Dedicated to Deposits: Deals, Data, and Discussion

3.51% Reward Checking Account at First National Bank of Berlin, Wisconsin

POSTED ON BY

1st National Bank (WI)
Update 10/15/09: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.

First National Bank of Berlin is offering a reward checking account that pays 3.51% APY on balances up to $25,000 (0.25% for above) and refunds ATM fees if the following monthly requirements are met:
  • 10 check card purchases
  • one direct deposit or ACH auto debit
  • Receive eStatements
If these are not met, the rate falls to 0.10%. Minimum to open account is $50. It has no minimum balance requirement or monthly fee.

There's an online application, but I was told by a banking rep that you are required to visit one of the bank's branches to complete the application process. Branches are located in the Wisconsin cities of Berlin, Gree Lake, Montello, Omro, Poy Sippi, Waunakee, Westfield and Winneconne.

The bank has been FDIC insured since 1934 (FDIC Certificate # 5286).

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.

Thanks to the reader who emailed me news of this reward checking account.

Rate History:
10/15/09: 3.51% APY up to $25K
08/15/09: 5.01% APY up to $25K; 0.25% over; 0.10% base
02/05/09: 5.01% APY up to $25K; 1.01% over; 0.10% base
  Tags: 1st National Bank (WI), Wisconsin, checking account, reward checking account

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Comments
4 comments.
Comment #1 by Anonymous posted on
Anonymous
I signed up for them and it is the real deal. Very helpful and friendly. Branches not convenient, as I'm in Madison, but the % rate can't be beat

1
Comment #2 by Anonymous posted on
Anonymous
Rates just fell to 3.51 today 10/15/09.

1
Comment #3 by Anonymous posted on
Anonymous
huge drop. Others to follow, IMHO.

1
Comment #4 by Anonymous posted on
Anonymous
Yeah, FAB&T followed up with the similar drop; 4.44% to 3.51%.

1