Arizona Residents: Earn 6.01% on Checking
Category: Bank Deals- gotalkmoney.com- 3:09 pm/ May 26, 2008Arizona Bank and Trust is currently offering one of the best checking deals in the United States. The only downfall is that you have to be an Arizona resident. This offer was open to all but now is open to Arizona residents only. Let’s take a look at how the checking program works –
You will have to open up a rewards checking account and that account will only earn 6.01% APY on balances up to $20,000. Anything after this will not receive this rate. Customer service has said that you may open up more than one account. Anything over $20,000 will earn 1.51% APY as of May 26, 2008.
In order to receive this rate, you’ll have to meet the following requirements each month –
-
Make 12 signature based debit transactions
-
1 direct deposit or ACH debit
-
Receive e-statements
In order to open the account, you’ll need a minimum of $25. Most people have said that it takes up to ten to fourteen days to open up the account. This rate of 6.01% is guaranteed until April of 2009 so act fast! For more information, visit Arizona Bank and Trust’s website.
- 6 Month CD 1.07 %
- 1-year CD 1.34 %
- 2-year CD 1.74 %
- Money Market Account 1.05 %
- Savings Account 1.04 %
- 30-year Fixed Mortgage 5.53 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
-
If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you. Whether you work with the bank or you found a deal in the newspaper, simply click on the submit a bank deal on the right hand side and help us all out!
-
If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
-
Confused on what you should invest in? Let the GoTalkMoney.com community help you when it comes to investing into a CD. If you already know what you're going to invest in, please vote on the poll on the right. If you want to see the results and you don't know what to vote, simply hit "I'm Not Sure" to see the results.
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
Has anyone thought about WHY a bank would pay so much for deposits. Heavens, after paying 6% to a depositor, and covering the expenses to run the bank, they are probably losing money on the loans based on these deposits, unless they are booking some very high interest rate loans. Sounds a little too good to be true to me.
Comment by TJS — June 30, 2008 @ 11:49 am
Incorrect information, you DO NOT have to be a resident of Arizona to open the Turbo account. I live in Oklahoma and recently opened a Turbo account.
Comment by Dale — August 26, 2008 @ 7:58 am
Oops, wrong bank, my account is at Charter Bank http://www.charterco.com/personal/turbo.cfm
Comment by Dale — August 26, 2008 @ 8:02 am