bank rates

Minnesota Deal On Rewards Checking


Center National Bank is offering this deal on balances up to $10,000Anyone who lives near a Center National Bank location in Minnesota can take advantage of a rewards checking deal that trumps the national competition.

The Center Rewards Checking account earns 4.11% APY on balances up to $10,000.

That beats the best nationally available deal of 4.09% APY offered by Consumers Credit Union (www.myconsumers.org) in Waukegan, Ill.

Consumers isn’t your usual credit union because anyone can join who pays a $5 membership fee. There are no geographic restrictions on membership.

To earn the top rate from Center National Bank (www.centernationalbank.com), you need $50 to open an account. There is no minimum balance requirement.

Any portion of the balance greater than $10,000 earns 0.40% APY.

You also need to make at least 10 debit card purchases per month, have a direct deposit or automatic payment and receive eStatements.

If you don’t meet those requirements, the account will earn 0.10% APY for the month.

The bank has locations in Litchfield and Plymouth, Minn., just west of Minneapolis. You must stop by a branch to open an account.

See how these returns compare with the best money market and savings account rates from scores of banks in our extensive database.

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Comments (2)
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  1. Kathy at Bankaholic said:
    on July 25th at 09:53 am

    Center National Bank’s 4.11% APY rate is still available, but the rate on balances above $10,000 is now 0.30% APY.

  2. Kathy at Bankaholic said:
    on August 8th at 09:50 am

    The 4.11% APY rate is still offered for balances up to $10,000.