Dedicated to Deposits: Deals, Data, and Discussion

5.00% Reward Checking Account at a Georgia Bank (Integrity).

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Update 8/29/08: The bank has been closed by regulators. See post for more details.

Update 7/25/08: The top yield has gone up to 5.00% APY. See bottom of post for the rate history.

Integrity Bank has a rewards checking account that pays 5.00% APY on balances up to $25,000 (2.09% for above) and refunds ATM fees worldwide if the following monthly requirements are met:
  • 12 Debit MasterCard (POS) card transactions
  • one direct deposit or ACH debit
  • receive electronic statements
If these are not met, the rate falls to 0.25%. There are no minimum balance requirements and no monthly maintenance fees.

The bank also has another type of rewards checking account for seniors (see PDF promo page). This might appeal to seniors who don't want all the hassles. It has a lower yield of 3.00% APY, but it does not require debit card purchases or electronic statements. Another advantage is that this 3% applies to all balances. It only requires customers to be 55 or older and sign up for one direct deposit. Like the other reward checking, there are no monthly fees and no minimum balance requirements. Without direct deposit, no interest is paid.

Their website states that they do not accept out of state funds. The bank has branches in the Georgia cities of Alpharetta, Roswell, Smyrna, Duluth, and Cumming. All of these cities are just north of Atlanta. The bank has been FDIC insured since 2000 (Certificate # 35469).

Other 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.

Rate History:
7/25/08: Top yield is now 5.00% APY.
6/19/08: Top yield was 4.09% APY at time of first post.

Related Pages: Georgia, checking account

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