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Some checking accounts earn interest, include credit monitoring services, and identify theft protection.
Central Bank has 140 locations across the Midwest, and the primary focus is creating community-centered banking.
Free checking requires no minimum deposit or monthly fees.
Preferred Interest Checking and World Checking earn interest.
MaxMoney Checking and World Checking offer credit monitoring services.
Individuals will have to read account terms to avoid fees.
Although the minimum deposits are low, APYs and interest rate information are not readily available online.
The Central Bank Money Market Accounts
The Central BanksMoney Market accountrequires a $50 minimum opening deposit.
There is also a monthly fee of $10 if you dont meet specific requirements.
All funds are FDIC insured and interest is credited monthly.
Also, customers may find the minimum balance of $1,000 too high to maintain.
Banking Experience
The Central Bank offers various services, in-person branches and a robust digital platform.
The banks mission is to blend in-person services and accommodate a customer who prefers to bank online.
The Central Bank app is rated 4.8 out of 5 stars onGoogle Play.
The Central Bank app was ranked 4.9 out of 5 stars in theApple store.
How Does The Central Bank Compare?
Ally Bank
Ally Bankis an exclusively online bank offering high-yield savings and no-fee-checking accounts.
However, that isnt possible if you want to sit down with a customer service representative at Ally.
You must call customer service to determine if your banking needs can be addressed.
You must get in touch with the branch or customer service to determine rate information.
CIT Bank rates are easily found on the website, and various CD terms are available.
Final Take
The Central Bank offers traditional banking services with online accessibility and traditional branches.
All other information on accounts is accurate as of Dec. 20, 2024.
All factors were then scored and combined, with the lowest score being the best.
All products and offerings had to be available as of Nov. 8, 2024, to be considered.
Rates are subject to change; unless otherwise noted, rates are updated periodically.
All other information on accounts is accurate as of Dec. 20, 2024.
