1.26% Reward Checking at Denali State Bank in Alaska
Jan 24, 2009 - 6:43 PM by Ken Tumin
- $25 monthly service charge if debit card requirements aren't met
- ATM reimbursement form must be submitted to receive ATM refunds
- Written checks are $2.50 each (but bill pay is free)
Branches are located in Fairbanks and Tok, Alaska. The bank has been FDIC insured since 1986 (FDIC Certificate # 26530).
Thanks to the reader who mentioned this account in the comments.
Other Reward Checking Accounts
This is the first reward checking account that I've seen in Alaska. Unfortunately, the rate is very low for reward checking. But the rate is competitive compared to other liquid bank accounts at Alaska financial institutions. Alaska USA Federal Credit Union (Alaska's largest credit union) currently offers 1.30% APY on balances from $10K to $25K on its Super Money Market Account as of 1/23/09 (see rate table).
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.
Banks Mentioned in this Post:
| Denali State Bank Locations: 5 Health Rating:  |   |
| Latest Review: "I was born in the St. Josephs hospital over 45 yrs. ago and loved banking ther..." | |
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Anonymous - #1, Friday, January 23, 2009 - 7:45 PM
$25 penalty for not doing enough debit transactions, $2.50 charge per written check, form submission required for ATM reimbursement - all for a 1.26% return on your money? Sounds like financial masochism to me.
Anonymous - #2, Friday, January 23, 2009 - 10:02 PM
I have followed this site for a while now because of great deals that are posted.
This is not a deal. Are you now posting anything, deal or not?
This wasn't even worth posting. Nothing about it is a "Bankdeal".
Banking Guy (anonymous) - #3, Saturday, January 24, 2009 - 6:32 AM
Please note my explanation that I had included in the posting:
This is the first reward checking account that I've seen in Alaska. Unfortunately, the rate is very low for reward checking. But the rate is competitive compared to other liquid bank accounts at Alaska financial institutions.
I've had readers from Alaska asking about reward checking accounts. I wish Alaska had better offerings, but this is the only one I've found so far.
Anonymous - #4, Saturday, January 24, 2009 - 5:33 PM
Banking Guy, keep up the great job.
Keep reporting them like you see them.
I follow this site faithfully and have set a a CD ladder several years ago, thanks to this site. And in times of low interest rates like today's climate, CD laddering has literally been paying off. Thanks to you.
Anonymous - #5, Sunday, January 25, 2009 - 4:46 PM
agreed......thank you. As an Alaskan I appreciate this post regardless of whether or not I would use their services.
Anonymous - #6, Wednesday, January 28, 2009 - 8:25 PM
Maybe 1.26% is a misprint.
But then again its Alaska.
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