New 5.00% Checking Accounts

ebank.com is an online bank which has increased the yield on their personal checking account to 5.00%. It only takes $100 to open an ebank checking account, but to earn the 5.00% yield accountholders need to have an average daily of over $10,000 or the yield drops to 1.00%. ebank is a FDIC-insured bank based out of Atlanta, Georgia with over $100 million in assets listed on the FDIC database.

ePremium Checking Features

-Free internet banking and bill payment

-Free telephone banking

-Free Unlimited Worldwide ATM usage; currency conversion fee may apply on ATMs in foreign countries

-Earn interest on your account balance

-Unlimited check writing and free ebank custom checks

-Free 3 x 5 safe deposit box or discount on a larger size

-Free debit card and no annual fee credit card

-Free traveler’s checks and free official checks

-No monthly fee if $2,500 minimum daily balance or $5,000 average daily balance is maintained. If balance requirement is not met, the monthly service fee is $10

-Minimum opening deposit is $100.

source: ebank.com