MidCarolina Bank in NC Offers 4.25% Reward

The MidCarolina Reward Checking promotion, which began on March 3, offers a high-yielding account. Here are some of the features you can expect if you open a qualifying account:

• For balances up to $25,000, customers will receive 4.25% APY
• On the portion of the balances above $25,000, customers will receive 1.01% APY
• Customers will receive a 0.05% base rate if they do not meet certain requirements
• Customers are also eligible for refunds of ATM fee charges

Here are some of the requirements you must fulfill in order to be eligible for the rewards and benefits:

• At least 10 check card purchases each month
• Either one direct deposit or one automatic withdrawal each month
• Sign up for e-statements

Some other information about the account includes:
• A $500 minimum balance when opening the account
• No monthly fees
• No minimum balance requirements each month

To sign up for the reward checking account through MidCarolina Bank, you must be a local resident because you have to go into an area branch to complete the application process. If you do live hear a MidCarolina Bank, however, you can begin your application for the account online at www.midcarolinabankrewards.com. Local branches are located in the town of Burlington, Greensboro, Mebane and Graham, all in North Carolina.

You probably won’t find too many deals like this one around. It’s difficult to find a bank offering any checking account with a 4% yield. MidCarolina Bank is offering 4.25%. Checking account offers like this don’t come around every day. Take advantage of this one while you can!