RateAPY

Louisiana residents can earn 4.00 percent with Smart Rewards Checking from Home Federal Bank

Posted by: RateAPY Bank Rates News
February 6th, 2012

Even as savings account and money market account interest rates hover near zero, you can still often find decent interest rates on an interest checking account from a credit union or community bank.

Home Federal Bank, headquartered in Shreveport, La., offers their Smart Rewards Checking Account to customers who open the account in person. As of February 6, 2012, funds in a Smart Rewards Checking Account earn 4.00 percent. You can open the account with $250 and must maintain a minimum balance of $250 to earn interest. The highest interest is paid on amounts up to $20,000, with tiered rates on funds above that. No monthly fees are charged.

To earn interest, you must do the following:

• Direct deposit of at least $500 per month
• 15 signature debit card transactions per month
• 1 automatic debit each month
• Sign up for eStatements

Compare interest checking account rates to see how this deal matches up against other accounts.