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3.01% Reward Checking Account at The Farmers Bank - Georgia Residents Only

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The Farmers Bank
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
The monthly requirements include:
  • 12 debit card purchases
  • one direct deposit or automatic payment
  • 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, but on the second page of the application it states that "The bank will accept applications from residents of Georgia or those persons soon to be." So it appears to be a Georgia-only deal.

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.

Rate History:
07/17/09: 3.01% APY up to $25K
05/11/09: 4.01% APY up to $25K; 1.01% over; 0.10% base

  Tags: Georgia, The Farmers Bank, checking account

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