Update 1/12/09: The top yield has fallen to 4.01% APY. Refer to the bottom of the post for the rate history.
Classic Bank is offering a reward checking account that pays 4.01% APY on balances up to $25,000 (1.01% for above) and refunds all ATM nationwide fees if the following monthly requirements are met:
- 10 Visa check card purchases
- one direct deposit or direct withdrawal
- receive electronic statements and maintain a valid email address
The bank is listed at CheckingFinder but only when you enter a Texas zip code. So it appears that anyone in Texas can open this account online from this CheckingFinder page.
Branches are located in the Texas cities of Cameron, Rosebud, Rockdale and Giddings. The bank has been FDIC insured since 1934 (FDIC Certificate # 3126).
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.
01/12/09: 4.01% APY
12/21/08: 4.75% APY
10/10/06: 4.75% APY up to $25K; Bank was called First National Bank (see 2006 post)