High-Yield Reward Checking Account at a Florida Bank (Atlantic Coast)
Update 8/15/2010: The top rate has fallen from 3.01% to 2.01% APY. Refer to the bottom of the post for the rate history.
Atlantic Coast Bank is offering a reward checking account called iKasasa Cash that pays 2.01% APY on balances up to $15,000 (0.50% for above) and refunds ATM fees of up to $25 per cycle if the following monthly requirements are met:
- 10 debit card purchases
- one direct deposit or auto debit
- receive eStatements
If these are not met, the rate falls to 0.05%. The minimum initial deposit is $100. There are no minimum balance requirements and no monthly service charges.
Update 2/02/09: The bank now has an online application for this account. The first page of the application states that "We welcome all residents of the United States to apply."
Florida branches are located in Jacksonville, Orange Park, Lake City, Neptune Beach and Fernandina Beach. Georgia branches are located in Waycross, Douglass and Garden City.
The bank has a 3 star rating (adequate) at BauerFinancial based on 3/31/09 data. It has been FDIC insured since 2000 (FDIC Certificate # 45826).
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:
- 08/15/11: 2.01% APY up to $15K; 0.50% over
- 11/01/10: 3.01% APY up to $15K
- 08/01/10: 3.01% APY up to $25K; 0.75% over; 0.05% base
- 11/19/09: 3.25% APY
- 06/27/09: 3.50% APY
- 12/31/08: 4.00% APY
- 07/09/08: 5.08% APY up to $25K; 1.00% over; 0.25% base (initial post) 4 stars at BauerFinancial based on 3/31/08 data
Banks Mentioned in this Post:
- Weekly Rate Summary
- Bank Reviews
- Bank Health Ratings
- Savings Account Rates (filterable)
- CD Rates (filterable)
- IRA Rates (filterable)
- Checking Accounts (filterable)
- 40 Ways to Get the Most Out of Your Bank
- The Big List of Credit Unions Open to Anyone
- What Do You Need to Open a Bank Account?
- Difference Between Banks and Credit Unions
- Interest Rate vs. APY
- Difference Between Wire Transfer and ACH
- How ACH Transfers Work
- Do I Have to Pay Taxes on Bank Account Interest
- How to Build a CD Ladder
- Blog Archive
- Popular Blog Categories
3-year Term IRA CD
1.21% APY
TonnyLy (anonymous) - #1, Tuesday, July 15, 2008 - 11:41 AM
What’s up! Your blog is great but I hate banks. I had to deal with plenty of them and it did not work out. All the time there were troubles and I could not resolve them in my favor. From www.****edconsumer.com I learned about this IndyMac Bank. At first, it seemed to be a good one, but later on I was disappointed. I should have taken into consideration those complaints I read about IndyMac Bank on www.****edconsumer.com.
Anonymous - #2, Wednesday, December 31, 2008 - 11:55 AM
Top yield has fallen to 4.00%.
koz22 (anonymous) - #3, Thursday, January 15, 2009 - 2:27 PM
Coulee Bank is offering a FREE Rewards Checking account with 5.01% APY. It is available nationwide. Check it out at www.CouleeBank.com.
Banking Guy (anonymous) - #4, Thursday, January 15, 2009 - 2:34 PM
koz22, thanks for the tip on CouleeBank. It has long been listed in my nationwide list of reward checking accounts.
koz22 (anonymous) - #5, Friday, January 16, 2009 - 1:47 PM
www.CouleeBank.net
*not .com
-sorry
Anonymous - #6, Monday, February 2, 2009 - 5:22 PM
Please update the link to High Tide Reward Checking.
Banking Guy (anonymous) - #7, Monday, February 2, 2009 - 6:54 PM
Thanks. While I was updating the URLs, I noticed an online application which specifically states the account is available nationwide. Always nice to see one of these reward checking accounts made available nationwide. Too bad the rate is a tad low.
Sean (anonymous) - #8, Saturday, June 27, 2009 - 10:29 AM
Yield has fallen to 3.50%
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