GBT Hometown Rewards Checking
Gibsland Bank & Trust is bringing a new kind of checking account to northern Louisiana. With this free interest bearing checking account you can earn 4.11% APY* and nationwide ATM fee refunds, no matter whose machine you use. There are no minimum balance requirements or service charges—just free checking with a great rate!
- Summary
- 4.11% APY* on balances up to $15,000
- 0.51% APY* on amount of balance over $15,000
- 0.15% APY* on months qualifications aren't met
- No minimum balance
- No monthly charge
- Nationwide ATM fee refunds
- Unlimited check writing
- No charge online banking with bill payer
- No charge debit card
- No charge E-Statements
- Direct deposit available
- $100 minimum to open
- FDIC insured
Qualifications:
Earning the reward rate and ATM fee refunds is easy, just do the following each monthly qualification cycle:
- Have at least 15 debit card purchases post and clear
- Have at least 1 direct deposit or recurring ACH payment post and clear
- Receive E-Statements
*Minimum to open account is $100. Annual Percentage Yield APY accurate as of 4/23/10.
Rate tiers are as follows 4.11% APY applies to balances of $0.01 - $15,000.00 and 0.51% APY applies to balances over $15,000 if qualifications are met during the monthly qualification cycle. 0.15% APY applies to all balances if monthly qualifications are not met. All balances will earn 4.11% APY – 0.51% APY if monthly qualifications are met. Rates may change after the account is opened. Fees may reduce earnings. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to an account from the date the transaction is made. Intra-bank transfers do not count as qualifying ACH transactions. ATM Fee reimbursements provided only if qualifications are met within the monthly qualification cycle. Other bank ATM fees will be calculated to the best of the bank's knowledge based on the incoming data received from the bank's EFT processor for fee refunds.
