MoneyRates Blog

6.00% Yields at FDIC-insured Banks

November 28, 2007
By MoneyRates team | Money-Rates Columnist

A new product offered by banks across the country is a Rewards Checking Account which pays yields as high as 6.01% on interest checking account balances if certain requirements are met. Typically the requirements are a combination of receiving statements electronically, using a check or debit card, and using ACH, auto-debit, or direct deposit on the accounts. Each bank has its own requirements and and maximum amount for which the top tier APY applies. Listed below are banks offering a Rewards Checking Account today:

Legacy Bank
Oklahoma
6.00% APY up to $50,000
REQUIRES: 12 check card transactions, $100 opening deposit, electronic statements, sign up for direct deposit

Bank of Idaho
Idaho
6.01% APY up to $25,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit or ACH auto debit, Idaho residents only

All America Bank
Oklahoma
5.25% APY up to $25,000
REQUIRES: 10+ check card transactions, electronic statements

Haverhill Bank
Massachusetts
6.01% APY up to $100,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit or ACH auto debit

The Bank N.A.
Oklahoma
5.01% APY up to $25,000
REQUIRES: 12 debit card transactions, electronic statements

First National Bank
Nebraska
5.25% APY up to $25,000
REQUIRES: 15 VISA check card transactions, electronic statements, ACH or direct deposit

EVB Bank
Wisconsin
6.01% APY up to $50,000
REQUIRES: 10 check card transactions, electronic statements, at least one direct deposit or ACH auto debit

Wilson Bank and Trust
Tennessee
5.75% APY up to $50,000
REQUIRES:10 check card transactions, electronic statements, at least one direct deposit or ACH auto debit

West Bend Savings Bank
Wisconsin
6.01% up to $50,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit

Bank of Little Rock
Arkansas
6.01% APY up to $25,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit

Community West Bank
California
5.50% APYup to $25,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit

Home State Bank
Colorado
6.01% APY up to $25,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit

State Bank of Toledo
Ohio
6.01% APY up to $25,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit

Coulee Bank
Wisconsin
6.01% APY up to $25,000
REQUIRES: 10 debit card transactions, electronic statements, at least one direct deposit

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