Albany Bank and Trust Company is now offering residents of Illinois a 1.00% APY for their Promotional Personal Statement Savings Account. To get started with this rate, all you would need to do is have a opening deposit greater than or equal to $1,000. Once you have done so, you will receive the rate as well as a wide range of account features to compliment your banking experience. Additionally, you can also bank with ease knowing the bank is FDIC insured. How great is that! Are you currently interested? Please do not hesitate! I recommend you apply as soon as you can as the rate is subjected to change.
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Albany Bank and Trust Company Account Summary:
- Apply Now
- Account Type: Promotional Personal Statement Savings Account
- Rate: 1.00% APY
- Availability: IL (Bank Locator)
- Expiration Date: None listed
- Soft/Hard Pull: Soft Pull or Hard Pull? Let us know
- Direct Deposit Requirement: None listed
- Additional Requirements: See Below
- Avoid Monthly Fee: $2.50, is average daily balance is less than $500
- Early Termination Fee: $10, if closed within the first 6 months of opening the account
Albany Bank and Trust Company Savings Account Requirements:
- Minimum opening deposit of $1,000 is required. Only new funds qualify for the APY rate.
- 1.00% rate applicable to account balances of $500 or higher.
Albany Bank and Trust Company Savings Fine Print:
- They use the Daily Balance Method to calculate the interest on your account.
- This method applies a daily periodic rate to the Ledger Balance in your account each day.
- If you close your account before interest is credited, you will NOT receive the accrued interest. At their discretion, they may change the interest rates at any time.
- Penalty may be assessed for early withdrawal.
- Annual Percentage Yield (APY) is accurate as of June 16, 2017. Fees could reduce the earnings on the account.
Conclusion:
It is often difficult to select which account fits your needs the best. With a sea of bank rates, finding one that’s perfect for you isn’t as easy as it seems. However, with Albany Bank and Trust Company, you can do just that! With a new account, you can earn a generous rate just for meeting its deposit requirement. Additionally, with access to a range of account features, banking has never been easier. However, if you’re not interested in this offer check out our Best Bank Rates for savings accounts and more!
