RCB Bank continues to have two good deposit deals. The first is a high-yield checking account called Go Green Rewards Checking. I first reported on this account in 2008. The rate has fallen, but it's still very competitive for reward checking accounts. As of 1/6/2011, it pays 4.10% APY on balances up to $25K. The main requirement is 12 debit card purchases a month. It does not require direct deposit, but it does require that you log into your account at least once a month. As is typical, e-statements is also required.
As a comparison to reward checking accounts available nationwide as of 1/6/2011, the best rate for balances up to $25K is currently 3.03% APY at Coulee Bank.
The other deposit deal is a competitive 5-year CD rate of 3.00% APY as of 1/6/2011. Minimum deposit is $1,000 for the regular CD and $250 for the IRA Roth CD. This rate is listed in the bank's CD rate sheet as of 1/6/2011.
As a comparison to internet banks on 1/6/2011, the best 5-year CD rate is 2.75% APY at Salem Five Bank.
To open an account at RCB Bank, it appears that a branch visit is required. Branches are located in the Kansas cities of Wichita, Winfield and Arkansas City, and in the Oklahoma cities of Oklahoma City, Edmond, Broken Arrow, Owasso and Stillwater. Please refer to the bank's location page for all of the addresses.
RCB Bank has an overall health score at DepositAccounts.com of 3 out of 5 with a Texas Ratio of 15.82% (excellent) based on September 2010 data. It's a sizable bank with $1.89 billion in assets. Please refer to our financial overview of RCB Bank for more details. The bank has been a FDIC member since 1936 (FDIC Certificate # 15399).