Heartland Bank recently offers a 5.05% APY Performance Savings Account and up to $50 bonus for new customers. There's a minimum opening balance of $500, but the balance can drop below $500 after it's opened without any monthly fees.
Once your Performance Savings Account has been open for six months, a cash bonus of up to $50 will be deposited directly into your account.
1. $5.00 per $1,000 average monthly balance of the previous six months.
2. Minimum average monthly balance to collect bonus is $1000. Balance will be rounded down to the nearest $1,000 increment.
3. Not available in combination with any other offer. Bonus is subject to approval.
So for those who have $10K or less in deposits, the bonus would add about an extra 1% to the interest rate resulting in a rate close to 6% for the those 6 months.
This is a pretty good deal for those looking to store their money in the short term while keeping some liquidity. The bonus promotion is only limited to new customers.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment