Grand Bank of Texas is offering a reward checking account that pays 2.88% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees up to $25 per cycle if the following monthly requirements are met:
- 12 debit card purchases
- one direct deposit or ACH debit
- access online banking
- receive electronic statements
There's an online application, but at the top of the opening page, it states that "one of our representatives will contact you within one business day to set up a convenient time for you to come in to a branch location to complete the application process." So it appears to require a branch visit.
Branches are located in Dallas and Grand Prairie, TX. The bank has been FDIC insured since 1975 (FDIC Certificate # 22040).
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.
09/08/11: 2.88% APY up to $25K
10/25/09: 4.52% APY up to $25K
08/24/08: 5.02% APY up to $25K; 1.01% over; 0.27% base