Update 9/07/09: The top yield has fallen to 4.01% APY. See bottom of post for the rate history.
Southeast National Bank has a reward checking account that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees if the following monthly requirements are met: 1) 10 debit card transactions, 2) one direct deposit or ACH auto debit, and 3) receive electronic statements. If these are not met, the rate falls to 0.25%. The minimum opening deposit is $100. There are no minimum balance requirements or monthly service fees.
It appears to require a branch visit. Branches are located in Moline, Illinois and in Davenport and Bettendorf, Iowa. The bank has been FDIC insured since 1999 (Certificate # 35109).
Other High Yield Reward Checking Accounts
For other reward checking accounts and for more information on these accounts, please refer to the following posts:
- reward checking overview
- reward checking accounts available nationwide
- reward checking accounts around the nation
09/01/09: 4.01% APY
03/21/09: 5.01% APY
10/13/08: 5.21% APY
03/20/08: 6.01% APY