[Please note: This page is part of the Chicago CD Rates archive. Most of these deals on this page are not current and no longer available. Please check the date of the post before getting too excited and driving to a bank an hour away. If you have any doubts whether the deal is available, contact the bank or credit union. For a list of more current rates, visit our homepage.]
[Please note: West Bend Savings Bank has alerted me that will only open this account for residents of the state of Wisconsin -- specifically, only for people whose primary residence is located (with a location address, not a PO box) within Wisconsin.]
For our neighbors to the north: West Bend Savings Bank in West Bend, Wisconsin is offering an amazing 6.01% APY checking account. As I’m sure you’ve already guessed, there are a few catches: To get the rate, you have to do complete 10 or more signature-based debit-card purchases per month, have direct deposit on the account, and receive your checking statements electronically rather than on paper. And the rate is only available on balances less than $50,000. Still, for people in Wisconsin looking to earn a fantastic checking rate, those requirements may very well be worth it.
West Bend Savings Bank has 20 locations in four counties north of Milwaukee: Dodge County, Ozaukee County, Sheboygan County, and Washington County.
(Thanks to eMoneyCentral.)