First Colebrook Bank is offering a reward checking account called Moose Rewards Checking. It pays 3.65% APY on balances up to $30,000 (1.01% for above) and refunds ATM fees nationwide up to $50 per month if the following monthly requirements are met:
- 10 debit card purchases
- one direct deposit or ACH auto debit
- access online banking
- receive e-statements
The bank also has a competitive 5-month CD special with a 3.25% APY. It's listed in its rate table as of 1/27/2009. This rate requires you to maintain a checking account with an average combined balance of at least $25K to avoid a $15/month fee. This may be a good option for those who have more than $30K of short-term funds.
It appears a branch visit is required to open accounts. Branches are located in the New Hampshire cities of Colebrook, Concord and Amherst.
The bank has been FDIC insured since 1934 (FDIC Certificate # 6212).
Thanks to the reader who mentioned this bank 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.
07/08/09: 3.65% APY up to $30K
05/14/09: 4.15% APY up to $30K
01/27/09: 5.15% APY up to $30K; 1.01% over; 0.25% base