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4.01% Reward Checking Account at The First National Bank of Dieterich in IL - Local Only


The First National Bank of Dieterich
The First National Bank of Dieterich is offering a high-yield reward checking account called Prime Rewards Checking. It has the following rates and features if certain monthly requirements are met:
  • 4.01% APY on balances up to $25,000
  • 2.25% APY on portion of balance over $25,000
  • 0.20% base rate if requirements are not met
  • Nationwide ATM fee refunds
The monthly requirements include:
  • 10 debit card purchases
  • Access Online Banking
  • Receive electronic statements
Additional features of the account regardless of the monthly requirements include:
  • $25 minimum initial deposit
  • No minimum balance requirement
  • No monthly maintenance fee
  • Free Bill Pay
There's an online application link at the Prime Rewards Checking page. However, the page states that the account is available only for residents of the following Illinois counties: Effingham, Jasper, Shelby, Fayette, Clay, Richland, Crawford, Clark, Cumberland, and Coles.

Branches are located the cities of Dieterich, Newton and Effingham.

The bank's ratings for safety and soundness are strong: 4 stars (excellent) at BauerFinancial (based on 9/30/09 data) and 4 stars (sound) at (based on 6/30/09 data). The bank has been a FDIC member since 1934 (FDIC Certificate # 3787).

Other Reward Checking Accounts

One nice feature about the Prime Rewards Checking is the high rate for balances over $25K. For most reward checking accounts, this rate is 1% or lower.

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

  Tags: The First National Bank of Dieterich, Illinois, checking account, reward checking account

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Comment #1 by Anonymous posted on
4% RCAs are the norm now, accept it.

Still 2% better than OSAs.

Comment #2 by Anonymous posted on
Another advantage for this RCA is that no ACH is required.

One can get large sum of money into this account and enjoy the 4.01%/2.25% rate by meeting a single set of requirements.

The best OSA is at the 2% level anyhow.