High-Yield Rewards Checking Account at a Missouri Bank (RCSBank)
Update 7/17/10: The top yield has fallen to 2.02% APY. Refer to the bottom of the post for the rate history.
RCSBank is offering a rewards checking account it calls e-Global Checking. It offers a yield of 2.02% APY on balances up to $25,000 (0.50% for above) and up to $25 in ATM fee refunds per month if the following monthly requirements are met: 8 check card transactions (signature based), one direct deposit or ACH auto debit, and receive electronic statements. If these conditions aren't met, the yield drops to 0.50% APY.
Branches are located in New London, Center and Hannibal, Missouri. It's a community bank, and it likely requires a branch visit to open an account. The bank has been FDIC insured since 1944 (Certificate # 16170).
For other high yield checking account options, please refer to my best checking account summary post.
- 07/17/10: 2.02% APY up to $25K; 0.50% over $25K (reported by reader)
- 11/06/09: 3.56% APY up to $25K
- 02/28/09: 4.07% APY up to $25K; 1.01% over $25K
- 03/31/08: 5.37% APY
- 04/27/07: 6.17% APY up to $25K; 1.26% over $25K
Edit 12/30/08: Added APY for above $25K. Added rate history.
Banks Mentioned in this Post:
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