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High-Yield Reward Checking Account at a Florida Bank (Atlantic Coast)


Atlantic Coast Bank

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

  Tags: Georgia, checking account, reward checking account, Florida, Atlantic Coast Bank

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Comment #2 by Anonymous posted on
Top yield has fallen to 4.00%.

Comment #3 by koz22 (anonymous) posted on
Coulee Bank is offering a FREE Rewards Checking account with 5.01% APY. It is available nationwide. Check it out at

Comment #5 by koz22 (anonymous) posted on

*not .com


Comment #6 by Anonymous posted on
Please update the link to High Tide Reward Checking.

Comment #7 by Banking Guy (anonymous) posted on
Banking Guy
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.

Comment #8 by Sean (anonymous) posted on
Yield has fallen to 3.50%