[LA only] Progressive Bank Rewards Interest Checking 4.05% APY On Balances Up To

Offer at a glance

• Interest Rate: 4.05% APY
• Minimum Balance: None
• Maximum Balance: $25,000
• Availability: LA
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Mentions card funding, unsure what the maximum is
• Monthly fees: None
• Insured: FDIC

The Offer

Direct link to offer

• Progressive Bank has the rewards interest checking account. This account earns 4.05% APY on balances up to $25,000 when the following requirements are met:
  • At least 12 Debit Card Purchase transactions each month (statement cycle)
  • At least 1 automatic debit or 1 direct deposit each month (statement cycle)
  • Enrolled in AND Log in to Online Banking (each statement cycle)

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees as long as you’ve opted for eStatements

Our Verdict

Another high yield savings account. Unfortunately it requires a direct deposit, although still might be a good option for some people in Louisanna. We still need to know if it’s a hard/soft pull to open and if there is any credit card funding.

Hat tip to reader Jeff R