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4% Interest Legacy Bank Checking Account – Montana Only

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Interest rates are terrible these days, giving you on average around 1% interest on your money. Now when you signup for a new Legacy Bank and Trust i-Profit Checking Account, you can earn 4% interest on up to $10,000. Unfortunately, this deal is only eligible to those in Montana.

What’s The Deal?

With the Legacy Bank & i-Profit Trust’s Checking Account, you can earn 4.0% APY on balances of up to $10,000 without any fees. That isn’t to say that it doesn’t come without any requirements:

  • $100 opening balance
  • Make at least one automatic payment or one direct deposit
  • Must enroll in online banking and e-statements
  • Make 10 or more debit card transactions per month

If you don’t meet these requirements, you’re only going to meet a lousy .05% APY. An easy way to qualify each month is to simply use their debit card on every purchase you make. You can see the complete deal in the image below:

What’s great about this deal is that you can deposit your first $500 with a credit card without any fees. If you have a great cash back credit card, you can earn some extra cash back with your deposit. We recommend avoiding using Citi Cards for this particular transaction as you may incur a cash advance fee.

Since they don’t have this offer available online, you’ll ave to go to one of their branches to open an account which are all located in Montana.

Refer A Friend

Make sure to tell your friends and family about this great deal. For every friend that you refer, you’ll receive a $25 Visa gift card that can be used anywhere.

Final Thoughts

Although this deal is only targeted to Montana residents, we had to cover it due to its insanely high interest. Be sure to keep posted for other high interest rate bank accounts that apply to your area.

Although the deal requires that you make 10 debit card transactions, we usually suggesting using a credit card with a high cash back rate on all purchases. Therefore, you can either purchase ten 50-cent Amazon gift cards or just use it on every day purchases.

We’d like to thank Doctor of Credit for informing us about this deal. Thanks for reading and happy frugaling!

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