The Community Bank has a rewards checking account that pays 4.01% APY on balances up to $25,000 (1.51% for above) and refunds ATM fees (without limits) if the following monthly requirements are met:
- 15 debit card purchases
- direct deposit or ACH payment or billpay
- receive electronic statements
There's an online form that you can submit to receive the new account application in the mail. However, the form is restricted to the states of Massachusetts and Rhode Island.
Branches are located in Southeastern Massachusetts and Cape Cod. The bank has been FDIC insured since 1985 (FDIC Certificate # 26396).
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.
9/15/09: 4.01% APY up to $25K; 1.51% APY over $25K
6/16/09: 4.51% APY up to $25K; 2.01% APY over $25K
3/15/09: 4.51% APY up to $25K; 2.15% APY over $25K
9/02/08: 5.01% APY
5/08/08: 6.01% APY up to $25K; 2.50% APY over $25K;