3.51% Reward Checking Account at First-Lockhart National Bank in Texas

Update 11/28/09: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.

First-Lockhart National Bank is offering a rewards checking account with competitive rates. The account offers the following rates and features if certain monthly requirements are met:

• 3.51% APY on balances up to $25,000
• 1.01% APY on balances over $25,000
• 0.15% base rate if qualifications are not met
• ATM refunds nationwide up to $999 per cycle

The monthly requirements include:

• 10 debit card purchases
• one direct deposit or ACH auto debit
• receive e-statements

Additional features of the account regardless of the monthly requirements include:

• $50 minimum initial deposit
• No minimum balance requirement
• No monthly service charge
• Free Online Bill Pay

There's an online application for this account at the bank's reward checking page. However, the page states that only residents of Caldwell County are eligible.

It's a small bank with one office in the city of Lockhart which is in Central Texas. The bank has been FDIC insured since 1934 (FDIC Certificate # 13599).

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.

Rate History:
11/20/09: 3.51% APY up to $25K; Only available to residents of Caldwell County.
07/04/09: Texas residents eligible to apply via CheckingFinder.com
04/16/09: 4.51% APY up to $25K; 1.01% over; 0.15% base

Tags: First-Lockhart National Bank, Texas, checking account, reward checking account