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High-Yield Reward Checking Account at an Indiana Bank (Lake City)


Lake City Bank

Update 9/15/12: The top yield has fallen to 1.51% APY. Refer to the bottom of the post for the rate history.

Lake City Bank is offering a rewards checking account that pays 1.51% APY on balances up to $50,000 (0.51% for over) and refunds ATM fees (up to $25 per cycle, US only) if the following requirements are met for each statement cycle: 1) 8 POS debit card purchases, 2) one direct deposit or ACH auto debit, and 3) receiving electronic statements. If these are not met, the rate falls to 0.01%. There are no maintenance fees. The minimum opening deposit is $50. Checks are not free.

You can apply at a branch or online, but new customers will need to visit a branch to verify identity. Branches are located in the several Indiana cities, some of which include Fort Wayne, Auburn, Goshen, Elkhart, Middlebury and Warsaw. The bank is FDIC insured (Certificate # 13102)

Thanks to the FW member eilros who mentioned this account in this FW thread.

Other High Yield Reward Checking Accounts

Please see my reward checking overview for general information and a history of these reward checking accounts. For other reward checking accounts please see my list of reward checking accounts around the nation and the best checking account post.

Rate History:

  • 09/15/12: 1.51% APY
  • 05/16/12: 2.01% APY
  • 08/15/11: 2.51% APY
  • 01/02/11: 3.04% APY
  • 02/24/10: 3.51% APY up to $50K; 0.51% over; 0.01% base
  • 12/28/08: 4.01% APY
  • 01/12/08: 6.01% APY up to $25K; 1.01% over; 0.10% base

  Tags: Indiana, Lake City Bank, checking account, reward checking account

Related Posts

Comment #1 by Anonymous posted on
The top rate listed as 4.01% APY.

Comment #2 by greenbush (anonymous) posted on
Update on Lake City Bank, posted 04/01/2010.  Their rewards checking is at 3.51% for balances up to $50,000, not $25,000.