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Charter Bank Introduces TurboBanking.com

Category: Bank Deals- gotalkmoney.com- 1:18 pm/ May 5, 2008

Charter Bank introduced a whole new program called TurboBanking.com, which is a new checking account offering a very high APY.  I’ve listed below the details about the account –

Earn 6.01% APY on balances up to $25,000.  Keep in mind that this is NOT an introductory rate.  It may sound too good to be true but you will have to maintain the following guidelines monthly which are as follows –

  • Make at least 10 debit card transactions monthly.

  • Receive one direct deposit or ACH auto debit monthly.

  • Receive your monthly statement via the internet (e-statement).

  • Access your on-line banking account at least once a month.

If you think you can handle these tasks, which I consider nothing and its well worth doing for this awesome rate.  This rate has been this high since October of 2007, so I don’t see it changing anytime soon.

A $100 minimum deposit is required to open this account.  If you fail to meet the minimum requirements above to maintain your APY, the standard APY will be .25%.

For more information on TurboBanking.com, visit their website or call 1-800-366-7621

1 Comment »

  1. I opened a Turbo Account Aug 2008. So far so good, interest rate still 6.01%. Refunded ATM fees. Took a little time & effort to get everything set up and transfered, but it the rate holds up, will be worth it. I have been doing virtually all of my banking online for years, so no effort to comply with their requirements

    Comment by Dale — October 11, 2008 @ 8:07 am

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