3.00% Reward Checking Account at a South Carolina Bank (Greer State Bank)

Update 2/09/09: The top yield has fallen to 3.00% APY. Refer to the bottom of the post for the rate history.

Greer State Bank is offering a reward checking account called eBonus Checking that pays 3.00% APY on balances up to $25,000 (1.55% for above) and refunds ATM fees nationwide without limit if the following monthly requirements are met: 1) 10 Visa Check Card transactions, 2) one automatic deposit or withdrawal by direct deposit or ACH, 3) remain active in the Online Banking system. The minimum opening deposit is $100.

Refer to the bank's rate sheet for the latest rates. Additional details of this account are listed in the bank's FAQ page.

It appears they require a branch visit to open accounts. Branches are located in the South Carolina cities of Greer and Taylors. The bank has been FDIC insured since 1989 (FDIC Certificate # 27413).

For other high yield reward checking accounts and to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:
02/09/09: 3.00% APY for up to $25K; 1.55% APY over
01/12/09: 4.00% APY for up to $25K; 2.07% APY over; 0.10% if req's not met
04/16/08: 5.00% APY for up to $25K; 3.00% APY over

Edit 7/18/09: Updated info on ATM fee refunds.

Tags: Greer State Bank, South Carolina, checking account, reward checking account