Update 11/09/09: The reward checking account is no longer listed at the bank's website.
The Farmers Bank has a reward checking account with the following rates and features if certain monthly requirements are met:
- 3.01% APY on balances up to $25,000
- 1.01% APY on balances over $25,000
- 0.10% base rate if qualifications are not met
- Unlimited ATM fee refunds
- 12 debit card purchases
- one direct deposit or automatic payment
- receive e-statements
- $50 minimum initial deposit
- No minimum balance requirement
- No monthly service charge
- Free Online Bill Pay
The bank is located in Forsyth, Georgia. It has been FDIC insured since 1952 (FDIC Certificate # 14913).
Thanks to the reader Atlanta Wolf who mentioned this account in the Daily Deals & News Post.
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.
07/17/09: 3.01% APY up to $25K
05/11/09: 4.01% APY up to $25K; 1.01% over; 0.10% base