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4.01% Reward Checking For Up To $25K At Midwest Bank In Minnesota

Friday, July 2, 2010 - 3:03 PMMidwest Bank - Details
Midwest Bank in Minnesota is offering a decent reward checking account (as of 1/11/2011)
  • 4.01% APY up to $25K
  • 0.50% APY for above
  • automatic surcharges refund up to $5/time
Monthly requirements:
  • 10 debit card Point of Sale (POS) transactions per statement cycle
  • one direct deposit
  • receive your monthly statement electronically
New customers must reside in bank's local market area to open this account.

Branches are located in the Minnesota cities of
  • Barnesville
  • Callaway
  • Dalton
  • Detroit Lakes
  • Parkers Prairie
  • Waubun
Update 1/11/2011: 2nd tier rate fell from 1.01% to 0.50%. Added note about market area.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,074
1. Friday, July 2, 2010 - 6:15 PM
Local or nationwide?
2
darkdreamer4udarkdreamer4u174 posts since
Jun 11, 2010
Rep Points: 632
2. Friday, July 2, 2010 - 6:38 PM
I believe it's local to Minnesota.

The forum has the state availability info built in. The state is mentioned in the quick summary. Also, you can use the filter button on the top of the forum to show only nationwide deals and/or the state that you're interested in.
1
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,074
3. Saturday, July 3, 2010 - 12:39 AM
I can't find an online enrollment form on the bank's web page, so I assume a branch visit is required to open an RCA.
1
dunkerdunker136 posts since
Jun 11, 2010
Rep Points: 409
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