Dedicated to Deposits: Deals, Data, and Discussion

2.84% Reward Checking Account at a Colorado Bank (Integrity Bank & Trust)


Integrity Bank & Trust
Update 11/22/09: The yield has fallen to 2.84% APY. Refer to the bottom of the post for the rate history.

Integrity Bank & Trust is offering a reward checking account that pays 2.84% APY on balances up to $50,000 (0.75% for above) and refunds ATM fees (up to $25 per month) if the following monthly requirements are met: 1) 10 debit card purchases, 2) one direct deposit or ACH auto debit, and 3) receive electronic statements. If these are not met, the rate falls to 0.20%. There are no monthly fees or minimum balance requirements.

The bank only lists a few details of this rewards checking account on its home page, so I called yesterday for the details. According to the CSR, a branch visit is required to open the account. Branches are located in Colorado Springs and Monument. The bank was established in 2003 and is a member FDIC (Certificate # 57587).

Thanks to the reader who mentioned this reward checking in the finding-the-best-deals post.

Other High Yield Reward Checking Accounts

For other reward checking accounts and for more information on these accounts, please refer to the following posts:

Rate History:
11/12/09: 2.84% APY up to $50K
05/07/09: 3.04% APY up to $50K; 0.75% over
01/02/09: 3.35% APY
12/20/08: 4.07% APY
03/12/08: 5.01% APY up to $50K; 1.01% over; 0.20% base

  Tags: Integrity Bank & Trust, Colorado, checking account, reward checking account

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Comment #1 by Anonymous posted on
Top rate has fallen to 3.35% APY up to $50K. Other rates remain same. (Rate table for other deposit accounts dated 12/15.)

Comment #2 by Anonymous posted on
Please clarify requirement #1: "10 check card transactions."

Comment #3 by Banking Guy (anonymous) posted on
Banking Guy
I prefer to use the term "purchase" instead of "transaction" so readers know that ATM usage doesn't count. I'm not aware of other transactions that will count besides a purchase of something with the debit/check card.