Interest Checking

Looking to earn a good rate of return on your checking account balance? Our Interest Checking account is designed for larger balances and features competitive interest, as well as waived monthly service fees with a minimum balance requirement. Just keep a minimum balance of $1,000.00 and we’ll waive the monthly service fee of $7.50. This account also comes with a free Visa® debit card, free e-statements, free online banking and bill pay, plus free mobile banking.

Also, if you already have a free Rewards account but want another checking account, Flanagan State Bank’s Interest Checking account is your solution.

Current Rates

Rates effective as of 08/01/2023.
*APY = Annual Percentage Yield
**Interest rate is variable and may change after the account is opened.
See account disclosures for additional account information.

PLEASE NOTE:  APY assumes interest remains on deposit.  A withdrawal or fees could reduce earnings.  A penalty will be imposed for early withdrawal.  Rate changes are made at the Bank’s discretion.  Rates are subject to change without notice.

Interest Bearing Checking Accounts

TypeMinimum Deposit to OpenVariable Interest RateAPY*Interest FrequencyEarly Withdrawal Penalty
Interest Checking**$1,000.00 0.05%0.05%Monthlynone
Business Interest Checking**$2,500.000.03%0.03%Monthly none

Benefits of Interest Checking

  • Checking account that pays competitive interest*
  • Designed for higher balances
  • Maintain $1,000.00 minimum daily balance to avoid the $7.50 monthly service charge
  • Free online banking & bill pay, plus free mobile banking
  • Free e-statements
  • Free Visa® debit card
  • $1,000.00 minimum opening deposit

Open an interest-bearing checking account today!

Are you looking for a checking account that pays interest? At Flanagan State Bank, we are one family helping another. Not sure if Interest Checking is right for you? Our friendly and knowledgeable employees can help you find the right account to meet your needs. Visit one of our Central Illinois Locations or call in to your local branch to learn more. Set up a new account consultation or apply for your new account via the simple and secure portal below!

*Visa is a registered trademark of Visa International Service Association.

Apply For A New Account