GoldWater Bank Review: One location with One great product!
GoldWater Bank Review: One location with One great product!
January 13th, 2010 Posted in Bank Reviews
GoldWater Bank out of Scottsdale, Arizona is somewhat of an anomaly within the banking industry. Although they only have one branch, it looks as if it could pass as a castle. You can’t help but feel like your inside a 5-star hotel when walking through the lobby or sitting with a representative.
The bank is managed by a team of 5 executives, 13 employees and 7 directors on the board. And although this bank is seemingly small in physical size and number of employees they still offer their products to customers around the world. Therefor, you aren’t required to reside in the Scottsdale community in order to apply for a product.
Their most noteworthy product is a Rewards Checking Account boasting an APY of 5.02% on balances up to $20,000. With this account you must:
- Receive online e-statements
– Have three (3) bill pay transactions per month
– Have one (1) direct deposit per month
– Have ten (10) debit card transactions per month
In order to earn the advertised rate. You must also maintain a balance of atleast $1,000 to avoid a $15 service fee. If your account exceeds the $20k threashold the remaining balance will still garner a 1.0% APY (which still beats most money market accounts).
Similar Posts:
- KANZA Bank’s Rewards Checking Account: 4.00% APY
- Republic Bank Reward Checking Account
- With Goldwater Bank an 18-Month CD will Generate a 1.75% APY
- Provident Credit Union at 2.26% APY
- Top “high interest checking accounts” still paying 6.01% APY
Tags: Bank Review, Goldwater Bank Review, Great Product, Product