State Bank of The Lakes in Illinois Reward Checking

If you are looking at getting a great rate on a checking account and live in Antioch, Lindenhurst, Grayslake, Spring Grove or Lake Villa Illinois, then there is a great rate that you might not want to pass up. Currently State Bank of The Lakes is offering a 4.01% APY on balances up to $25,000 deposit.

There are however a few rules that apply in order to receive this rate. You will need to make sure that your account has 12 Visa debit card purchases each month, one direct deposit or ACH debit per month, and you will receive electronic statements. If these are not met then the rate will fall to 0.15%.

All you will need to do to get started is visit a branch and deposit $100. There are no minimum balance requirement to stay active. We will have more bank deals for Illinois in the near future including credit card deals and other special checking and savings accounts.

1 Comment | Tags: Checking

Comments:

  1. Erik says;
    10 Feb 2009 - 0:03

    Check out the best rates on short term deposits at big banks versus those at select community banks from CheckingFinder.com. Community banks continue to offer higher yields on short term deposits to serve as economic engines.

    COMMUNITY BANKS

    Florida Central Credit Union 6.01 FL
    First Robinson Savings Bank 6.01 IL
    Union State Bank/Bank of Atchison 6.01 KS
    Communications Federal Credit Union 5.25 OK
    Connexus Credit Union 5.15 WI
    Keystone Bank 5.15 AL
    First New England Federal Credit Union 5.15 CT
    Three Rivers FCU 5.01 IN
    Legence Bank 5.01 IL
    Community Bank of Pleasant Hill 5.01 MO
    Community Bank of Raymore 5.01 MO
    United Heritage Credit Union 5.01 TX

    MEGA BANKS

    • ING decreased their highest rate offered by 25 basis points, from a 2.50% APY on a 1 year CD to a 2.25% APY on a 4 year CD.
    • Schwab decreased their 18 month CD rate by 15 basis points, from a 2.65% to 2.50% APY.
    • E*Trade decreased their 5 year CD rate by 30 basis points, from a 1.70% to 1.40% APY.
    • E-Loan increased their 6 year CD rate by 50 basis points, from a 3.50% to 3.70% APY
    • Washington Mutual decreased their 5 year CD rate by 50 basis points, from a 3.00% to 2.50% APY.
    • AARP Financial Savings Center decreased their savings rate by 50 basis points, from a 2.00% to 1.50% APY.
    • Wachovia increased their 17 month CD rate by 15 basis points, from a 1.85% to 2.00% APY.
    • E-Loan currently has the highest rate at 3.70% APY on a 6 year CD.
    • E*Trade currently has the highest savings rate at 2.50% APY.

    Courtesy of BancVue.

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