Acacia Federal Savings Bank Offers High-Yield Checking Account

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Acacia Federal Savings Bank is offering a 1.5% APY checking account with a minimum balance of $5,000.

Acacia Federal Savings Bank is offering a 1.5% APY checking account with a minimum balance of $5,000. The account is available nationally.  The Top Choice Checking account come with the following features:

  • Rebate of  fees incurred on any foreigh ATM
  • Free online banking and bill pay service
  • First order of 50 checks free.
  • Electronic transfer of funds between banks

It's important to note that this is not a rewards checking account. You do not have to perform a certain number of debit card transactions or get e-statements to get the top rate. At the same time, the top rate is below that of some of the best reward checking accounts.

Accounts can be opened online. Options include joint accounts and POD. Funding options include electronic ACH, check, and wire transfer.

Acacia Federal Savings Bank is based in Viriginia and serves the great Washington DC metro areas.  It is a division of Acacia Life and had assets of $1.395 billion as of Sept. 30, 2009. The bank has a 3 out of 5 star  (adequate) rating from Bauer Financial for its safety and soundness.

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