Dedicated to Deposits: Deals, Data, and Discussion

4.44% Reward Checking Account at a Florida Bank (Ocala National)

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Update 1/30/09: The bank has been closed by regulators. Refer to this post for more details.

Ocala National Bank is offering a reward checking account that pays 4.44% APY on balances up to $50,000 (1% for above) and refunds ATM fees without limit if the following monthly requirements are met:
  • 10 check card purchases
  • 1 direct deposit or ACH debit
  • electronic statement delivery
If these are not met, the rate falls to 0.50%. The minimum initial deposit is $100. There are no minimum balance requirements and no monthly service charges.

It appears a branch visit may be required to open a new account. Branches are located in Ocala, Florida. The bank has been FDIC insured since 1986 (FDIC Certificate # 26538).

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.

  Tags: checking account, Florida

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