MB Financial Bank has been running a checking account promotion for their high yield checking account. The MB Financial Bank high yield checking account currently earns an interest rate of 4.00% APY on balances up to $10,000.00. The 4.00 % interest rate is a variable rate but is guaranteed through the end of 2011.

The checking account interest is paid on two tiers with the 4.00% APY paid on checking account balances of $0.01 to $10,000.00, and an interest of 0.25% APY is paid on checking account balances of $10,000.01 and up. The interest earned is compounded and paid monthly based on the account balance.

This checking account promotion from MB Financial Bank is available only to new MB checking account customers who live within Illinois, Indiana or Pennsylvania area served by the bank.

To obtain the promotional rate on the checking account, certain requirements have to be met every monthly statement cycle including: 1) 12 signature-based debit card transactions must post totaling at least $100; 2) enrollment in the bank’s monthly e-statement; 3) establish monthly direct payroll deposit of at least $250.00 or one monthly automatic ACH payment. If all the listed bank checking account requirements are not met, the entire account balance will earn a rate of 0.05%.

There is a $10.00 monthly service fee with the checking account that is waived if the account holder maintains a minimum monthly statement cycle balance of $500.00.

The MB Financial Bank debit card is available to qualified account holders. This bank checking account promotion is for personal accounts only. Other fees and restrictions may apply to the bank account; fees may reduce earnings.

Interested consumers can apply online or at one of the MB Financial Bank local banking centers to open your account.

MB Financial Bank operates over 90 bank branches in Illinois, Indiana and Pennsylvania. MB Financial Bank offer a wide array of commercial and personal banking products and services as well as trust, private banking and investments through our wealth management division.

The MB Financial Bank checking account promotion is current as of this publication date, however the accuracy of the information is not guaranteed and the rates and terms are subject to change. MB Financial Bank may terminate or change this offer at any time. Please verify the current term and conditions before applying for a new account.

To find a MB Financial Bank locations please see MB Financial Bank Locations. To see other bank promotions and bank deals please see Bank Deals. For information on online checking accounts refer to Online Checking Accounts.

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