Earn up to 5.00% APY on balances up to $5,000 on Premier Bank
Jul 5, 2018
Premier Bank offers 5.00% APY on balances up yo $5000 with Life Checking Account.
All consumer checking accounts have a minimum opening deposit of $25. LIFE CHECKING: Daily balances up to $5,000.00 earn an interest rate of 4.90% with an Annual Percentage Yield (APY) of 5.00%. The initial rate on your account for this tier will not drop below the floor rate of 5.00% APY through at least 12/31/18. Balances $5,000.01 or greater earn an interest rate and APY of 0.25%. Must make 20 debit card purchases per statement cycle; signature or PIN based transactions qualify. Debits are determined on the date it is posted to your account and not the date of the transaction/purchase. Debit purchases at or near the end of the month may post in the next month’s statement cycle. ATM transactions do not count as debit transactions to qualify for the preferred rate. If requirements are not met the account earns a base interest rate and APY of 0.01% on all balances. No minimum balance required. This is a variable rate account. For consumer deposits only.