and 0.35% APY for balances in excess of $25,000.

You can see how these deals stack up against the best nationally available savings and money market rates in our extensive database.

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Comments (3)
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3 Existing Comments
  1. Kathy at Bankaholic said:
    on October 13th at 11:22 am

    Resource Bank’s rates are still being offered.

  2. Kathy at Bankaholic said:
    on October 17th at 07:52 am

    This deal is still available.

  3. Kathy at Bankaholic said:
    on October 24th at 07:55 am

    You can still get this rate.