American Bank & Trust is offering a high-yield reward checking account called American Incentive Checking. It has the following rates if certain monthly requirements are met (as of 10/03/2010):
- 3.50% APY on balances up to $50,000
- 1.25% APY on portion of balance over $50,000
Monthly requirements include:
- 10 signature-based debit card purchases
- 1 direct deposit or ACH credit/withdrawal
- Receive e-statements
There are no monthly service fees. These requirements are currently not listed at the bank's website. I called last Friday for these details.
A branch visit is required to open an account. Branches are located in Bowling Green, Kentucky.
The bank's overall health score is 4 out of 5 with a Texas Ratio of 10.15% (excellent) based on 6/30/2010 data. Please refer to our financial overview of American Bank & Trust for more details. The bank has been a FDIC member since 2000 (FDIC Certificate # 35568).
Other High-Yield Reward Checking Accounts
It's rare to find reward checking accounts these days with a $50K balance cap with yields over 3.00%.
To find reward checking accounts in your state or to find those available nationwide, please refer to the reward checking section of DepositAccounts.com.