MemoryBank’s EarnMore Interest Checking Account offers a 1.50% APY for the first year (1.00% APY thereafter) on balances up to $250,000 when you meet simple monthly requirements.
You’ll earn a 1.00% APY on balances of up to $250,000, plus a 0.50% bonus APY that is available to new EarnMore Account customers who meet the minimum activity requirements for the first 12 statements during the bonus period.
MemoryBank is an Internet-only bank from the Republic Bank & Trust Company that is available nationally to residents of the United States and its territories who are over 18 years old.
Check out the EarnMore Account from MemoryBank to get a 0.50% bonus APY for 12 months for a total 1.50% APY on balances of up to $250,000.
EarnMore Interest Checking Account Features
- Earn a 1.50% APY on Balances of up to $250,000 for First 12 Months (includes 0.50% APY Bonus).
- Earn a 1.00% APY on Balances of up to $250,000 in All Subsequent Years.
- Must Meet Monthly Requirements to Earn Higher Interest Rate, otherwise 0.05% APY Applies if Requirements are Not Met and on Balances over $250,000.
- $50 Minimum Opening Deposit Requirement.
- Account Can Be Funded with Credit Card (up to $500 maximum), Debit Card, or another U.S. Checking or Savings Account.
- No Monthly Account Maintenance Fees.
- No Minimum Balance Requirement to Avoid Fees.
- Soft Credit Pull Performed During Application.
- Access to over 85,000 surcharge-free ATMs with your MemoryBank MasterCard debit card.
- MemoryAlert balance and activity notifications, configured when and how you want them.
- Live customer support through online chat, phone, and email.
Monthly Statement Cycle Requirements to Earn High APY
- Receive at least 1 electronic deposit such as payroll, transfers from other financial institutions, or even Popmoney.
- Use your debit card for at least 5 in-person or online purchases.
- Get your statements online.
After the 12-statement bonus period where you’ll earn a total 1.50% APY (1.00% standard APY + 0.50% bonus APY), you must continue to meet the monthly activity requirements to earn the standard 1.00% APY with no bonus APY available.
Take advantage of MemoryBank’s EarnMore Interest Checking Account to earn a high interest rate on large deposits with relatively easy-to-meet monthly requirements.
You may also be interested in Bank of Internet High Interest Checking to qualify for a high APY on your deposited funds.
A special thank you goes out to DepositAccounts.com for posting about this new rewards checking account opportunity.