Danversbank Free Rewards Checking
May 4, 2010 by · Leave a Comment
With a minimum $100 opening balance and a maximum of $25k, Danvers has this attractive rate for those around the Boston area.
As long as you meet the criteria above and perform at least 12 debit card transactions (excluding ATMs), receive a monthly statement electronicaly, access online banking at least once, and receive a recurring ACH or direct deposit, the bank will give you this above average APY paid on daily balances. The DBK checking and Statement or passbook savings accounts Danvers offers, return a very small APY in comparison to their Free Rewards checking account. Danversbank has a long history going back to the 1800s, and continues to carry a good reputation. Please read on for other current offers in May 2010.
DBK Online Savings = 1.35% APY
4 month online CD = 1.25% APY
Money Market = 1.25% APY
IRAs = 1.25% and 1.00% APY
CD rates are listed with APY and minimum balance open $500:
91 day = 0.50%
6 month = 0.75%
1 year = 1.00%
1 1/2 year = 1.50%
2 1/2 year = 2.00%
3 year = 2.50%
5 yea = 2.75%
Limited Time Offer 9 & 12 month CD APY:
Money Market Accounts APY:
Index with $500k or higher balance = 1.25%
250k-$499.999.99 = 1.25%
$100k-$249,999.99 = 1.25%
$50k-$99,999.99 = 1.00%
$5k-$49,999.99 = 0.75%
$0.01$4,999.99 = 0.50%
Danversbank currently has the highest rating that can be given by Bauerfinancial which is a 5 star “superior” rating based on 12/31/09 financial data. They are headquartered in Danvers, MA. This makes it a pretty safe bet besides being protected by the FDIC regulations.
If you want to contact the bank you will find them online at
danversbank.com. Otherwise you can call 800-771-8200 for more information or go to their web page and enter the zip code of 01923 to get a list of locations in the greater Boston area.
This post is not regularly maintained so we cannot guarantee accuracy at the time of your reading. Please contact the financial institution directly for more information.