BALA CYNWYD, Pa. - (Business Wire) Depositors in search of a free, personal, high interest-bearing checking account now have a new destination in the Delaware Valley
— Allegiance Bank of North America (OTCBB:ABPA). STAR Reward Checking is a new account paying 5.00% APY on balances up to $50,000 (the balance above $50,000 earns a 2.10% APY Reward Rate). A $100 deposit is needed to open the account, but no minimum balance is required to maintain it. If certain conditions are met, the account holder will not only receive this rate, but also have nationwide ATM fees of up to $30 per cycle refunded. Another benefit is free Online Billpay.
“Our new STAR Reward Checking is one of the most attractive banking values around right now,” notes Gregg J. Wagner, President and CEO of Allegiance Bank. “We expect to see an influx of customers interested in consolidating accounts, so they can benefit from the Reward Rate and simplify their finances.”
To earn the Reward Rate each cycle, the customer must meet the following conditions: make 10 Debit Card transactions; set-up one Direct Deposit or ACH auto debit; and enroll and receive electronic statements. If these requirements per cycle are not met, STAR Reward will still function as a free checking account, but it will earn a base rate of 0.20% APY and will not receive ATM fee refunds for that period. Rates are subject to change without notice.
Allegiance Bank, headquartered in Bala Cynwyd, PA, has five branches in Philadelphia and its suburbs (Bala Cynwyd, Berwyn, Bridgeport/King of Prussia, Old City, and Worcester) and has assets of $151,000,000. It is a member of the FDIC and is an Equal Housing Lender.
For more information, contact: Allegiance Bank, One Belmont Avenue, Suite 105, Bala Cynwyd, PA 19004, (610) 949-9500, www.allegbank.com
Allegiance Bank of North America
Press Contact:
Newton Associates
Dan Ditzler, 610-964-9300
dand@newtonassociates.com
