Timberland Bank is offering a reward checking account called Free Smart Money Checking. It pays 3.51% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees nationwide if the following monthly requirements are met:
- 10 debit card purchases
- access online banking
- receive statements by email
It appears that a branch visit is required to open an account. Branches are located in several Washington State cities including Auburn, Olympia, Tacoma, Toledo, Silverdale, Ocean Shores and Elma.
The bank has been FDIC insured since 1935 (FDIC Certificate # 28453).
Thanks to the reader who mentioned this bank and its reward checking in the comments.
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.
11/24/09: 3.51% APY up to $25K
01/28/09: 4.01% APY up to $25K; 1.01% over; 0.25% base