bank rates

Virginia Deal: 5.05% On Reward Checking

Beacon Credit Union is offering savers in the Lynchburg area a high-yield checking account that trumps the top nationally available deal by nearly a full percentage point.

Savers in the Lynchburg area can earn 5.05% on the first $2,500 on deposit at Beacon Credit Union.

It’s Choice Checking pays a top rate of 5.05% APY, far outpacing the best national return of 4.11% offered by Liberty National Bank of Lawton, Okla.

The only drawback is that the account only offers that rate on balances up to $2,500 – a much lower limit than on most high-yield or reward checking accounts.

Balances above that amount earn only 0.25% APY.

To qualify for the top rate you need to make a direct deposit into the account each month, make 15 debit card transactions per month and sign up for online banking.

Anyone who lives or works in Bedford, Campbell, Amherst, Rockbridge and Appomattox counties is eligible to join Beacon and take advantage of this offer.

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Comments (3)
1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 4.33 out of 5)
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3 Existing Comments
  1. Kathy at Bankaholic said:
    on March 16th at 09:34 pm

    The rate is still going as of March 16, 2011.

  2. Kathy at Bankaholic said:
    on March 30th at 09:26 am

    You can still get this rate as of March 30, 2011.

  3. Kathy at Bankaholic said:
    on May 26th at 10:19 am

    The rate is still available as of May 26, 2011.