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High-Yield Reward Checking Account at a MD/PA Bank (NBRS Financial)


NBRS Financial Bank

Update 12/7/2010: The bank has stopped offering the reward checking accounts. It has been reported that the rates on existing accounts have been slashed: 0.80% on all balances for Kasasa Cash and 0.65% on all balances of Kasasa Saver. Also, debit card requirements have been removed.

NBRS Financial Bank has a reward checking account that pays 4.01% APY for 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, 3) receive electronic statements, and 4) access online banking. If these are not met, the rate falls to 0.10%. The minimum deposit to open is $100. There are no minimum balance requirements or monthly service charges. First order of checks is free for new accounts.

The account can be opened online. However, you must live in the bank's market area to be eligible to open an account.


Branches are located in the Maryland cities of Aberdeen, Bel Air, Elkton, Havre De Grace, Perryville, Rising Sun and in the Pennsylvania city of Peach Bottom. The bank has been FDIC insured since 1934 (Certificate # 4862).

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

Rate History:

  • 03/24/10: 4.01% APY up to $25K
  • 06/25/09: 4.26% APY up to $25K; 1.01% over; 0.10% base
  • 04/10/08: 5.26% APY up to $25K; 1.01% over; 0.20% base

  Tags: NBRS Financial Bank, Pennsylvania, Maryland, checking account, reward checking account

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Comment #1 by Anonymous posted on
Rate dropped to 4.16% 6/25/09

Comment #2 by Anonymous posted on
Rate dropped to 4.26%, not 4.16%.

Comment #3 by Anonymous posted on
Rate is now 3.93%

APY is 4.01%

Comment #4 by Anonymous posted on
Subject: Sent: Message:
NBRS reward checking rate just dropped to .80%

Kasasa Rate Adjustment
NBRS Financial Bank email:

2011 will mark the third consecutive year where interest rates are not projected to see much, if any, change. In reevaluating the product we considered simply discontinuing it.  However, we are hopeful that overall economic conditions will improve and we will return to offering an interest rate substantially above market for Kasasa Checking in the future.

In the meantime we will lower the annual percentage yield (APY) to 0.80% for all Kasasa Checking balances effective December 1, 2010.  The APY for all Kasasa Savings balances effective December 1, 2010 will be 0.65% APY. 

We believe these rates still represent above market rates for interest-bearing checking and savings accounts.

As an additional incentive, we will pay this interest rate to all Kasasa customers, on the entire balance by removing the interest rate cap of $25,000 and continue to refund ATM fees nationwide. Kasasa customers will remain enrolled in online banking and continue to receive e-statements. However, we will no longer require you to satisfy the other monthly qualifications in order to earn this new rate.