Get 4.01% APY interest on this rewards checking account on balances up to $25,000.

Plus ATM fee refunds, Rewards2U points for travel and merchandise, and no minimum balance.

Danversbank’s rewards checking account 4.01% Annual Percentage Yield (APY) is paid on daily balances up to $25,000, and 0.25% APY paid on all amounts above $25,000 each statement cycle the minimum requirements are met. This is a variable rate account and the interest rate and APY may change at any time after the account is opened. The minimum balance to open this account is $100. Available on personal accounts only. If you do not meet the requirements per statement cycle, you will earn an APY of 0.25%, your account will still function as a Free Checking account, however, it will not receive ATM refunds for that time period. ATM refunds apply to non-Danversbank ATM Fees .

Key Features of the Danversbank Reward Checking Account:

Pays a rate higher than a CD (4.01%APY) without tying your funds up for a fixed period of time
No daily minimum checking accountbalance requirements to satisfy
No monthly maintenance charges
Enjoy refunded ATM fees nationwide
Money is available 24/7 through a Danversbank Debit MasterCard
Points2U rewards for travel and merchandise

You earn one point for every two dollars spent on eligible purchases with your Danversbank Debit MasterCard. Eligible purchases are defined as signature-based, not requiring the use of a PIN. Points2U keeps track of all the points you’ve earned and will mail you a statement every quarter showing your earnings and redemptions. Points2U points can be redeemed for travel, merchandise, gift cards etc and are valid up to 3 years.

Danversbank Monthly Rewards Checking Account Requirements:

perform at least 12 debit card transactions (excluding ATMs);
receive monthly rewards checking account statement electronically;
access Online Banking, and
sign up for direct deposit or receive a recurring ACH.

About Danversbank

Danversbank is FDIC insured, and was founded in 1850 with a mission of providing banking services including savings accounts and home mortgage loans to residents in the Town of Danvers. The bank has received several recognitions, including:

Recognized as one of the “Best Places to Work in Massachusetts” by the Boston Business Journal in 2005 and 2006
Ranked 15th among United States community banks for size of Commercial and Industrial (C&I) loan portfolio in 2004
Ranked 10th in the nation for overall growth rate of loan portfolio in 2004
Deemed “Outstanding” by the FDIC in regard to community reinvestment activities
Named Runner-up in the Better Business Bureau’s “Torch Award for Excellence” in 2006
Preferred SBA Lender in Massachusetts and New Hampshire