Renasant Bank is offering a reward checking account that pays 3.51% APY on balances up to $25,000 and refunds ATM fees if the following monthly requirements are met:
- 10 debit card purchases
- one direct deposit or automatic bill payment
- receive electronic statements
- Log into Online Banking
A branch visit appears to be required to open an account. Branches are located in Tennessee, Mississippi and Alabama. Note, rates may vary by location. Please leave a comment if you come across a different rate. The bank has been FDIC insured since 1934 (FDIC Certificate # 12437). It's one of the larger banks that offer reward checking (bank has $3.7 billion in assets).
Other Rewards Checking Accounts
To find reward checking accounts in other areas of the nation (many with higher yields) or to learn more about these accounts, please refer to my High Yield Checking website.
06/18/09: 3.51% APY up to $25K; 1.06% to 3.51% for $25K to $100K
12/23/08: 4.01% APY up to $25K; 1.18% to 4.10% for $25K to $100K
06/20/08: 4.26% APY
Edit 1/27/09: Removed reference to ad. Rates are now listed on the bank's website.