[DEAD] Randolph Savings Bank Apex Checking 2.25% APY On Balances Up To $25,000 [MA only]

Update 4/6/20: Rate reduced to 2.25%

Update 2/3/20: Rate reduced to 2.5%

Offer at a glance

• Interest Rate: 2.75% APY
• Minimum Balance: $10
• Maximum Balance: $25,000 for higher interest rate
• Availability: Must go in branch to get debit card, all branches are in MA [Branch locator]
• Direct deposit required: Yes, $2,500+
• Additional requirements: 10 POS transactions & eStatements
• Hard/soft pull: Unknown 
• Credit card funding: Unknown 
• Monthly fees: $10, waivable
• Insured: FDIC

The Offer

Direct link to offer

• Randolph Savings Bank offers an Apex checking account, this account earns an APY of 2.75% on balances $10-$25,000 when you meet the following requirements every month:
  • Receive direct deposits totaling $2,500 or more
  • Complete 10 point of sale debit card transactions
  • Enroll in eStatements
• Balances over $25,000 will earn an APY of 0.01%

Avoiding Fees

This account has a monthly service charge of $10, this is waived if you have a minimum balance of at least $2,500.

Our Verdict

Not a bad offer considering the maximum amount is $25,000 but there are accounts that offer high rates. If you have any experience with this account, please share it in the comments below.

Hat tip to Yuriy G