1.51% APY best savings account interest rates with Sutton Bank
Sutton Bank is still pushing for their high yield savings account that earns 1.51% APY for the entire balance. Account holders can enjoy the best interest rates given that they meet the requirements of this money in the bank deal which requires a link to a rewards checking account. The interest rate for this high interest savings account will drop to 0.25% if the monthly requirements are not sufficed.
This rewards savings account requires account holders to have or open a reward checking account. You can only link one savings account to a rewards checking account. The bank requires that the primary holder of the savings account is also the signatory of the rewards checking account.
Interested individuals can open this high yield savings account by accomplishing an online form. It only takes a $50-deposit to open an account. According to the promo page, the bank does not collect any fees for this account.
Account holders will get a monthly electronic statement that combines the information with the rewards checking account. In case the reward checking account is closed, the reward savings account will be converted to be a regular savings account.
The interest rate for this savings account has a July 1, 2010 date. Take note that the current interest rates can be changed any time. There may also be fees which can affect the earnings of these accounts.
If you have any questions with regard to this savings account, you can call Sutton Bank through 800-422-3641.
It seems that this offer is only good for those living in Kentucky, Michigan, Indiana, and Ohio. Sutton Bank has braches spread across some cities of the state of Ohio.
Sutton Bank is a member of the FDIC.
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