New Mexico Bank & Trust is offering a reward checking account that pays 4.01% APY on balances up to $20,000 (1.01% for above) and refunds ATM fees (up to $20 per cycle) if the following monthly requirements are met:
- 15 signature-based debit card purchases
- one direct deposit
- receive eStatements
It appears a branch visit is required to open an account. Branches are located in the New Mexico cities of Albuquerque, Clovis, Los Lunas, Melrose, Portales, Rio Rancho and Santa Fe. The bank has been FDIC insured since 1998 (FDIC Certificate # 34726).
Other High Yield Reward Checking Accounts
To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.
03/31/09: 4.01% APY up to $20K; 1.01% over
12/06/08: 5.01% APY, 15/mo debit card purchases required.
05/21/08: 6.01% APY up to $20K; 1.51% over; 12/mo debit card purchases required
Edit 3/07/09: Automatic payment is no longer listed as an alternative to direct deposit.