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3.51% Reward Checking Account at Bank of Idaho

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Bank of Idaho
Update 7/26/09: The top yield has fallen to 3.51% APY. See bottom of post for the rate history.

Bank of Idaho is offering a reward checking account that pays 3.51% APY on balances up to $25K (0.51% over) and refunds ATM fees (up to $25/cycle) if the following monthly requirements are met: 1) 10 Visa Debit Card transactions, 2) Direct Deposit or ACH auto debit, 3) receive electronic statements, and 4) one login to online banking. If these are not met, the rate falls to 0.25%. There are no monthly fees or minimum balance regardless of meeting these requirements.

Customers who have the Kasasa Cash reward checking account can qualify for the Kasasa Saver Account. The rate is 3.01% APY on all balances if checking requirements are met.

Update 5/10/09: There's now an online application which appears to be available to residents of ID, UT, WY and MT.

Branches are located in the Idaho cities of Ashton, Idaho Falls, Island Park, Pocatello and St. Anthony. The bank is FDIC insured (Certificate # 26403).

Other Reward Checking Accounts

To learn more about reward checking accounts, please refer to my High Yield Reward Checking Reviews post. For other reward checking accounts in other parts of the country, please see my reward checking account page and my best checking account post.

Rate History:
07/22/09: Top yield: 3.51% APY
05/07/09: Top yield: 4.01% APY (name changed to Kasasa Cash with availability in ID, UT, WY and MT)
12/23/08: Top yield: 3.01% APY, 0.51% APY for above
11/22/08: Top Yield: 4.01% APY
08/11/08: Top yield: 5.01% APY
04/22/08: Top yield: 4.01% APY
11/07/07: Top yield: 6.01% APY, 1.01% APY for above
  Tags: Bank of Idaho, Wyoming, Montana, Utah, Idaho, checking account, reward checking account

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Comments
2 comments.
Comment #1 by glxpass (anonymous) posted on
glxpass
Looks like they responded to your message. The reward checking account page has a bolded line: "This account is currently offered to Idaho residents only."

1
Comment #2 by Anonymous posted on
Anonymous
Effective 12/23/08, new lower rates are: 3.01% APY up to $25K; 0.51% APY over $25K; 0.25% if requirements not met.

1