Dedicated to Deposits: Deals, Data, and Discussion

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


Touchmark National Bank

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)

  Tags: Georgia, Touchmark National Bank, checking account, reward checking account

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Comment #1 by cjdtech (anonymous) posted on
FWIW, this has increased to 4.18%.

Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Thanks. Nice to see a rate increase for a change.

Comment #3 by Anonymous posted on
Please revise req #1: 10 signature-based debit card purchases.

Comment #4 by Matthew (anonymous) posted on
Confirmed the account is only available to GA residents:

"Dear Matthew,

We received your application for the Rewards Checking account. Unfortunately, we are unable to open accounts for customers that are out of state. Thank you for interest, and we are sorry for the inconvenience.

Thank you,

Missy Koehlke"

Comment #5 by Anonymous posted on
The rate is still 4.18% which is amazing but the balance cap for the rate is dropping from $50K to $25K in October,2009. I just got a letter stating this from the bank.

Comment #6 by Anonymous posted on
I have a reward checking account here. Beginning 3/1/2010, the rate is dropping to 3%

Comment #7 by Anonymous posted on
Just checked the bank's website and looks like the rate has dropped to 3.01%