bank rates

New Rewards Checking Fave Pays 4.01%

We’re adding the high-yield checking account at Danversbank to our list of favorites.

We're adding the high-yield checking account at Danversbank to our list of favorites

It’s paying 4.01% APY on balances up to $25,000 — a rate that’s almost impossible to find these days, even on 7-year CDs — with free ATM use and no monthly fees.

Although the rate on these accounts is always variable, Danversbank hasn’t changed its return since April 2008.

That’s admirable stability from the 150-year-old bank in Danvers, Mass., that has more than 30 branches in the Boston area.

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