3.01% Reward Checking Account at a Georgia Bank (Touchmark National)

Update 3/28/10: The top rate has fallen to 3.01% APY. Please refer to the bottom of the post for the rate history.

Touchmark National Bank is offering a rewards checking account that pays 3.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees of up to $25 per cycle if the following monthly requirements are met:

• 10 signature-based debit card purchases
• one direct deposit or automatic payment
• log into your online banking account
• receive electronic statements

If these are not met, the rate falls to 0.25%. The minimum initial deposit is $100. There are no monthly service charges or minimum balance requirements.

There's an online application for this account at this CheckingFinder page. This page only shows up at CheckingFinder when you enter a Georgia zip code, so it appears to be limited to Georgia residents.

Branches are located in Norcross, Duluth and Doraville, Georgia. It's a new bank that was established in January 2008. It's a member FDIC (FDIC Certificate # 58687).

Thanks to the reader cjdtech who mentioned this bank in the finding the best deals post.

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:
03/28/10: 3.01% APY up to $25K
10/01/09: 4.18% APY up to $25K
11/23/08: 4.18% APY
08/13/08: 4.01% APY up to $50K (initial post)