4.07% Reward Checking Account at Bluegrass Community Bank in KY - Local Only

Bluegrass Community Bank has a high-yield reward checking account called ABC Checking. The account has the following rates and features if certain monthly requirements are met:

• 4.07% APY on balances up to $25,000
• 0.40% APY on portion of balance over $25,000
• 0.15% base rate if requirements are not met
• Refunds ATM fees nationwide without limit

The monthly requirements include:

• 10 Visa debit card purchases
• 1 direct deposit or automatic payment
• Receive e-statements

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

• $100 minimum initial deposit
• No minimum balance requirement
• No monthly service charge
• Two free boxes of checks per year

There's an online application at the bank's micro-website. However, the application makes it look like you'll need to come into a branch to complete the application process. The bank is located in Danville, Kentucky. In the bank's location page they provide directions on driving to the branch from Lexington, Louisville and Bowling Green.

It's a new bank that was just established in March 2009. Thus, it doesn't yet have any ratings for safety and soundness. It's a FDIC member (FDIC Certificate # 58848).

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.