- 2.50% APY for balances up to $30,000
- 0.15% APY for portion of balance over $30,000
- 0.15% base rate if requirements are not met
The monthly requirements include:
- 10 check card transactions
- One direct deposit of at least $250 or more
- Maintain online banking and e-statements
Minimum opening deposit is $25. There is no minimum balance requirement or monthly service charges.
I don't see any mention about ATM fee reimbursements. However, in the bank's checking comparison page, it says that there are no fees at MoneyPass ATMs in addition to Liberty Bank ATMs.
The bank is currently offering a refer-a-friend bonus in which both the referring customer and the referred customer receive $25. The referred customer must make $300 in deposits OR 8 check card transactions within the first 60 days after the account opening. Someone who wants the high rate of the High-Interest Checking should be able to meet the check card transaction requirement.
There's an online application, but it limits new applications to residents of Missouri, Arkansas, Kansas and Oklahoma.
Liberty Bank Overview
Liberty Bank branches are located in Southwest Missouri.
The bank has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 10.46% (above average) based on March 2011 data. Please refer to our financial overview of Liberty Bank for more details. The bank has been a FDIC members since 1955 (FDIC Certificate # 34087).
How the Reward Checking Compares
Liberty Bank's High-Interest Checking rate is inline with the best nationally available reward checking accounts. The one advantage Liberty Bank has is the balance cap is $5K higher than the typical $25K cap.
Other Reward Checking Accounts
To learn more about high-interest reward checking accounts, please refer to my post on 10 Common Traits of High-Yield Reward Checking Accounts, and to find reward checking accounts available nationwide or in your state, please refer to our reward checking table.