Incredible Bank has a new high yield checking account that is currently paying one of the highest yields to be found on the web. Sure the interest rate is one that beats most available but just who is Incredible Bank?
Incredible Bank is the online division of River Valley Bank, a family owned financial services company that has several branches in the states of Wisconsin and Michigan. They are FDIC-insured have been around for more than 40 years.
Their splash rate of 2.02% APY is one that would be hard to replicate anywhere else. Since this is a new offer, we highly suspect that the rate won’t last too long.
However, Incredible Bank offers this checking account with free e-statements, no ATM fees, mobile banking and free online bill pay.
Incredible Bank is taking a similar approach to Ally Bank with what seems to be straight – forward banking.
This checking account is built for online – only access. One example of this is a hefty $20 fee check fee. So be aware if you choose to write a check with this account. It’s best to use their online bill pay. You can find their schedule of fees here.