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3.51% Reward Checking Account at an Illinois Bank (First Robinson Savings)

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Update 9/07/09: The top rate has fallen to 3.51% APY.

First Robinson Savings Bank N.A. has a reward checking account called Kasasa Cash that pays 3.51% 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) pay one bill payment online, and 3) receive account statements electronically. If these are not met, the rate falls to 0.25%. There are no minimum balance requirements and no monthly fees.

The bank lists the following restriction for new accounts:
Accounts available to residents of our primary market area Crawford Co. IL and Knox Co. IN and their surrounding counties

Branches are located in Robinson, Oblong and Palestine, Illinois. The bank has been a FDIC member since 1954 (Certificate # 28105).

Other High Yield Reward Checking Accounts

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


Edit 12/31/08: Added new geographic restriction for opening accounts.

Rate History:
08/25/09: 3.51% APY up to $25K
05/22/09: 4.51% APY up to $25K
03/07/08: 6.01% APY up to $25K; 1.01% over; 0.25% base rate
  Tags: Illinois, checking account, reward checking account

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Comments
2 comments.
Comment #1 by Anonymous posted on
Anonymous
Accounts appear restricted to those within the primary market areas of Crawford Co. IL and Knox Co. IN.

1
Comment #2 by Anonymous posted on
Anonymous
As of 5/22/09 the top yield has dropped to 4.51% APY. Other rates remain same.

1