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Available nationwide, Barrington Bank & Trust Company Statement Savings is offering a 2.25% APY Rate. Continue reading below to learn everything you need to know about Barrington Bank & Trust Company.
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About Barrington Bank & Trust Statement Savings
Barrington Bank & Trust Company is headquartered in Barrington, Illinois. Being established in 1996, it is a smaller bank with 7 locations. Even though this is a physical bank with branch locations, this savings rate is available to everyone nationwide through their online application.
I’ll review Barrington Bank & Trust Company Statement Savings below.
Barrington Bank & Trust Statement Savings Rate
- Account Type: Statement Savings
- Interest Rate: 2.25% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide (Online)
- Credit Inquiry: Unknown
- Opening Deposit: $1,000
- Credit Card Funding: Unknown. Let us know.
- Monthly Fee: $5, waived with $200 minimum daily balance
- Early Termination Fee: Not specified
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend.
|Aspiration||1.00% APY + $150 Cash||Review|
|Axos Bank High Yield Savings||Up to 0.61% APY||Review|
|Quontic Bank High Yield Savings||0.55% APY||Review|
|CIT Bank Money Market||0.45% APY||Review|
|American Express High Yield Savings||0.40% APY||Review|
|Discover Bank Online Savings||0.40% APY||Review|
Barrington Bank & Trust ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
Editor’s Note: Help us with the table above in the comment section if you have experience with ACH capabilities.
How to Earn Barrington Bank & Trust Bank Rate
- Apply and sign up online. You must provide all of your personal credentials.
- Open a Statement Savings Account with $1,000 minimum
- Earn the 2.25% rate and gain access with all of their features.
|Balance Requirement||APY Rate|
|Any Balance||2.25% APY|
Why You Should Sign Up For This Account
- No minimum balance
- Monthly fee easily waived with $200 daily balance
- Easy online account management
- FDIC-insured for your peace of mind
If you are interested, check out Barrington Bank & Trust and open a Statement Savings account with this rate. It’s nice not having any account minimum to earn the high APY. Just remember, to avoid the $5 monthly fee, you must have an average daily balance of $200. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
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