Update 7/18/09: The top rate has fallen to 4.00% APY.
Adams Co-Operative Bank is offering a rewards checking account that pays 4.00% APY on balances up to $25,000 (0.75% for above) and refunds all ATM fees nationwide if the following monthly requirements are met:
- 10 debit card purchases
- one direct deposit or ACH auto debit or online bill pay
- receive eStatements via online banking
A branch visit appears to be required to open an account. Branches are located in Western Massachusetts in the cities of Adams, North Adams and Lanesboro. The bank has been FDIC insured since 1986 (FDIC Certificate # 26568).
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.
07/16/09: 4.00% APY up to $25K
11/18/08: 5.00% APY up to $25K; 0.75% over; 0.05% base rate