3.04% Reward Checking Account at Old Florida National Bank in Florida - Local Only

Old Florida National Bank is offering a high-yield reward checking account called Optimum Checking. It has the following rates and features if certain monthly requirements are met:

• 3.04% APY on balances up to $25,000
• 0.50% on entire balance if the balance is over $25,000
• 0.50% base rate if requirements are not met
• ATM fee refunds nationwide up to 6 per month

The monthly requirements include:

• 10 MasterCard debit card purchases
• 1 ACH direct deposit
• Access Online Banking with a minimum of 1 Bill Pay
• Receive e-statements

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

• No more than 10 paper checks paid per cycle
• No Minimum Balance Requirement
• No Monthly Maintenance Fee
• Free Bill Pay

It appears that a branch visit is required to open an account. Branches are located in the Central Florida cities of Orlando, Longwood, Altamonte Springs, Winter Park, Apopka and Inverness.

The bank's ratings for safety and soundness are fair: 3 stars (adequate) at BauerFinancial (based on 9/30/09 data) and 3 stars (performing) at Bankrate.com (based on 6/30/09 data). The bank has been a FDIC member since 1982 (FDIC Certificate # 24244).

Other Reward Checking Accounts

To find reward checking accounts in other areas of the nation, please refer to the reward checking section of DepositAccounts.com. To learn more about reward checking, please refer to this reward checking overview.

Edit: Noted APY if balance is over $25K.

Tags: Old Florida National Bank, checking account, reward checking account, Florida