Digital Banking

FAB&T intros Prime Checking account with balance cap of $100K

Photo: Adobe Stock

February 26, 2024

First Arkansas Bank & Trust introduced its Prime Checking Account, which has a balance cap of $100,000 to allow customers to earn more interests without getting a certificate of deposit, according to a press release.

The account offers a 4.75% annual percentage yield, along with access to free ATMs. In order to meet the requirements, customers need to make at least 12 debit card purchases that clear, have one direct deposit, ACH automatic payment or online bill pay post and receive e-statements.

"At FAB&T, we understand that our customers are looking for more than just a traditional checking account. Prime Checking is designed to be a game-changer, offering a high-interest rate with an expanded balance limit. We believe this account will empower our customers to make the most of their money," Mark Wilson, president and COO at FAB&T, said in the release.