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That is the first time I have heard of having to maintain a min balance to get your interest!!!!!!!!!!!

I belive First Internet Bank of Indiana does this, too. Just another way to intice people to keep their funds with them.


First IB uses your monthly average balance to determine the min. For their checking account you have to have an average balance greater than 500 dollars for the month or you get charged a maintenance fee and do not get interest for that month.

For the money market if the average balance is less than 4000 you get hit with a maintenance fee but you always get interest.

With this method you can dip below the mins but have to make sure the daily average over 30 days is greater.

Joe
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