Local Interest Rates » Arkansas Rates http://www.localinterestrates.org CD, savings, credit union, mortgage, checking rates by state. Tue, 25 Aug 2009 04:47:33 +0000 en hourly 1 http://wordpress.org/?v=3.0 First Arkansas Bank (AR) Rewards Checking http://www.localinterestrates.org/arkansas-rates/first-arkansas-bank-ar-rewards-checking/ http://www.localinterestrates.org/arkansas-rates/first-arkansas-bank-ar-rewards-checking/#comments Sat, 05 Jan 2008 01:48:56 +0000 Local Interest Rates http://www.localinterestrates.org/arkansas-rates/first-arkansas-bank-ar-rewards-checking/ First Arkansas Bank & Trust (FABaT) has started a reward checking account called FirstNet Checking that pays 6.06% APY on all balances and refunds ATM fees if the following monthly requirements are met:

  1.  10 point of sale debit card transactions
  2. One monthly direct deposit or ACH auto debit or make one online bill payment
  3. Receive e-statements
  4. Sign in to your online banking account.

If these are not met, the rate falls to 0.05%. The minimum opening balance is $100. There are no minimum balance requirements or monthly fees.

The bank has set up a special website with more details on this account. Some important points from their FAQ include:

  • No free checks
  • All account holders receive the reward yield during the first statement cycle
  • They will email you at the end of each statement cycle to notify you if you have qualified for the reward yield
  • All ATM refunds will be automatically credited at the end of the statement cycle if all requirements have been met
  • No limits on ATM refunds
  • ATM fees assessed anywhere in the world are refunded
  • DBAs (sole-proprietorship accounts), non-profit organizations, governmental units and funds held by a fiduciary may use this account
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